Document:

Exhibit 10(at)

Exhibit 10(at)

OLD NATIONAL BANCORP

2008 INCENTIVE COMPENSATION PLAN

PERFORMANCE SHARE AWARD AGREEMENT

(RELATIVE PERFORMANCE MEASURES)

This Award Agreement (“Agreement”) is entered into as of February 1, 2010 (“Grant Date”), by
and between Old National Bancorp, an Indiana corporation (“Company”), and
                                        , an officer or employee of the Company or one of its Affiliates
(“Participant”).

Background

A. The Company adopted the Old National Bancorp 2008 Incentive Compensation Plan (“Plan”) to
further the growth and financial success of the Company and its Affiliates by aligning the
interests of participating officers and key employees (“participants”) more closely with those of
the Company’s shareholders, providing participants with an additional incentive for excellent
individual performance, and promoting teamwork among participants.

B. The Company believes that the goals of the Plan can be achieved by granting Performance
Shares to eligible officers and other key employees.

C. The Compensation and Management Development Committee of the Board has determined that a
grant of Performance Shares to the Participant, as provided in this Award Agreement, is in the best
interests of the Company and its Affiliates and further the purposes of the Plan.

D. The Participant wishes to accept the Company’s grant of Performance Shares, subject to the
terms and conditions of this Award Agreement and the Plan.

Agreement

In consideration of the premises and the mutual covenants herein contained, the Company and
the Participant agree as follows:

1. Defined Terms. For purposes of this Agreement, if the first letter of a word (or each word
in a term) is capitalized, the term shall have the meaning provided in this Agreement, or if such
term not defined by this Agreement, the meaning specified in the Plan.

(a) “Adjusted Share Distribution” means, with respect to a Performance Share, a number of
whole and fractional Shares equal to the sum of the Unadjusted Share Distribution and the Dividend
Adjustment.

(b) “Appendix A” means Appendix A to this Agreement, which is hereby incorporate herein and
made a part hereof.

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

 

 

(c) “Dividend Adjustment” means, with respect to a Performance Share, a number of whole and
fractional Shares, determined as provided in Section 6, which is added to the Unadjusted Share
Distribution to reflect dividend payments during the Performance Period on the Shares included in
the Unadjusted Share Distribution.

(d) “Maximum Performance” means the Performance Goal achievement required for the maximum
permissible distribution with respect to a Performance Share, as set out in Appendix A.

(e) “Minimum Performance” means the minimum Performance Goal achievement required for any
distribution to be made with respect to a Performance Share, as set out in Appendix A.

(f) “Performance Goal” means a financial target on which the distribution with respect to a
Performance Share is based, as set out in Appendix A.

(g) “Performance Period” means the Performance Period specified in Appendix A.

(h) “Performance Share” means a contingent right awarded pursuant to this Agreement for
distribution of a Share upon attainment of the Performance Goals as set forth on Appendix A.

(i) “Section” refers to a Section of this Agreement.

(j) “Target Performance” means the Performance Goal achievement required for the targeted
distribution with respect to a Performance Share, as set out in Appendix A. If Target Performance
is achieved but not exceeded for all Performance Goals, the Unadjusted Share Distribution with
respect to a Performance Share is one share of the Company’s voting common stock (“Share”).

(k) “Unadjusted Share Distribution” means, with respect to a Performance Share, the total
number of Shares to be distributed to the Participant, before adding the Dividend Adjustment or
subtracting required tax withholding.

2. Incorporation of Plan Terms. All provisions of the Plan, including definitions (to the
extent that a different definition is not provided in this Agreement), are incorporated herein and
expressly made a part of this Agreement by reference. The Participant hereby acknowledges that he
or she has received a copy of the Plan.

3. Award of Performance Shares. The Committee has awarded the Participant                      (     )
Performance Shares, effective as of the Grant Date, subject to the terms and conditions of the Plan
and this Agreement.

4. Contingent Distribution on Account of Performance Shares.

(a) Except as provided in Section 5, no distribution shall be made with respect to any
Performance Share, unless (i) Minimum Performance is achieved or exceeded, and (ii) the Participant
(A) is continually employed by the Company and/or an Affiliate at all times from the
award of the Performance Shares until the date on which Shares are distributed pursuant to
Subsection (c) below, provided, however, the Committee may, in its discretion, waive the continuous
employment requirement in this clause (ii), or (B) Terminates Service during the Performance Period
on account of his death, Disability, or Retirement.

