Document:

EX-4(a)

 Exhibit 4(a) 

THIS SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A NOMINEE OF DTC, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO POTASH CORPORATION OF SASKATCHEWAN INC. (“THE
COMPANY”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN
THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
  

			
	No.                 		
		
	Registered		
	CUSIP No.                             		Principal Amount: $                        

 POTASH CORPORATION OF SASKATCHEWAN INC. 

3.000% Notes due April 1, 2025 

POTASH CORPORATION OF SASKATCHEWAN INC., a Canadian corporation (hereinafter called the “Company,” which term shall
include any successor entity under the Indenture), for value received, hereby promises to pay to Cede & Co., as nominee for DTC, or registered assigns, upon presentation, the principal sum of
                     DOLLARS
($                    ) on April 1, 2025 and to pay interest thereon from October 1, 2015 or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, semi-annually in arrears on April 1 and October 1 in each year, commencing October 1, 2015, at the rate of 3.000% per annum, until the entire principal amount hereof is paid
or made available for payment. 

 The interest so payable, and punctually paid or duly provided for on any Interest Payment Date
will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be March 15 or
September 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular
Record Date, and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series not more than 15 days and not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of the principal of, interest on and Additional Amounts, if any, with respect to this global Security will be paid to DTC for
the purpose of permitting DTC to credit the principal and interest received by it in respect of this global Security to the accounts of the beneficial owners thereof; provided, however, that if this Security is not a global Security,
payment of the principal of, interest on and Additional Amounts, if any, with respect to this Security will be made at the office or agency of the Trustee in The City of New York, or elsewhere as provided in the Indenture, in such coin or currency
of the United States of America as at the time of payment is legal tender for payment of public and private debts; and provided, further, that at the option of the Company payment of interest may be made by (a) check mailed to the
address of the Person entitled thereto as such address shall appear in the Security Register or (b) transfer to an account of the Person entitled thereto located inside the United States. 

Additional provisions of this Security are set forth following the signature page hereof, which provisions shall for all purposes have the
same effect as if set forth at this place. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed this 26th day of March, 2015. 
  

			
	POTASH CORPORATION OF SASKATCHEWAN INC.
		
	By:		  

	Name:		Wayne R. Brownlee
	Title:		Executive Vice President, Treasurer and Chief Financial Officer
		
	By:		  

	Name:		Denis A. Sirois
	Title:		Vice President and Corporate Controller

  
 3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one or all of the Securities of the series designated “3.000% Notes due April 1, 2025” pursuant to the within-mentioned
Indenture. 
  

			
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:		  

	Authorized Signatory
	
	Dated: March 26, 2015

  
 4 

 POTASH CORPORATION OF SASKATCHEWAN INC. 

3.000% Notes due April 1, 2025 

This Security is one or all of a duly authorized issue of securities of the Company (herein called the “Securities”)
issued and to be issued in one or more series under an Indenture, dated as of February 27, 2003 (herein called the “Indenture”), between the Company and U.S. Bank National Association (as successor trustee to The Bank of Nova
Scotia Trust Company of New York), as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
Security is one or all of the series designated as the “3.000% Notes due April 1, 2025.” 
 At any time prior to the
Par Call Date (as defined below), the Securities in this series are redeemable, in whole or in part, at the Company’s option at any time and from time to time at a Redemption Price equal to the greater of (i) 100% of the principal amount
of the Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments (as defined below) discounted to the relevant Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Adjusted Treasury Rate (as defined below) plus 20 basis points, together with, in each case, accrued and unpaid interest on the principal amount of the Securities to be redeemed to the Redemption Date. 

At any time on or after the Par Call Date, the Securities in this series will be redeemable in whole or in part, at the Company’s option
at any time and from time to time at a Redemption Price equal to 100% of the principal amount of the Securities to be redeemed plus accrued and unpaid interest on the principal amount of the Securities to be redeemed to the Redemption Date. 

Notwithstanding the foregoing, installments of interest on Securities that are due and payable on Interest Payment Dates falling on or prior
to a Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the Regular Record Date according to the Securities and the Indenture. 

In connection with such optional redemption, the following defined terms apply: 

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual
equivalent yield to maturity (computed as of the third Business Day immediately preceding that Redemption Date) or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as
a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date.  
 “Comparable
Treasury Issue” means the United States Treasury security or securities selected by the Independent Investment Banker that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new
issues of corporate debt 

  
 5 

 
securities of comparable maturity to the remaining term of the Securities to be redeemed (assuming, for this purpose, that the Securities matured on the Par Call Date).  

“Comparable Treasury Price” means, with respect to any Redemption Date, (a) the average of the Reference Treasury Dealer
Quotations for that Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker for the Securities obtains fewer than five such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers appointed by the Company to act as the “Independent Investment Banker.” 
 “Par Call Date” means
January 1, 2025. 
 “Reference Treasury Dealer” means (a) Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Goldman, Sachs & Co., RBC Capital Markets, LLC and HSBC Securities (USA) Inc. and their respective successors and one other nationally recognized investment banking firm that is a primary U.S. Government securities dealer in
New York City (a “Primary Treasury Dealer”) specified from time to time by the Company; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor
another nationally recognized investment banking firm that is a Primary Treasury Dealer or (b) any other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by
such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that Redemption Date. 

