Document:

EX-10.AV

 Exhibit 10(av) 

OLD NATIONAL BANCORP 

AMENDED AND RESTATED 2008 INCENTIVE COMPENSATION PLAN 

RESTRICTED STOCK AWARD AGREEMENT 
  

 
 THIS AWARD AGREEMENT (the “Agreement”),
made and executed as of January 22, 2015 (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 Amended and Restated 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, the Plan and the Company’s Stock Ownership Guidelines. 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: 
  

			
	 Effective Date
	  	Percent of Restricted Stock
Awarded
	 February 1, 2016
	  	33.3%
	 February 1, 2017
	  	33.3%
	 February 1, 2018
	  	33.4%

 3. Change in Control. If a Change in Control occurs during the Period of Restriction and the
Participant is terminated without “cause” or the Participant terminates for “Good Reason” following the Change in Control, then the Period of Restriction set forth in Section 2 shall lapse. However, if a Change in Control
occurs during the Period of Restriction and the Participant continues as an employee of the Company or its successor following the Change in Control, then the Period of Restriction shall continue to lapse at the times specified in Section 2 of
this Agreement. 

  
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 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: 

 

	 	(c)	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;

  

	 	(d)	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 

  

	 	(e)	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 15.02 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. 

  
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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. 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, and if at the time the Period of Restriction lapses, he or she has not satisfied the Company’s Stock Ownership guidelines, the Participant will continue to hold the Shares received
(net of taxes) following the lapse until such time as the Participant has satisfied the Company’s Stock Ownership requirement. 
 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. 

  
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 16. Effect of Headings and Defined Terms. 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. Unless otherwise stated, terms used in this Agreement will have
the same meaning as specified in the Employment Agreement or Severance and Change in Control Agreement entered into with the Participant. 

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	    		  	
				
	Printed Name:	  	  
	    		  	

  

			
	OLD NATIONAL BANCORP
		
	By:	 	  

		 	Kendra L. Vanzo
		 	EVP, Associate Engagement & Integration
		 	Old National Bancorp

  
 4EX-10.9

 Exhibit 10.9 

EXECUTION COPY 
 SECOND AMENDMENT TO

 RECEIVABLES LOAN, SECURITY AND SERVICING AGREEMENT 

THIS SECOND AMENDMENT TO RECEIVABLES LOAN, SECURITY AND SERVICING AGREEMENT dated as of December 17, 2014 (this
“Amendment”) is entered into among FLOWERS FINANCE II, LLC, a Delaware limited liability company (the “Borrower”), FLOWERS FOODS, INC., a Georgia corporation (the “Servicer”), NIEUW AMSTERDAM
RECEIVABLES CORPORATION, a Delaware corporation, COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK”, NEW YORK BRANCH, as facility agent for the Nieuw Amsterdam Lender Group and as a Committed Lender, and
COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK”, NEW YORK BRANCH, as administrative agent (the “Administrative Agent”) for each of the Lenders (as defined below). 

RECITALS 
 WHEREAS, the
parties refer to that certain Receivables Loan, Security and Servicing Agreement dated as of July 17, 2013, as amended by First Amendment to Receivables Loan, Security and Servicing Agreement dated as of August 7, 2014 (as so amended, the
“Existing Loan Agreement” and, as amended by this Amendment and as otherwise amended, supplemented or modified from time to time, the “Loan Agreement”) among the parties to this Amendment. Unless otherwise provided
elsewhere herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Loan Agreement; and 
 WHEREAS,
the parties to this Amendment have agreed to amend the Existing Loan Agreement on the terms and conditions set forth in this Amendment; 

NOW, THEREFORE, the parties to this Amendment hereby agree as follows: 

SECTION 1. Amendments to Existing Loan Agreement. Effective as of the Effective Date (as defined below), subject to the satisfaction of
the conditions precedent set forth in Section 2 below, the Existing Loan Agreement is hereby amended as follows: 
 (a) The first
sentence of Section 2.06(b) of the Existing Loan Agreement is hereby amended and restated as follows: 
 On each
Settlement Date, the Borrower shall pay to the Facility Agent for each Lender Group, for the account of the Lenders in such Lender Group, an unused fee (the “Unused Fee”) for each day during the related Accrual Period equal to the
product of (x) Unused Fee Rate times (y) the excess, if any, of (i) (A) 102% with respect to Lender Groups that include a Conduit Lender, or 100% with respect to other Lender Groups, of (B) the daily average aggregate
Commitments of the Committed Lenders in such Lender Group during the related Accrual Period over (ii) the daily average Advances of the Lenders in such Lender Group outstanding during such Accrual Period. 