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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(b) All distributions on account of a Performance Share shall be made in the form of Shares.
The Unadjusted Share Distribution with respect to a Performance Share, if any, is dependent on the
Company’s achievement of the Performance Goals, as specified in Appendix A. By way of example, if
Target Performance for the Performance Period is achieved but not exceeded with respect to each
Performance Goal, the Unadjusted Share Distribution shall consist of one share of the Company’s
voting common stock (“Share”). The number of Shares distributed on account of a Performance Share
shall be increased by the Dividend Adjustment to determine the Adjusted Share Distribution and
reduced by applicable tax withholding as provided in Section 9. If, after reduction for tax
withholding, the Participant is entitled to a fractional Share, the net number of Shares
distributed to the Participant shall be rounded down to the next whole number of Shares.

(c) Except as expressly provided in Section 5, the Company shall distribute the Adjusted Share
Distribution, reduced to reflect tax withholding, not later than March 31st of the calendar year
following the year in which the Performance Period ends.

(d) Notwithstanding any other provision of this Agreement, the Committee may, in its sole
discretion, reduce the number of Shares that may be distributed as determined pursuant to the
Adjusted Share Distribution calculation set forth above. The preceding sentence shall not apply to
a distribution made pursuant to Section 5.

5. Change in Control. If a Change in Control occurs during the Performance Period, and the
Participant has been continually employed by the Company and/or an Affiliate from the Grant Date
until the day preceding the Change in Control date, the Company shall distribute to the Participant
on the Change in Control date or within thirty days thereafter the number of Shares, increased by
the Dividend Adjustment, that would have been paid to the Participant pursuant to Section 4, if (i)
the Participant had satisfied the employment requirement of Subsection 4(a), and (ii) Target
Performance had been achieved but not exceeded. In determining the number of Shares to be
distributed to the Participant pursuant to this Section, no Dividend Adjustment shall be made on
account of anticipated dividends after the Change in Control date. The Committee, in its sole
discretion, may elect for the Company to pay the Participant, in lieu of distributing Shares, the
cash equivalent of the Shares to be distributed to the Participant pursuant to this Section. Upon
such cash payment or distribution of Shares, the Company’s obligations with respect to the
Performance Shares shall end.

6. Dividend Adjustment. Except as otherwise provided for in this Agreement, a Dividend
Adjustment shall be added to the Unadjusted Share Distribution. The Dividend Adjustment shall be a
number of Shares equal to the number of Shares that would have resulted, if each dividend paid
during the Performance Period on the Shares included in the Unadjusted Share Distribution had been
immediately reinvested in Shares.

7. Performance Goals. The applicable Performance Goals, the weight given to each Performance
Goal, and the Minimum Performance, Target Performance, and Maximum Performance are set out in
Appendix A.

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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8. Participant’s Representations. The Participant agrees, upon request by the Company and
before the distribution of Shares with respect to the Performance Shares, to provide written
investment representations as reasonably requested by the Company. The Participant also agrees
that, if he or she is a member of the Company’s Executive Leadership Group at the time the Shares
are distributed, he or she (i) will hold all Shares included in the Unadjusted Share Distribution,
reduced for applicable tax withholding, for one year following distribution, and, (ii) if he or she
has not satisfied the Company’s share ownership guidelines at the time of the Shares are
distributed, will hold all Shares included in the Dividend Adjustment, reduced for applicable tax
withholding, for one year following the distribution.

9. Income and Employment Tax Withholding. All required federal, state, city, and local income
and employment taxes that arise on account of the Performance Shares shall be satisfied through the
withholding of Shares otherwise distributable pursuant to this Agreement.

10. Nontransferability. The Participant’s interest in the Performance Shares or any
distribution with respect to such Shares may not be (i) sold, transferred, assigned, margined,
encumbered, bequeathed, gifted, alienated, hypothecated, pledged, or otherwise disposed of, whether
by operation of law, whether voluntarily or involuntarily or otherwise, other than by will or by
the laws of descent and distribution, or (ii) subject to execution, attachment, or similar process.
Any attempted or purported transfer in contravention of this Section shall be null and void ab
initio and of no force or effect whatsoever.