“Remaining Scheduled Payments” means, with respect to each Security to be redeemed, the remaining scheduled payments of the
principal thereof and interest thereon that would be due if such Securities matured on the Par Call Date but for such redemption; provided, however, that, if that Redemption Date is not an Interest Payment Date with respect to such
Security, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to that Redemption Date. 

Notice of any redemption will be mailed at least 30 days but not more than 60 days before the Redemption Date to each Holder of the Securities
in this series to be redeemed. On and after any Redemption Date, interest will cease to accrue on the Securities in this series or any portion thereof called for redemption. On or before any Redemption Date, the Company shall deposit with the
Trustee or with a Paying Agent money sufficient to pay the Redemption Price of and accrued interest on the Securities in this series to be redeemed on such date. If less than all the Securities in this series are to be redeemed, the Securities to be
redeemed shall be selected by the Trustee at the Company’s direction by such method as the Company and the Trustee shall deem fair and appropriate. The Redemption Price shall be calculated by the Independent

  
 6 

 
Investment Banker, and the Company, the Trustee and any Paying Agent for the Securities of this series shall be entitled to rely on such calculation. 

The Securities in this series are redeemable, at the Company’s option, at any time as a whole but not in part, upon not less than 30 nor
more than 60 days prior written notice to the Holders (with a copy to the Trustee, Paying Agent and Transfer Agent), at a Redemption Price equal to 100% of the aggregate principal amount of the Securities, plus any Additional Amounts and accrued and
unpaid interest to the Redemption Date (subject to the right of Holders of record on a Regular Record Date to receive interest due on the respective Interest Payment Date), in the event there is a substantial probability that the Company has become
or would become obligated to pay, on the next date on which any amount would be payable with respect to the Securities, any Additional Amounts as a result of (i) an amendment of or change in the laws (including any regulations promulgated
thereunder) of Canada or of any province or territory of Canada or by any authority or agency therein or thereof having the power to tax; or (ii) any change in or amendment to any official position or the introduction of an official position of
a taxing authority, legislative body, court, governmental agency or regulatory authority in Canada or of any province or territory of Canada or by any authority or agency therein or thereof having the power to tax, regarding the application or
interpretation of such laws or regulations (each of (i) and (ii) a “Change in Tax Law”), which change or amendment is publicly announced or becomes effective on or after March 23, 2015 (or the date a party organized in a
jurisdiction other than Canada becomes our successor). 
 The notice of redemption referred to in the proceeding paragraph may not be given
earlier than 90 days prior to the earliest date on which the Company would be obligated to pay such Additional Amounts were a payment in respect of the Securities then due and payable. Any such redemption shall be consummated upon not less than 30
days nor more than 60 days’ prior written notice. 
 Before the Company publishes or mails notice of redemption of the Securities as
described in the two previous paragraphs, the Company will deliver to the Trustee an Officers’ Certificate to the effect that the Company is entitled to redeem the Securities pursuant to the terms of the Indenture and such notice shall not be
effective until the Company delivers to the Trustee an Opinion of Counsel to the effect that there is a substantial probability that Additional Amounts will be payable on the next payment date in respect of the Securities as a result of a Change in
Tax Law. The Company will, prior to or contemporaneously with the publication or mailing of any notice of redemption of any Securities as described in this paragraph and the two previous paragraphs, furnish to the Trustee, Paying Agent and Transfer
Agent a copy of such notice of redemption. 
 If a Change of Control Triggering Event occurs with respect to the Securities, unless the
Company has exercised its right to redeem the Securities as described above, it will be required to make an offer to repurchase all, or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof), of each Holder’s Securities
pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal
amount of Securities repurchased plus accrued and unpaid interest, if any, on the Securities repurchased, to the date of purchase (the “Change of Control Payment”). 

  
 7 

 Within 30 days following any Change of Control Triggering Event, the Company will be required to
mail a notice to Holders of Securities describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Securities on the date specified in the notice, which date will be no earlier
than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required herein and described in such notice. The Company must comply with the
requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection
with the repurchase of the Securities as a result of a Change of Control Triggering Event. To the extent that the provisions of any applicable securities laws or regulations conflict with the Change of Control provisions herein, the Company will be
required to comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control provisions herein by virtue of such conflicts. 

On the Change of Control Payment Date, the Company will be required, to the extent lawful, to: 

(a) accept for payment all Securities or portions of Securities properly tendered pursuant to the Change of Control Offer; 

(b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or portions of Securities
properly tendered; and 
 (c) deliver or cause to be delivered to the Trustee the Securities properly accepted together with an
Officers’ Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company. 

The Paying Agent will be required to mail promptly to each Holder who properly tendered Securities the purchase price for such Securities and
the Trustee will be required to authenticate and mail (or cause to be transferred by book entry) promptly to each such Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if any; provided
that each new Security will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 For purposes of
the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 
 “Below Investment
Grade Rating Event” means the rating on the Securities is changed from an Investment Grade Rating to below an Investment Grade Rating by each of the Rating Agencies (as defined below) on any date from the date of the public notice of an
arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of the Securities is under
publicly announced consideration for possible downgrade by any of the Rating Agencies). 

