Document:

EX-10.23

 EXHIBIT 10.23 

SECOND AMENDMENT TO THE 
 WESBANCO,
INC. KSOP 
 (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2014) 

WHEREAS, WesBanco, Inc. (the “Corporation”) maintains the WesBanco, Inc. KSOP, as restated effective January 1, 2014 (the
“Plan”); and 
 WHEREAS, Section 12.6 of the Plan reserves to the Corporation the right to amend the Plan at any time; and

 WHEREAS, the Company has decided to amend the Plan to (i) modify the definition of “Compensation” that is used for
determining Plan benefits; (ii) address revised Internal Revenue Service regulations regarding the mid-year amendment or termination of safe harbor 401(k) plans; (iii) permit the refinancing of Plan loans; and (iv) correct pagination
errors and update the Table of Contents; 
 NOW, THEREFORE, the Plan is hereby amended as follows: 

 

	 	1.	Effective January 1, 2015, the first paragraph of Section 2.10 is amended in its entirety to read as follows: 

Section 2.10. Compensation. Except as otherwise provided in this Section 2.10 and in Sections 4.7 and
10.7 (as applicable), Compensation shall mean Compensation as that term is defined in Section 9.4. 
  

	 	2.	Effective January 1, 2015, Section 4.6(d) is amended in its entirety to read as follows: 

(d) The Company may amend the Plan during a Plan Year to reduce or eliminate prospectively any or all Employer Matching
Contributions (including ADP Test Safe Harbor Matching Contributions and/or ACP Test Safe Harbor Employer Matching Contributions), provided that: 

(1) Either: 

(A) the Company is operating at an economic loss as described in Code Section 412(c)(2)(A) for the Plan Year, or 

(B) the notice described in Section 4.6(a) includes a statement that the Plan may be amended during the Plan Year to
reduce or suspend Employer Matching Contributions and that such reduction or suspension will not apply until at least 30 days after all Qualified Employees are provided notice of such reduction or suspension; 

  
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 (2) The Plan Administrator provides a supplemental notice to Qualified Employees
which explains the consequences of the amendment, specifies the amendment’s effective date, and informs Qualified Employees of the procedures for changing their elective deferral elections; 

(3) Qualified Employees have a reasonable opportunity (including a reasonable period after receipt of such supplemental
notice) prior to the effective date of the amendment to modify their elective deferral elections; and 
 (4) The amendment
is not effective earlier than the later of (A) 30 days after the Plan Administrator provides such supplemental notice; or (B) the date the Company adopts the amendment. 

 

	 	3.	Effective January 1, 2015, the second sentence of Section 4.6(f) is amended in its entirety to read as follows: 

The Plan shall remain an ADP Test Safe Harbor and ACP Test Safe Harbor Plan for such Plan Year, if (1) the Company’s termination
of the Plan results in a short Plan Year; (2) the Plan satisfies the ADP Test Safe Harbor and ACP Test Safe Harbor provisions through the effective date of the Plan termination; and (3) either (A) the Plan would satisfy the
requirements of Section 4.6, treating the termination as a reduction or suspension of Employer Matching Contributions, other than the requirements of Sections 4.6(d)(1) and 4.6(d)(3); (B) the termination is in connection with an
acquisition or disposition transaction described in Code Section 410(b)(6)(C); or (C) the Company incurs a substantial business hardship that is comparable to a substantial business hardship described in Code Section 412(c). 

 

	 	4.	Effective January 1, 2015, Section 4.7 is added to read as follows: 

Section 4.7. Compensation. For purposes of this Article 4, Compensation shall be reduced by all of the
following items (even if includible in gross income): any reimbursements or other expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation, and welfare benefits. 