11. Indemnity. The Participant hereby agrees to indemnify and hold harmless the Company and
its Affiliates (and their respective directors, officers and employees), and the Committee, from
and against any and all losses, claims, damages, liabilities and expenses based upon or arising out
of the incorrectness or alleged incorrectness of any representation made by Participant to the
Company or any failure on the part of the Participant to perform any agreements contained herein.
The Participant hereby further agrees to release and hold harmless the Company and its Affiliates
(and their respective directors, officers and employees) from and against any tax liability,
including without limitation, interest and penalties, incurred by the Participant in connection
with his or her participation in the Plan.

12. Changes in Shares. In the event of any change in the Shares, as described in Section 4.04
of the Plan, the Committee, consistent with the principles set out in such Section, will make
appropriate adjustment or substitution in the number of Performance Shares, so that the contingent
economic value of a Performance Share remains substantially the same. The Committee’s
determination in this respect will be final and binding upon all parties.

13. Effect of Headings. The descriptive headings used in this Agreement are inserted for
convenience and identification only and do not constitute a part of this Agreement for purposes of
interpretation.

14. Controlling Laws. Except to the extent superseded by the laws of the United States, the
laws of the State of Indiana, without reference to the choice of law principles thereof, shall be
controlling in all matters relating to this Agreement.

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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15. Counterparts. This Agreement may be executed in two (2) or more counterparts, each of
which will be deemed an original, but all of which collectively will constitute one and the same
instrument.

17. Recoupment/Clawback. Any grant of Performance Shares under this Agreement or any other
award granted or paid to the Participant under the Company’s 2008 Incentive Compensation Plan,
whether in the form of stock options, stock appreciation rights, restricted stock, performance
units, performance shares, stock or cash, is subject to recoupment or “clawback” by the Company in
accordance with the Company’s Bonus Recoupment/Clawback Policy, as may be amended from time to
time. This Section, “Recoupment/Clawback,” shall survive termination of this Agreement.

IN WITNESS WHEREOF, the Company, by its officer thereunder duly authorized, and the
Participant, have caused this Performance Share Award Agreement to be executed as of the day and
year first above written.

PARTICIPANT

	 	 	 	 	 	 	 	 	 	 	 
	Accepted by:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	Printed Name:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 

OLD NATIONAL BANCORP

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Kendra L. Vanzo
	 	 
	 

	 	Executive Vice President — Chief Human Resources Officer	 	 
	 

	 	Old National Bancorp	 	 

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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APPENDIX A TO 2010 PERFORMANCE AWARD AGREEMENT

(Relative Performance Measures)

Grant Date: February 1, 2010

Performance Shares Awarded: See Section 3 of the Agreement

Performance Period: January 1, 2010, through December 31, 2012

Relative Factors for Determining Amount Payable Pursuant to Performance Award

The number of Shares payable on account of a Performance Share (before any Dividend Adjustment
or tax withholding) will be based on the results of the following relative performance factor
(“Performance Factor”) during the Performance Period, as measured against the comparator “Peer”
group:

Total Shareholder Return (TSR). Total Shareholder Return means the three-month
average stock price for the period ending December 31, 2009 (“Calculation Period”) compared
to the three-month average stock price for the period ending December 31, 2012 (“Calculation
Period”) for the Company and the Peer Group. The three-month average stock price will be
determined by averaging the closing stock price of each day during the three months ending
on the applicable December 31, including adjustments for cash and stock dividends.

Peer Group. The “Peer Group” is made up of the following:

	 	 	 	 	 
	Company Name	 	Ticker	 	State
	 
	FULTON FINANCIAL CORP

	 	FULT
	 	PA
	SOUTH FINANCIAL GROUP INC

	 	TSFG
	 	SC
	CITIZENS REPUBLIC BANCORP

	 	CRBC
	 	MI
	CULLEN/FROST BANKERS INC

	 	CFR
	 	TX
	VALLEY NATIONAL BANCORP

	 	VLY
	 	NJ
	BANCORPSOUTH INC

	 	BXS
	 	MS
	INTL BANCSHARES CORP

	 	IBOC
	 	TX
	BANK OF HAWAII CORP

	 	BOH
	 	HI
	FIRSTMERIT CORP

	 	FMER
	 	OH
	WHITNEY HOLDING CORP

	 	WTNY
	 	LA
	UMB FINANCIAL CORP

	 	UMBF
	 	MO
	TRUSTMARK CORP

	 	TRMK
	 	MS
	FIRST MIDWEST BANCORP INC

	 	FMBI
	 	IL
	SUSQUEHANNA BANCSHARES INC

	 	SUSQ
	 	PA
	MB FINANCIAL INC/MD

	 	MBFI
	 	IL
	UNITED BANKSHARES INC/WV

	 	UBSI
	 	WV
	FIRST COMMONWLTH FINL CP/PA

	 	FCF
	 	PA
	F N B CORP/FL

	 	FNB
	 	PA
	HANCOCK HOLDING CO

	 	HBHC
	 	MS
	PARK NATIONAL CORP

	 	PRK
	 	OH

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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	Company Name	 	Ticker	 	State
	 
	NATIONAL PENN BANCSHARES INC

	 	NPBC
	 	PA
	AMCORE FINANCIAL INC

	 	AMFI
	 	IL
	WESBANCO INC

	 	WSBC
	 	WV
	1ST SOURCE CORP

	 	SRCE
	 	IN
	FIRST MERCHANTS CORP

	 	FRME
	 	IN
	REPUBLIC BANCORP INC/KY

	 	RBCAA
	 	KY
	INTEGRA BANK CORP

	 	IBNK
	 	IN
	FIRST BUSEY CORP

	 	BUSE
	 	IL
	S Y BANCORP INC

	 	SYBT
	 	KY

A Peer Group member shall be removed if it is acquired during the Performance Period.

Calculation of Performance

For the Performance Factor, the performance for the Company and the Peer Group members will be
determined and then the percentile raking of the Company shall be determined as compared to the
Peer Group. The Company’s Percentile Rank will be used to determine the percentage, if any, of the
Shares earned under the Performance Share award.

The table below shows the percentage of Shares to be issued with respect to each Performance Share
(before any Dividend Adjustment or tax withholding) at various performance levels:

	 	 	 	 	 
	Average	 	 	 	 
	Percentile Rank vs. Peer	 	% of Shares	 	 
	Group	 	Earned	 	Performance Level
	< 25%
	 	0%	 	 
	25%
	 	25%
	 	Threshold
	35%
	 	50%	 	 
	45%
	 	75%	 	 
	50%
	 	100%
	 	Target
	55%
	 	125%	 	 
	65%
	 	150%	 	 
	75%
	 	175%	 	 
	90% & Up
	 	200%
	 	Maximum

The percentile rank will be reduced to the next lowest level if the final percentile rank does not
equal one of the levels listed in the above schedule. For example, if the Company’s Percentile
Rank is 48%, 0.75% of one Share will be issued with respect to each Performance Share.

Timing of Award Determination and Distribution

Once performance results for the Company are known and approved by the auditors, the
Compensation Committee will review and approve the final performance results for the Performance
Factor. The Shares will be distributed in accordance with the timing set forth in Section 4(c) of
this Agreement.

Performance Share Award Agreement — Relative Measures (Form of 2010 Agreement)

 

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Exhibit 10(au)

OLD NATIONAL BANCORP

2008 INCENTIVE COMPENSATION PLAN

RESTRICTED STOCK AWARD AGREEMENT

THIS AWARD AGREEMENT (the “Agreement”), made and executed as of February 1, 2010 (the “Grant
Date”), between Old National Bancorp, an Indiana corporation (the “Company”), and                     , an
officer or employee of the Company or one of its Affiliates (the “Participant”).

WITNESSETH:

WHEREAS, the Company has adopted the Old National Bancorp 2008 Incentive Compensation Plan
(the “Plan”) to further the growth and financial success of the Company and its Affiliates by
aligning the interests of Participants, through the ownership of Shares and through other
incentives, with the interests of the Company’s shareholders, to provide Participants with an
incentive for excellence in individual performance and to promote teamwork among Participants; and

WHEREAS, it is the view of the Company that this goal can be achieved by granting Restricted
Stock to eligible officers and other key employees; and

WHEREAS, the Participant has been designated by the Compensation Committee as an individual to
whom Restricted Stock should be granted as determined from the duties performed, the initiative and
industry of the Participant and his or her potential contribution to the future development, growth
and prosperity of the Company;

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained,
the Company and the Participant agree as follows:

1. Award of Restricted Stock. The Company hereby awards to the Participant
 _____ 

Shares of Restricted Stock (hereinafter,
the “Restricted Stock”), subject to the terms and conditions of this Agreement and the provisions
of the Plan. All provisions of the Plan, including defined terms, are incorporated herein and
expressly made a part of this Agreement by reference. The Participant hereby acknowledges that he
or she has received a copy of the Plan.