  
 8 

 “Change of Control” means the occurrence of any of the following: (1) the
direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger, amalgamation, arrangement or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s properties or
assets and those of its subsidiaries taken as a whole to any Person other than the Company or one of its subsidiaries; (2) the consummation of any transaction (including, without limitation, any merger, amalgamation, arrangement or
consolidation) the result of which is that any Person becomes the beneficial owner, directly or indirectly, of more than 50% of the total voting power in the aggregate of all classes of the Company’s voting stock normally entitled to vote in
elections of directors; or (3) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
Event. 
 “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of
Directors who (1) was a member of such Board of Directors on March 23, 2015; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such
Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such
nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s
and BBB- (or the equivalent) by S&P or the equivalent investment grade rating from any additional Rating Agency or Rating Agencies. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Person” means any individual, partnership, corporation, limited liability company, joint stock company, business trust,
trust, unincorporated association, joint venture or other entity, or a government or political subdivision or agency thereof. 

“Rating Agencies” means (1) each of Moody’s and S&P; and (2) if either Moody’s or S&P ceases to
rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the
Exchange Act, selected by the Company (as certified by a resolution of its Board of Directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 

The failure by the Company to comply with its obligations in the event of a Change of Control Triggering Event described above will constitute
an Event of Default with respect to the Securities. 

  
 9 

 The Indenture contains provisions for defeasance of (a) the entire indebtedness of the
Company on this Security and (b) certain restrictive covenants and the related defaults and Events of Default applicable to the Company, in each case, upon compliance by the Company with certain conditions set forth in the Indenture, which
provisions apply to this Security. This Security is not subject to repayment at the Holder’s option. 
 If an Event of Default with
respect to the Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Notwithstanding the previous
sentence, if an Event of Default occurs as a result of the failure by the Company to comply with its obligations in the event of a Change of Control Triggering Event as described above, the principal of, and any premium and accrued interest on the
Securities will become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder of the Securities. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default
and offered the Trustee reasonable indemnity and the Trustee shall not have received from the Holders of a majority in principal amount of the Securities of this series at the time Outstanding a direction inconsistent with such request, and shall
have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of
principal hereof or any interest on or after the respective due dates expressed herein. 
 The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities under the Indenture at any time by the Company and the Trustee with the consent of the Holders
of not less than a majority in principal amount of the Outstanding Securities. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the
Holders of all Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 10 

 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any Place of Payment where the principal of and interest on this Security are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar for the Securities duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one
or more new Securities of this series, of authorized denomination and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of $2,000 and integral multiples
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations set forth therein, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee or any such agent shall be affected by notice to the contrary. 

The obligations of the Company under the Indenture and this Security and all documents delivered in the name of the Company in connection
herewith and therewith do not and shall not constitute personal obligations of the directors, officers, employees, agents or shareholders of the Company or any of them, and shall not involve any claim against or personal liability on the part of any
of them, and all persons including the Trustee shall look solely to the assets of the Company for the payment of any claim thereunder or for the performance thereof and shall not seek recourse against such directors, officers, employees, agents or
shareholders of the Company or any of them or any of their personal assets for such satisfaction. The performance of the obligations of the Company under the Indenture and this Security and all documents delivered in the name of the Company in
connection therewith shall not be deemed a waiver of any rights or powers of the Company or its directors or its shareholders under the Company’s Articles of Continuance. 

All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

The Indenture and the Securities, including this Security, shall be governed by and construed in accordance with the law of the State of New
York. 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused
“CUSIP” numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the 

  
 11 

 
correctness or accuracy of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 12 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby 

sells, assigns and transfers unto 
 PLEASE INSERT
SOCIAL 
 SECURITY OR OTHER IDENTIFYING 
 NUMBER OF ASSIGNEE

  

					
			  
		

  

	
	  

	(Please Print or Typewrite Name and Address, including Zip Code, of Assignee)
	
	  

	the within Security of Potash Corporation of Saskatchewan Inc. and                           hereby does
irrevocably constitute and appoint
	
	  

	Attorney to transfer said Security on the books of the within-named Company with full power of substitution in the premises

			
		
	Dated:		  

			

  

			
	Signature		  

	NOTICE: The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without alteration or enlargement or any change
whatever.

			
		
	Signature Guaranteed:		  

	NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” that is a member or participant in a “signature guarantee program” (e.g., the Securities Transfer Agents
Medallion Program, the Stock Exchange Medallion Program and the New York Stock Exchange Medallion Program).

  
 13EXHIBIT 10.14

 EMPLOYMENT AGREEMENT 

THIS AGREEMENT, made effective as of January 1, 2015 (the “Effective Date”) by and between AMERIANA BANK
(“Ameriana” or the “Bank”), with its principal office in New Castle, Indiana, and DEBORAH C. ROBINSON (“Executive”), an individual residing in the State of Indiana. 

WHEREAS, the Bank wishes to assure itself of the services of Executive for the period provided in this Agreement, and Executive is
willing to serve in the employ of the Bank on a full-time basis for said period; and 
 WHEREAS, the Board of Directors of the Bank
(the “Board”) has determined that the best interests of the Bank would be served by providing Executive with protection and special benefits following any change of control of the Bank; and 

WHEREAS, the Bank desires reasonable protection of its confidential business and customer information which it has developed over the
years at substantial expense and assurance that Executive will not compete with the Bank for a reasonable time after termination of his employment except as otherwise provided herein. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereby agree as follows: 

1. Employment. The Bank agrees to employ Executive, and Executive agrees to remain in the employ of the Bank, for the period
stated in paragraph 3 hereof and upon the other terms and conditions herein provided. 
 2. Position and Responsibilities.
Executive agrees to serve as Executive Vice President and Chief Banking Officer of the Bank for the term and on the conditions hereinafter set forth. Executive agrees to perform such services consistent with her position as shall from time to time
be assigned to her by the Board or the Bank’s CEO. 
 3. Term and Duties. 