 

	 	5.	Effective January 1, 2015, Section 9.5(b)(8) is amended in its entirety to read as follows: 

(8) Number of Loans. A borrower may have two loans outstanding at any one time. A borrower may receive more than one
loan per year. 
 Subject to the foregoing limitations, a borrower may refinance any one outstanding loan, but only if all
outstanding loans collectively satisfy the amount limitations described in paragraph (a) above and each loan satisfies the repayment term and level amortization requirements described in paragraphs (b)(5) and (b)(7) above. Any such refinancing
may not occur more than once during any 90-day period. For this purpose, a “refinancing” includes any situation in which one loan replaces another loan. 

If a loan that satisfies paragraphs (a), (b)(5), and (b)(7) above is replaced by a loan (a “replacement loan”), and
the term of the replacement loan ends after the latest 

  
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permissible term of the loan it replaces (the “replaced loan”), then the replacement loan and the replaced loan will be treated as outstanding on the date of the transaction; provided,
however, that this paragraph shall not apply to a replacement loan if the terms of the replacement loan would satisfy the requirements of paragraphs (a), (b)(5), and (b)(7) above, determined as if the replacement loan consisted of two separate
loans: the replaced loan (amortized in substantially level payments over a period ending not later than the last day of the latest permissible term of the replaced loan); and, to the extent the amount of the replacement loan exceeds the amount of
the replaced loan, a new loan that is also amortized in substantially level payments over a period ending not later than the last day of the latest permissible term of the replacement loan. 

 

	 	6.	Effective January 1, 2015, the Table of Contents page is deleted in its entirety, the attached new Table of Contents page is substituted therefor, and subsequent pages are renumbered accordingly.

 IN WITNESS WHEREOF, this Second Amendment of the Plan is, by the authority of the Board of Directors of the Company,
executed on behalf of the Company this 19th day of November    , 2014. 

 

			
	 		WesBanco, Inc.
		
	By:		 /s/ Todd F. Clossin

			Todd F. Clossin, President & CEO

  

	
	 ATTEST:

	
	 /s/ Linda M. Woodfin

	 Secretary

  
 -3-EX-10.24

 EXHIBIT 10.24 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS AGREEMENT, made and entered into this 25th day of February, 2015, by and between WESBANCO BANK, INC., hereinafter referred to as “Bank” and
BERNARD P. TWIGG, hereinafter referred to as “Employee”, and WESBANCO, INC., a West Virginia corporation, hereinafter referred to as “Wesbanco”. 

WHEREAS, Employee is serving as an executive officer of the Bank as of the date hereof pursuant to an Employment Agreement dated
the 7th day of July, 2003, providing for a revolving three (3) year term of employment expiring as of the date hereof (the “Agreement”), and 
 WHEREAS, the parties wish to amend the Agreement by changing the duties and responsibilities of the Employee and adjusting his compensation to permit him to serve as Executive Vice President –
Director of Community Affairs, with reduced responsibilities from his current position. 
 WITNESSETH THAT: In
consideration of the mutual promises and undertakings hereinafter set forth, the parties hereto agree as follows: 
 1.
OFFER OF EMPLOYMENT. The Bank agrees to, and hereby does, continue the employment of Employee at Wesbanco and the Bank as Executive Vice President – Director Community Affairs. In that capacity, Employee shall be answerable
to the Board of Directors of Wesbanco, the parent company of the Bank, the Board of Directors of the Bank, and the Chief Executive Officer of Wesbanco. Employee shall perform such duties, compatible with his employment under this Agreement, as the
Board of Directors of the Bank, Wesbanco, and the Chief Executive Officer of Wesbanco, from time to time may assign to him. 