2. Period of Restriction. The Period of Restriction shall begin on the Grant Date and lapse, except as otherwise
provided in Sections 3 and 4 of this Agreement, as follows:

	 	 	 	 	 
	 	 	Percent of Restricted Stock	 
	Effective Date	 	Awarded	 
	February 1, 2011
	 	 	33.3	%
	February 1, 2012
	 	 	33.3	%
	February 1, 2013
	 	 	33.4	%

3. Change in Control. Notwithstanding any other provision of this Agreement, the Period of Restriction shall
lapse upon a Change in Control of the Company as provided in Section 15.01 of the Plan.

Executive Service-Based Restricted Stock Award Agreement — (2010 Form of Agreement)

 

 

 

4. Termination of Service. Notwithstanding any other provision of this Agreement, in the event of the Participant’s
Termination of Service due to death, Disability or Retirement, the following shall apply:

	 	(a)	 	If the Participant’s Termination of Service is due to death,
the Period of Restriction shall lapse, effective as of the date of death.

	 	(b)	 	If the Participant’s Termination of Service is due to
Disability or Retirement, he or she shall continue to be treated as a
Participant and the Period of Restriction shall lapse at the time specified in
Section 2 of this Agreement; provided, however, that if the Participant dies
prior to the end of the Period of Restriction, then the provisions of
subsection (a) of this Section 4 shall apply.

Unless otherwise determined by the Committee in its sole discretion, in the event of the
Participant’s Termination of Service for any other reason, the Shares of Restricted Stock shall be
forfeited effective as of the date of the Participant’s Termination of Service.

5. Dividends on Restricted Stock. During the Period of Restriction, the Participant shall be entitled to receive any cash
dividends paid with respect to the Shares of Restricted Stock regardless of whether the Period of
Restriction has not lapsed. All stock dividends paid with respect to Shares of Restricted Stock
shall be (a) added to the Restricted Stock, and (b) subject to all of the terms and conditions of
this Agreement and the Plan.

6. Voting Rights. During the Period of Restriction, the Participant may exercise all voting rights with
respect to the Shares of Restricted Stock as if he or she is the owner thereof.

7. Participant’s Representations. The Participant represents to the Company that:

	 	(a)	 	The terms and arrangements relating to the grant of Restricted
Stock and the offer thereof have been arrived at or made through direct
communication with the Company or person acting in its behalf and the
Participant;

	 	(b)	 	The Participant has received a balance sheet and income
statement of the Company and as an officer or key employee of the Company:

	 	(i)	 	is thoroughly familiar with the Company’s
business affairs and financial condition and

	 	(ii)	 	has been provided with or has access to such
information (and has such knowledge and experience in financial and
business matters that the Participant is capable of utilizing such
information) as is necessary to evaluate the risks, and make an
informed investment decision with respect to, the grant of Restricted
Stock; and

	 	(c)	 	The Restricted Stock is being acquired in good faith for
investment purposes and not with a view to, or for sale in connection with, any
distribution thereof.

8. Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the
lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares
required to be issued under Section 11, or (b) tendering by the Participant to the Company of
Shares which are owned by the Participant, as described in Section 14.02 of the Plan. The Fair
Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s
aggregate withholding tax obligations, calculated as of the day prior to the day on which the
Period of Restriction ends.

Executive Service-Based Restricted Stock Award Agreement — (2010 Form of Agreement)

 

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9. Nontransferability. Until the end of the Period of Restriction, the Restricted Stock cannot be (i) sold,
transferred, assigned, margined, encumbered, bequeathed, gifted, alienated, hypothecated, pledged
or otherwise disposed of, whether by operation of law, whether voluntarily or involuntarily or
otherwise, other than by will or by the laws of descent and distribution, or (ii) subject to
execution, attachment, or similar process. Any attempted or purported transfer of Restricted Stock
in contravention of this Section 9 or the Plan shall be null and void ab initio and of no force or
effect whatsoever.