(a) Term of Employment. The term of this Agreement shall be for a period of thirty-six (36) months from the Effective Date and
include any extensions thereto. During each calendar year after the Effective Date, the Board shall review the performance of Executive to determine whether or not any adjustments need to be made to the level of compensation being paid to Executive
or the term of this Agreement. 
 (b) Duties. During the period of her employment hereunder and except for illnesses, reasonable
vacation periods and reasonable leaves of absence, Executive shall devote her business time, attention, skill and efforts to the faithful performance of her duties hereunder; provided, however, that with the approval of the Board, from time to time,
Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in 

 
companies or organizations which, in the Board’s judgment, will not present any material conflict of interest with the Bank or any of its subsidiaries or affiliates or divisions, unfavorably
affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation. 
 4.
Compensation and Reimbursement of Expenses. 
 (a) Compensation. The Bank agrees to pay Executive during the term of
this Agreement a salary at the rate of $ 140,000 per annum; provided, however, that the rate of such salary shall be reviewed by the Board not less often than annually. Such rate of salary, or increased rate of salary, if any, as the case may
be, may be further increased (but not decreased) from time to time in such amount as the Board in its discretion may decide. Such salary shall be payable in accordance with the customary payroll practices of the Bank, but in no event less frequently
than monthly, and any bonus shall be payable in the manner specified by a committee of the Board at the time any such bonus is awarded. However, in no event will any bonus be paid by the Bank later than the end of the year following the year in
which the bonus was earned. 
 (b) Reimbursement of Expenses. The Bank shall pay or reimburse Executive for all reasonable travel and
other expenses incurred by Executive in the performance of her obligations under this Agreement in accordance with the Bank’s policy on the date of this Agreement or as approved by the Board. However, in no event will any reimbursement be made
by the Bank later than December 31 of the year following the year in which the expense was incurred. 
 5. Participation in
Benefit Plans. The payments provided in paragraphs 4, 7 and 8 hereof are in addition to any benefits to which Executive may be, or may become, entitled under any group hospitalization, health, dental care, or sick leave plan, life or other
insurance or death benefit plan, travel or accident insurance, or executive contingent compensation plan, including, without limitation, capital accumulation and termination pay programs, restricted stock or stock purchase plan, stock option plan,
retirement income, qualified pension plan, supplemental pension plan (excess benefit plan), supplemental retirement plan, or other present or future group employee benefit plan or program of the Bank for which executives are or shall become
eligible, and Executive shall be eligible to receive during the period of her employment under this Agreement, and during any subsequent period for which he shall be entitled to receive payments from the Bank under paragraph 7 or paragraph 8, all
benefits and emoluments for which executives are eligible under every such plan or program to the extent permissible under the general terms and provisions of such plans or programs and in accordance with the provisions thereof. The foregoing shall
not prohibit the Bank, in its sole discretion, from amending, modifying, freezing, suspending or terminating such plans, if any, from time to time in the future. 

  
 2 

 6. Vacation and Sick Leave. Executive is entitled to take paid vacation time as
follows: 
 (a) Executive shall be entitled to an annual vacation in accordance with the policies periodically established by the Board for
senior management officials of the Bank, which shall in no event be less than four weeks per annum. 
 (b) The timing of vacations shall be
scheduled in a reasonable manner by the Board. Executive shall not be entitled to receive any additional compensation from the Bank on account of her failure to take a vacation; nor shall she be entitled to accumulate unused vacation from one fiscal
year to the next unless otherwise authorized by the Board for senior management officials of the Bank. 
 (c) In addition to the aforesaid
paid vacations, Executive shall be entitled, without loss of pay, to absent herself voluntarily from the performance of her employment with the Bank for such additional periods of time and for such valid and legitimate reasons as the Board in its
discretion may determine. Further, the Board shall be entitled to grant to Executive a leave or leaves of absence with or without pay at such time or times and upon such terms and conditions as the Board in its discretion may determine. Upon
termination of her employment, Executive shall not be entitled to receive any additional compensation from the Bank for unused vacation time. 

(d) In addition, Executive shall be entitled to an annual sick leave as established by the Board for senior management officials of the Bank.
In the event any sick leave time shall not have been used during any year, such leave shall not accrue to subsequent years unless otherwise authorized by the Board. Upon termination of her employment, Executive shall not be entitled to receive any
additional compensation from the Bank for unused sick leave. 
 7. Benefits Payable Upon Disability. 

(a) Primary Disability Benefits. In the event of the disability (as hereinafter defined) of Executive, the Bank shall continue to pay
Executive the monthly compensation provided in paragraph 4 hereof during the period of her disability; provided, however, that in the event Executive is disabled for a continuous period exceeding eighteen (18) calendar months, the Bank may, at
its election, terminate Executive’s employment and this Agreement, in which event Executive shall be entitled to receive the benefits described in paragraph 7(b). 

As used in this Agreement, the term “Disability” or “Disabled” shall mean Executive is: 

(A) Unable, with or without reasonable accommodation, to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or 

(B) By reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, and which cannot be accommodated by reasonable accommodation, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees
of the Bank, or (iv) Executive retires on or after attaining age 65. 