 2. COMPENSATION. As compensation for the performance of the services specified
in Paragraph (1) and the observance of all of the provisions of this Agreement, the Bank agrees to pay Employee, and Employee agrees to accept, the following amounts and benefits during his term of employment: 

(A) Salary at a rate to be determined by the Board of Directors of the Bank, with notice to be given to employee in May
of each calendar year, but in no event shall Employee’s salary be less than One Hundred Fifty Thousand Dollars ($150,000.00) per year, plus any increases granted by the Board of Directors after the date hereof, and payable in equal biweekly
installments; 
 (B) Participation in the Wesbanco, Inc. Key Executive Bonus, Option and Restricted Stock Plan,
Annual Incentive Award, at 35% of the base compensation as set forth in Paragraph (A) hereof based upon performance metrics as determined annually by the Compensation Committee of the Board of Directors; 

(C) Participation in such annual awards of Stock Options and Restricted Stock as may be granted by the Compensation
Committee each year; and 
 (D) Such other miscellaneous benefits and perquisites as the Bank provides to its
executive employees generally. 
 3. ACCEPTANCE OF EMPLOYMENT. Employee accepts the employment provided for
herein, at the salary set forth above, and agrees to devote his talents and best efforts to the diligent, faithful, and efficient discharge of the duties of his employment, and in furtherance of the operations and best interests of Bank, and observe
and abide by all rules and regulations promulgated by Bank for the guidance and direction of its employees and the conduct of its business, operations, and activities. 

  
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 4. TERM OF AGREEMENT. The employment term provided for
herein shall consist of a revolving period of three years, with the initial term beginning on the 1st day of March, 2015, and ending on the 28th day of February, 2018. The term of this Agreement shall automatically be extended on each anniversary of the
beginning date of the term hereof for an additional one year, thereby creating a new three year term, unless written notice of termination hereof is given by either party at least ninety (90) days prior to the anniversary date of the beginning
date of this Agreement. Any such notice of non-renewal shall not affect the continuation of the term of this Agreement existing at the time of such non-renewal. 
 5. CONFIDENTIALITY. Employee agrees that such information concerning the business, affairs, and records of Bank as he may acquire in the course of, or as incident to, his employment
hereunder, shall be regarded and treated as being of a confidential nature, and that he will not disclose any such information to any person, firm, or corporation, for his own benefit or to the detriment of Bank, during the term of his employment
under this Agreement or at any time following the termination thereof. 
 6. MISCELLANEOUS BENEFITS. This
Agreement is not intended, and shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, pension, profit sharing, insurance, hospital, bonus, vacation, or
other plan or plans which may now be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period
of his employment. 

  
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 7. BINDING EFFECT. This Agreement shall inure to the benefit of and be binding
upon Bank’s successors and assigns, including, without limitation, any company or corporation which may acquire substantially all of Bank’s assets or business, or with, or into which Bank may be merged or otherwise consolidated.

 8. TERMINATION. The Employee’s employment hereunder shall terminate upon the earliest to occur of any one
of the following: 
 (A) The expiration of the initial term of this Agreement, or any extended term of this
Agreement by written notice of termination as provided in Paragraph (4) hereof; or 
 (B) By the Bank for
cause, after thirty (30) days written notice to Employee. Cause for purposes of this Agreement shall mean as follows: 
 (i) An act of dishonesty, willful disloyalty or fraud by the Employee that the Bank determines is detrimental to the best interests of the Bank; or 

(ii) The Employee’s continuing inattention to, neglect of, or inability to perform, the duties to be performed under
this Agreement, or 
 (iii) Any other breach of the Employee’s covenants contained herein or of any of the
other terms and provisions of this Agreement, or 
 (iv) The deliberate and intentional engaging by the Employee
in gross misconduct which is materially and demonstrably injurious to the Bank. 

  
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 (C) Employee shall have the right to terminate this Agreement and his active
employment hereunder at any time upon ninety (90) days written notice to the Bank. 
 (D) Upon the death of
Employee, this Agreement shall automatically terminate. 
 9. EFFECT OF TERMINATION. In the event of a termination
of this Agreement, Employee shall be paid the following severance benefits, payable promptly after the date of termination of his employment, in the following manner: 

(A) In the event that this Agreement is terminated by the death of Employee, this Agreement shall be deemed to have been
terminated as of the date of such death except, however, that Bank shall pay to the surviving spouse of Employee, or in lieu thereof, to Employee’s estate, an amount equal to six months of the base salary at his then current base rate.