10. Issuance of Shares. At or within a reasonable period of time (and not more than 30 days) following execution of
this Agreement, the Company will issue, in book entry form, the Shares representing the Restricted
Stock. As soon as administratively practicable following the date on which the Period of
Restriction lapses, the Company will issue to the Participant or his or her Beneficiary the number
of Shares of Restricted Stock specified in Section 1. In the event of the Participant’s death
before the Shares are issued, such stock certificate will be issued to the Participant’s
Beneficiary or estate in accordance with Section 9.07(d) of the Plan. Notwithstanding the
foregoing provisions of this Section 10, the Company will not be required to issue or deliver any
certificates for Shares prior to (i) completing any registration or other qualification of the
Shares, which the Company deems necessary or advisable under any federal or state law or under the
rulings or regulations of the Securities and Exchange Commission or any other governmental
regulatory body; and (ii) obtaining any approval or other clearance from any federal or state
governmental agency or body, which the Company determines to be necessary or advisable. The
Company has no obligation to obtain the fulfillment of the conditions specified in the preceding
sentence. As a further condition to the issuance of certificates for the Shares, the Company may
require the making of any representation or warranty which the Company deems necessary or advisable
under any applicable law or regulation. Under no circumstances shall the Company delay the
issuance of shares pursuant to this Section to a date that is later than 2-1/2 months after the end
of the calendar year in which the Period of Restriction lapses, unless issuance of the shares would
violate federal securities law or other applicable law, in which case the Company shall issue such
shares as soon as administratively feasible (and not more than 30 days) after such issuance would
no longer violate such laws.

11. Mitigation of Excise Tax. Except to the extent otherwise provided in a written agreement between the Company and the
Participant, the Restricted Stock issued hereunder is subject to reduction by the Committee for the
reasons specified in Section 13.01 of the Plan.

12. Participant’s Representations. The Participant agrees that, if he or she is a
member of the Company’s Executive Leadership Group at the time a Period of Restriction lapses, he
or she will hold such Restricted Stock that vests, reduced for applicable tax withholding, for one
year following the expiration of the applicable Period of Restriction for such Restricted Stock.

13. Indemnity. The Participant hereby agrees to indemnify and hold harmless the Company and its Affiliates
(and their respective directors, officers and employees), and the Committee, from and against any
and all losses, claims, damages, liabilities and expenses based upon or arising out of the
incorrectness or alleged incorrectness of any representation made by Participant to the Company or
any failure on the part of the Participant to perform any agreements contained herein. The
Participant hereby further agrees to release and hold harmless the Company and its Affiliates (and
their respective directors, officers and employees) from and against any tax liability, including
without limitation, interest and penalties, incurred by the Participant in connection with his or
her participation in the Plan.

14. Financial Information. The Company hereby undertakes to deliver to the Participant, at such time as they become
available and so long as the Period of Restriction has not lapsed and the Restricted Stock has not
been forfeited, a balance sheet and income statement of the Company with respect to any fiscal year
of the Company ending on or after the date of this Agreement.

15. Changes in Shares. In the event of any change in the Shares, as described in Section 4.04 of the Plan, the
Committee will make appropriate adjustment or substitution in the Shares of
Restricted Stock, all as provided in the Plan. The Committee’s determination in this respect
will be final and binding upon all parties.

Executive Service-Based Restricted Stock Award Agreement — (2010 Form of Agreement)

 

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16. Effect of Headings. The descriptive headings of the Sections and, where applicable, subsections, of this
Agreement are inserted for convenience and identification only and do not constitute a part of this
Agreement for purposes of interpretation.

17. Controlling Laws. Except to the extent superseded by the laws of the United States, the laws of the State of
Indiana, without reference to the choice of law principles thereof, shall be controlling in all
matters relating to this Agreement.

18. Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which will be
deemed an original, but all of which collectively will constitute one and the same instrument.

IN WITNESS WHEREOF, the Company, by its officer thereunder duly authorized, and the
Participant, have caused this Restricted Stock Award Agreement to be executed as of the day and
year first above written.

PARTICIPANT

	 	 	 	 	 	 	 	 	 	 	 
	Accepted by:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

«EXECUTIVE»
	 	 	 	 	 	 

	 	 

OLD NATIONAL BANCORP

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Kendra L. Vanzo
	 	 
	 

	 	EVP, Chief Human Resources Officer	 	 
	 

	 	Old National Bancorp	 	 

Executive Service-Based Restricted Stock Award Agreement — (2010 Form of Agreement)

 

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