  
 3 

 (b) Secondary Disability Benefits. The Bank shall pay to Executive a monthly disability
benefit equal to sixty percent (60%) of her monthly salary at the time she became Disabled. Payment of such disability benefit shall commence on the last day of the month following the month for which the final payment under paragraph 7(a) was
made and cease with the earliest of (i) the payment for the month in which Executive dies, or (ii) the payment for the twelfth (12th) calendar month following notice of termination pursuant to paragraph 7(a), or (iii) the payment
for the month immediately preceding the date Executive is no longer Disabled. 
 (c) Disability Benefit Offset. Any amounts payable
under paragraph 7(a) or 7(b) shall be reduced by any amounts paid to Executive under any other disability program or insurance maintained by the Bank. 

(d) Services During Disability. During the period Executive is entitled to receive payments under paragraphs 7(a) and (b), Executive
shall, to the extent that she is physically and mentally able to do so, furnish information and assistance to the Bank, and, in addition, upon reasonable request in writing on behalf of the Board, or an executive officer designated by the Board,
from time to time, make herself available to the Bank to undertake reasonable assignments consistent with the dignity, importance, and scope of her prior position and her physical and mental health. During such period of service, Executive shall be
responsible and report to, and be subject to the supervision of, the Board or an executive officer designated by the Board, as to the method and manner in which she shall perform such assignments, subject always to the provisions of this paragraph
7(d), and shall keep such Board, or such executive officer, appropriately informed of her progress in each such assignment. 
 8.
Termination and Termination Payments. 
 (a) Termination. Subject to the continuing obligations of Executive
hereunder, including but not limited to those set forth in paragraph 10, Executive’s employment may be terminated at any time prior to the expiration of the term of this Agreement. Upon the occurrence of an Event of Termination (as defined
below) during the period of Executive’s employment under this Agreement, the provisions of this paragraph 8 shall apply. As used in this Agreement, an “Event of Termination” shall mean termination by the Bank of Executive’s
employment hereunder for any reason other than “cause” (as defined below), Executive retires on or after attaining age 65, or termination due to Executive’s Disability pursuant to paragraph 7. A termination for “cause” shall
include termination because of Executive’s personal dishonesty, incompetence, willful misconduct or gross negligence, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any
law, rule or regulation (other than traffic violations or similar offenses), felony conviction or conviction of any criminal offense which involves dishonesty or breach of trust, willful violation of any requirement of a governmental agency or
authority having jurisdiction over Executive, or material breach of any provision of this Agreement. Executive may terminate this Agreement upon sixty (60) days written notice to the Board. 

  
 4 

 (b) Payments Upon Termination for Cause, or by Executive. . In the event of termination
for cause by the Board, or termination by Executive except for “good reason” as provided in paragraph 8(d), Executive shall have no right to receive compensation or other benefits for any period after such termination. Any benefits payable
under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the date of termination shall be paid when due under those plans. 

(c) Payments Upon Event of Termination Without Change of Control. Subject to the limitations in paragraph 8(h), upon the occurrence of
an Event of Termination other than after a Change of Control (as defined in paragraph 8(e)), the Bank shall pay to Executive monthly, or in the event of her subsequent death, to her designated beneficiary or beneficiaries, or to her estate, as the
case may be, as severance pay or liquidated damages, or both, during the period described below a sum equal to the highest monthly rate of salary paid to Executive at any time under this Agreement. Such payments shall commence on the last day of the
month following the date of said Event of Termination and shall continue until the date this Agreement would have expired but for said occurrence, with such occurrence being viewed as a determination by the Bank not to extend the Agreement as
provided for in paragraph 3 of this Agreement. Notwithstanding the foregoing, in no event shall such payments made pursuant to this subparagraph 8(c) exceed three times the final annual rate of salary being paid to Executive as of the date of
termination. 
 (d) Payments Upon Event of Termination After Change of Control. Subject to the limitations in paragraph 8(h), if,
after a “Change of Control” (as defined in paragraph 8(e)) of the Bank or Ameriana Bancorp (the Bank’s “Parent”), the (i) Bank or its successor shall terminate the employment of Executive during the term of this
Agreement for any reason other than “cause,” as defined in paragraph 8(a), (ii) Executive retires on or after attaining age 65, (iii) Executive terminates employment due to Disability pursuant to paragraph 7, or (iv) the
Bank or its successor materially changes the present capacity or circumstances in which Executive is employed as set forth in paragraph 2 of this Agreement or causes a material reduction in Executive’s responsibilities or authority or
compensation or other benefits provided under this Agreement without Executive’s written consent, which shall constitute “good reason” for termination of this Agreement by Executive. Executive must notify the Parent of the
circumstances giving rise to the “good reason” termination with 90 days of the date Executive learns of the condition giving rise to the termination. The Bank or its successor will have 30 days to cure the existence of the condition and
not be required to make any severance payment pursuant to the paragraph 9(d). In the event of Executive’s termination of employment for a reason provided above, the Bank shall pay to Executive and provide Executive, or her beneficiaries,
dependents or estate, as the case may be, with the following: 
 (i) The Bank shall pay to Executive a sum equal to 2.99 times the average
annual compensation payable by the Bank and includable by Executive in gross income for the most recent five taxable years ending on or before the date on which the ownership or control of the Bank or Parent changed or the portion of this period
during which Executive was an employee of the Bank. Such sum shall be paid in a lump sum by the Bank to Executive within thirty (30) days of the occurrence of the event triggering such payment. 