 (B) In the event that this Agreement is terminated by Employee and Bank by mutual agreement, then Bank shall
pay such severance benefits, if any, as shall have been agreed upon by Bank and Employee. 
 (C) In the event
that Bank attempts to terminate this Agreement, other than for cause, death of Employee, or by mutual agreement with Employee, in addition to any other rights or remedies which Employee may have, Employee shall receive an amount equal to the greater
of (i) six months of base salary at his then current base rate, or (ii) the base salary Employee would have received had he continued to be employed pursuant to this Agreement throughout the end of the then existing term of employment
hereunder. 

  
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 (D) In the event Bank terminates this Agreement for cause, no severance
benefits shall be payable hereunder. 
 10. ENTIRE UNDERSTANDING; AMENDMENT. This Agreement supersedes all
previous agreements between Employee and Bank and contains the entire understanding and agreement between the parties with respect to the subject matter hereof, and cannot be amended, modified, or supplemented in any respect except by a subsequent
written agreement executed by both parties. 
 11. APPLICABLE LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of West Virginia. 
 12. CERTAIN OBLIGATIONS OF WESBANCO. While
the parties acknowledge that certain provisions of this Agreement may be unenforceable in some respects against the Bank, pursuant to applicable banking law, it is nonetheless the intention of the parties to create pursuant to this Agreement a valid
employment for a definite term with specified benefits. As an inducement for Employee and Bank to enter into this Agreement whereby Employee would be employed by Bank for a definite term, Wesbanco hereby undertakes the independent, separate and
unconditional obligation to Employee to pay all amounts which are or may become due to Employee under this Agreement as set forth herein, regardless of the status of the direct or indirect enforceability or validity of Bank’s obligation to pay
any or all such amounts as may be due hereunder to Employee; provided, however, that for purposes of this Paragraph 12, Wesbanco shall be obligated to the Employee for any bonuses or any increases in base salary in excess of the rate of One Hundred
Fifty Thousand Dollars ($150,000.00) per annum only to the extent that it has consented to such bonuses or increases. Wesbanco also acknowledges that it may or may not be entitled to indemnification or contribution from Bank or to be subrogated to

  
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the claim of Employee hereunder for any payments Wesbanco may make to Employee; and Wesbanco hereby specifically waives any rights it may otherwise have to indemnification or contribution from
Bank or to be subrogated to the claim of Employee hereunder in the event that such payments as are made by Wesbanco would be unenforceable or invalid for any reason against Bank. 

13. MISCELLANEOUS. The invalidity or unenforceability of any term or provision of this Agreement as against any one or more
parties hereto, shall not impair or effect the other provisions hereof or the enforceability of said term or provision against the other parties hereto, and notwithstanding any such invalidity or unenforceability, each term or provision hereof shall
remain in full force and effect to the full extent consistent with law. 
 IN WITNESS WHEREOF, Bank and Wesbanco have
caused these presents to be signed and their corporate seals to be hereto affixed, and Employee has hereto affixed his signature, at Wheeling, WV, as of the day and year first above written. 

 

									
		 		 		 	WESBANCO BANK, INC.
					
		 		 		 	By	 	Todd F. Clossin
		 		 		 		 	    Its President and CEO
				
	ATTEST:	 		 		 	
					
	/s/	 	Linda M. Woodfin	 		 		 	
		 	    Secretary	 		 		 	
					
		 		 		 	/s/	 	Bernard P. Twigg
		 		 		 	BERNARD P. TWIGG
				
		 		 		 	WESBANCO, INC.
					
		 		 		 	By	 	Todd F. Clossin
		 		 		 		 	    Its President and CEO
				
	ATTEST:	 		 		 	
					
	/s/	 	Linda M. Woodfin	 		 		 	
		 	    Secretary	 		 		 	

  
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