  
 5 

 (ii) During a period of thirty-six (36) calendar months beginning with the Event of
Termination, Executive, her dependents, beneficiaries and estate shall continue to be covered under all employee benefit plans of the Bank, including without limitation the Bank’s pension plan, as if Executive were still employed during such
period under this Agreement. 
 (iii) If and to the extent that benefits or service credits for benefits provided by paragraph 8(d)(ii) shall
not be payable or provided under any such plans to Executive, her dependents, beneficiaries and estate, by reason of her no longer being an employee of the Bank upon her termination of employment, the Bank shall itself pay or provide for payment of
the value of such benefits and service credits for benefits to Executive, her dependents, beneficiaries and estate. Such sum shall be paid in a lump sum by the Bank to Executive within thirty (30) days of the occurrence of the event triggering
such payment. 
 (iv) If Executive’s benefits commence prior to the normal retirement age under the qualified pension plan or any
successor plan maintained by the Bank and as a result Executive incurs an actuarial reduction in her monthly benefits under such plan, the Bank shall itself pay or provide for payment to Executive the difference between the amount that would have
been paid if the benefits commenced at normal retirement age and the actuarially reduced amount paid upon the early commencement of benefits. Such sum shall be paid in a lump sum by the Bank to Executive within thirty (30) days of the
occurrence of the event triggering such payment. 
 (v) Executive shall not be required to mitigate the amount of any payment provided for in
this Agreement by seeking other employment nor shall any amounts received from other employment by Executive offset in any manner the obligations of the Bank hereunder. 

(vi) Notwithstanding anything contained in this Section 8(d) herein to the contrary, in no event shall payments and benefits made pursuant
to this Section 8(d) be made which would result in such payments being classified as an “excess parachute payment” as such term is defined under Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”). In the event that such payments and benefits, if made, would be considered as an “excess parachute payment”, such payments shall be reduced by such dollar amount as is required so that the total value of such payments
and benefits when made shall not be considered as an “excess parachute payment.” 
 (e) Change of Control. A “Change of
Control” shall mean any one of the following events: (i) the acquisition of ownership, holding or power to vote more than 25% of the Bank’s or the Parent’s voting stock, (ii) the acquisition of the ability to control the
election of a majority of the Bank’s or the Parent’s directors, (iii) the acquisition of a controlling influence over the management or policies of the Bank or the Parent by any person or by persons acting as a “group”
(within the meaning of Section 13(d) of the Securities Exchange Act of 1934), or (iv) during any period of two consecutive years, individuals (the “Continuing Directors”) who at the beginning of such period constitute the Board
or the Parent (the “Existing Board”) cease for any reason to constitute at least two-thirds thereof provided that any individual whose election or nomination for election as a member of the Existing Board was approved by a vote of at least
two-thirds of the Continuing Directors then in office shall be considered a Continuing Director. Notwithstanding the foregoing, ownership or control of the Bank by the Parent itself shall not 

  
 6 

 
constitute a Change of Control. Further, “Change of Control” shall not include the acquisition of securities by an employee benefit plan of the Bank or the Parent. For purposes of this
paragraph only, the term “person” refers to an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically
listed herein. 
 (f) Suspension and Special Regulatory Rules. 

(i) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served
under Section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)), the Bank’s obligations under this contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If
the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its
obligations which were suspended. 
 (ii) If Executive is removed and/or permanently prohibited from participating in the conduct of the
Bank’s affairs by an order issued under Sections 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement shall terminate, as of the effective
date of the order, but the vested rights of the parties shall not be affected. 
 (iii) If the Bank is in default (as defined in
Section 3(x)(1) of FDIA), all obligations under this Agreement shall terminate as of the date of default, but this subparagraph shall not affect any vested rights of the parties. 

(iv) Any payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with 12
U.S.C. Section 1828(k) and any regulations promulgated thereunder. 
 (g) Post-termination Health Insurance. Upon the termination
of Executive’s employment, the Bank shall have no obligation to pay the premiums for medical insurance for Executive or her family after the date of termination. However, if Executive’s employment terminates with the Bank for any reason
other than for cause, Executive shall be entitled to purchase from the Bank, at her own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank maintains for its employees. This right
shall be (i) in addition to, and not in lieu of; any other rights that Executive has under this Agreement and (ii) shall continue until Executive first becomes eligible for participation in Medicare. 

(h) Separation from Service. If Executive qualifies as a Key Employee (as defined in Treasury Regulation Section 1.409A-1(i) at the
time of her Separation from Service (as defined in paragraph 8(h)(i), the Bank may not make a payments of deferred compensation as defined by Treasury Regulation 1.409A-1(b) earlier than six months following the date of Executive’s Separation
from Service (or, if earlier, the date of Executive’s death). Payments to which Executive would otherwise be entitled during the first six months following the date of her Separation from Service will be accumulated and paid to Executive on the
first day of the seventh month following Executive’s Separation from Service. 

  
 7 

	 	(i)	“Separation from Service” means the date on which Executive dies, retires or otherwise experiences a Termination of Employment with the Bank. Provided, however, a Separation from Service does not occur if
Executive is on military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as Executive retains a right to reemployment with the Bank under an applicable statute or by
contract. For purposes of this paragraph 8(h)(i), a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the Bank or Parent. If the period of leave
exceeds six months and Executive does not retain the right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding
the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment
causes Executive to be unable to perform the duties of her position of employment or any substantially similar position of employment, a 29-month period of absence may be substituted for such six-month period. Executive shall incur a
“Termination of Employment” for purposes of this paragraph 8(h)(i) when a termination of employment has occurred under Treasury Regulation 1.409A-1(h)(i). 

9. Source of Payments. All payments provided in paragraphs 4, 7 and 8 shall be paid in cash from the general funds of the Bank,
and no special or separate fund shall be established and no other segregation of assets shall be made to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Bank may make to aid the Bank in
meeting its obligations hereunder. 
 10. Restrictive Covenants. The parties acknowledge and agree that, because
Executive’s position is one of considerable importance and responsibility, requiring substantial experience and the development of confidential relationships and contacts with customers, clients and potential customers and clients of the Bank,
it would require a substantial amount of the Bank’s time and resources to replace Executive in the event Executive, for whatever reason, were to cease being an employee of the Bank. The parties further acknowledge and agree that, because of the
importance and responsibility of Executive’s position, it is vital that the confidentiality of the Bank’s business methods, records and information be protected, and the Bank be protected from competition, solicitation and interference by
Executive for a reasonable time following the termination or expiration of this Agreement or Executive’s employment hereunder for whatever reason. Consequently, and in recognition of the good and valuable consideration received and hereby
acknowledged by Executive, including, but not limited to her continued employment by the Bank, the parties covenant and agree as follows: 

  
 8 

 (a) Confidentiality. During the term Executive’s employment by the Bank and after the
termination or expiration of this Agreement or the termination of Executive’s employment for any reason, Executive will not, directly or indirectly, without the express written consent of the Bank, communicate or divulge to, or use for her own
benefit or for the benefit of any other person, firm, association or corporation, any trade secrets, proprietary data or other confidential information of the Bank or any subsidiary or affiliate of the Bank, communicated to or otherwise learned or
acquired by Executive in the course of her employment with the Bank, except that Executive may disclose such matters to the extent that disclosure is required (i) in the course of the employment relationship with the Bank or (ii) by a
court or other governmental agency of competent jurisdiction. Executive shall not use such trade secrets, proprietary data or other confidential information as long as such matters remain trade secrets, proprietary data or other confidential
information in any way or in any capacity other than as an employee of the Bank and to further the Bank’s interests. 
 (b)
Non-Solicitation. During Executive’s employment and for a period of one (1) year after the termination or expiration of this Agreement or termination of Executive’s employment for any reason, Executive will not, except as an
employee of and on behalf of the Bank in furtherance of the Bank’s business objectives and purposes, directly or indirectly, either for her own benefit or for the benefit of any other person or entity: (i) solicit banking or bank-related
business of any Protected Customers (defined below) of the Bank (with a view towards selling any products or providing services competitive with any products or services sold, provided or proposed to be sold or provided by the Bank or any subsidiary
or affiliate of the Bank) in the Restricted Area (defined below); (ii) assist any competitor of the Bank to provide banking or bank-related services to or solicit the Protected Customers’ banking or bank-related business in the Restricted
Area; or (iii) solicit the employment of (whether as an employee, officer, director, agent, consultant or independent contractor) any person who was or is at any time during the previous twelve (12) months an employee, representative,
officer or director of the Bank or any subsidiary or affiliate of the Bank, or otherwise encourage such person to terminate their employment with the Bank. 

The term “Restricted Area” shall mean any county where the Bank or any affiliate or subsidiary of the Bank has a branch office or in
any contiguous county. The term “Protected Customers” shall mean (i) any customer who purchased any product from, or has conducted any banking business or bank-related services with, the Bank or any affiliate or subsidiary during
Executive’s employment, (ii) any potential customer who has been specifically and directly targeted within the last twelve (12) months by Executive or who Executive was otherwise aware was a target for potential business and/or
(iii) any person or entity which Executive solicited, contacted or otherwise dealt with on behalf of the Bank or any subsidiary or affiliate thereof. 

(c) Non-Compete. During Executive’s employment and for a period of one (1) year after the termination or expiration of this
Agreement or termination of Executive’s employment for any reason, Executive shall not, unless acting with the prior written consent of the Board, directly or indirectly, own, manage, operate, control, finance, be employed by, or participate in
the ownership, management operation or control of, or be connected with as a director, officer, employee, consultant, partner, stockholder (other than to the extent she is a stockholder therein as of the date of this Agreement), and excepting any
ownership, solely as an investment, so long 

  
 9 

 
as Executive is not a member of any control group (within the meaning of the rules and regulations of the Securities and Exchange Commission, Federal Deposit Insurance Corp. or the Federal
Reserve Board of any such issue), any corporation, partnership, association, agency or other entity that engages in any banking or bank-related business or that owns or manages or controls a bank or banks (which includes but is not limited to
mortgage companies, savings and loan associations and savings banks) in the Restricted Area (as defined above). 
 (d) Property. If
Executive’s employment is terminated for any reason, Executive will turn over immediately thereafter to the Bank his business computer and all business correspondence, letters, papers, records, customer lists, financial statements, reports, and
other Bank information, documents and property (and any affiliate or subsidiary), all of which are and will continue to be the sole and exclusive property of the Bank (or any affiliate or subsidiary). 

The parties further acknowledge and agree that they believe the duration, scope and geographic area of the restrictions set forth in this
Paragraph 10 are fair, reasonable and necessary, that adequate consideration has been received by Executive for such restrictions, and that such restrictions will not prevent Executive from earning a livelihood. If, however, a court of competent
jurisdiction determines that any of the restrictions set forth in this Paragraph are unenforceable or unreasonable, whether as to duration, scope or geographic area, the parties hereby grant the court the right and power to interpret, alter, edit,
amend or modify such restrictions and to enforce them to the fullest extent deemed reasonable. The covenants and restrictions set forth in this Paragraph shall survive the expiration or termination of this Agreement and Executive’s employment
by the Bank hereunder, regardless of the reason or cause of or for such expiration or termination. 
 11. Legal Fees. If
a lawsuit is filed regarding the validity or enforcement of this Agreement, the party who obtains a final judgment in its or her favor, in a court of competent jurisdiction, shall be entitled to recover all reasonable legal fees and expenses
incurred in seeking to enforce any right or benefit provided under this Agreement or otherwise pursuing or defending any claim under this Agreement, to the extent permitted by law. 

12. Federal Income Tax Withholding. The Bank shall withhold from any benefits payable under this Agreement all federal, state,
city, or other taxes as shall be required pursuant to any law or governmental regulation or ruling. 
 13. Effect of Prior
Agreements. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreements between the Bank, or any predecessor of the Bank, and Executive. 

14. Consolidation, Merger, or Sale of Assets. Nothing in this Agreement shall preclude the Bank from consolidating or merging
into or with, or transferring all or substantially all of its assets to another corporation which assumes this Agreement and all obligations and undertakings of the Bank hereunder. Upon such a consolidation, merger or transfer of assets or
assumption, the term “the Bank” as used herein, shall mean such other corporation and this Agreement shall continue in full force and effect. 

  
 10 

 15. General Provisions. 

(a) Nonassignability. Neither this Agreement nor any right or interest hereunder shall be assignable by Executive, her beneficiaries, or
legal representatives without the Bank’s prior written consent; provided, however, that nothing in this paragraph 15(a) shall preclude (i) Executive from designating a beneficiary to receive any benefits payable hereunder upon her death or
(ii) the executors, administrators, or other legal representatives of Executive or her estate from assigning any rights hereunder to the person or persons entitled thereto. 

(b) No Attachment. Except as required by law, no right to receive payment under this Agreement shall be subject to anticipation,
commutation, alienation, sale, assignment, encumbrance, charge, pledge, or by hypothecation or to attachment, levy, or similar process of assignment by operation of law, and any attempt, voluntary or involuntary to effect such action shall be null,
void, and of no effect. 
 (c) Binding Agreement. This Agreement shall be binding upon, and inure to the benefit of, Executive and the
Bank and their respective permitted successors and assigns. 
 16. Modification and Waiver. 

(a) Amendment of Agreement. This Agreement may not be modified or amended except by an instrument in writing signed by the parties
hereto. 
 (b) Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be an estoppel
against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each
waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter of this Agreement, have been made by either party, which have not been set forth expressly in this Agreement. 

17. Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other
provision of this Agreement not held so invalid, and each such other provision shall, to the full extent consistent with law, continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall
in no way affect the rest of such provision, which, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect. If this Agreement is held invalid or cannot be enforced, then
to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and Executive shall be deemed reinstated as if this Agreement has not been executed. 

18. Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not control the
meaning or interpretation of any of the provisions of this Agreement. 

  
 11 

 19. Governing Law, Jurisdiction and Venue. This Agreement has been executed
and delivered in the State of Indiana, and its validity, interpretation, performance, and enforcement shall be governed by the laws of said State without reference to the choice of law principles or rules thereof, except to the extent Federal law is
governing. The Bank and Executive agree, by execution of this Agreement, to submit to the jurisdiction of the courts in the State of Indiana. Any dispute arising out of or related to this Agreement shall be adjudicated in either the state courts
located in Henry County, Indiana, or if in federal court, the United States District Court for the Southern District of Indiana, Indianapolis Division. 

20. Review by Counsel, Construction. The parties acknowledge and agree that: (a) this Agreement was drafted by legal
counsel to the Bank (and not as legal counsel to Executive), and was drafted by such legal counsel at the parties’ joint request, and pursuant to their joint instructions; (b) they have carefully read and fully understand the terms,
provisions and legal effect of this Agreement; (c) Executive has been advised to seek, and has had the opportunity to seek, the advice of independent legal counsel prior to and in connection with the execution of this Agreement, and is signing
this Agreement of his own free will, with full knowledge of its significance, and solely in reliance on his own knowledge, belief and judgment; (d) this Agreement represents a negotiated agreement, having been drafted, negotiated, compromised
and agreed upon by the parties and their legal counsel, and therefore, the fact that one party or the other may have been primarily or exclusively responsible for drafting or editing this Agreement shall not, in any dispute over the terms,
construction or meaning of this Agreement, be held, interpreted or construed against such party. 
 IN WITNESS WHEREOF, the
Bank has caused this Agreement to be executed and its seal to be affixed hereunto by its officers thereunto duly authorized, and Executive has signed this Agreement, all as of the day and year first above written. 

 

	
	AMERIANA BANK
	
	/s/ Jerome J. Gassen
	Jerome J. Gassen
	 President and
 Chief Executive
Officer

  

	
	ATTEST:
	
	/s/ Nicole M. Weaver

  

	
	
	/s/ Deborah C. Robinson
	Deborah C. Robinson

  

	
	WITNESS:
	
	/s/ Jeannie A. Burris

  
 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}]]