 (b) The last sentence of Section 10.05 of the Existing Loan Agreement is hereby amended and
restated as follows: 
 Notwithstanding the foregoing, without the written consent of each Lender that would be affected
thereby, no amendment, waiver or consent shall be effective if the effect thereof would extend the scheduled final maturity of any Advance, waive, reduce or postpone any scheduled repayment; reduce the rate of interest on any Advance or any fee
payable hereunder; extend the time for payment of any such interest or fees; reduce the principal amount of any Advance; amend the definition of “Majority Facility Agents”; increase the Commitment or Maximum Conduit Lender Advance Amount
of a Lender; extend the scheduled Facility Termination Date; release all or any material portion of the Collateral (except as expressly provided herein) from the Lien created under this Agreement; change the pro rata sharing of payments for the
account of the Lenders required hereby; change the Priority of Payments; or amend the definition of “Net Receivables Balance”, “Required Reserve Percentage”; “Dilution Reserve Percentage”, “Loss Reserve
Percentage”, “Yield and Fee Reserve Percentage”, “Floor Reserve Percentage” or “Eligible Receivable” or any defined term used directly or indirectly in such defined terms. 

SECTION 2. Conditions Precedent. The amendments set forth in Section 1 above shall become effective as of the date hereof
(the “Effective Date”) upon the receipt by the Administrative Agent of counterpart signature pages to this Amendment executed by each of the parties to this Amendment. 

SECTION 3. Representations and Warranties of the Borrower. Each of the Borrower and the Servicer hereby represents and warrants to each
Lender, each Facility Agent and the Administrative Agent that, on and as of the date hereof: 
 (a) This Amendment has been duly executed and
delivered by it, and this Amendment and the Existing Loan Agreement as amended hereby constitute, the legal, valid and binding obligations of it enforceable against it in accordance with their respective terms, subject to bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the rights of creditors generally and to general equitable principles (regardless of whether considered in a proceeding in equity or at law); and 

(b) the representations and warranties of it contained in the Loan Agreement or in the other Transaction Documents to which it is a party are
true and correct in all material respects as of the date hereof, with the same effect as though made on such date (after giving effect to this Amendment), except to the extent such representation or warranty expressly relates only to a prior date.

 SECTION 4. Miscellaneous. 

(a) This Amendment may be amended, modified, terminated or waived only as provided in Section 10.05 of the Loan Agreement. 

(b) Except as expressly modified as contemplated hereby, the Loan Agreement is hereby confirmed to be in full force and effect in accordance
with its terms and is hereby ratified and confirmed. This Amendment is intended by the parties to constitute an 

  
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amendment and modification to, and otherwise to constitute a continuation of, the Loan Agreement, and is not intended by any party and shall not be construed to constitute a novation thereof or
of any obligation of any party thereunder. This Amendment shall constitute a Transaction Document. 
 (c) This Amendment shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns under the Loan Agreement. 
 (d)
This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the
same agreement. Delivery of an executed signature page to this Amendment by facsimile transmission or other electronic image scan transmission shall be effective as delivery of a manually signed counterpart of this Amendment. 

(e) The provisions of this Amendment are intended to be severable. If any provision of this Amendment shall be held invalid or unenforceable
in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability of such provision in any other
jurisdiction or the remaining provisions hereof in any jurisdiction. 
 (f) THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of any New York State or Federal court sitting in New York City in any action or proceeding arising out of or relating to this
Amendment, and each party hereto hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. The parties hereto
hereby irrevocably waive, to the fullest extent they may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding. The parties hereto agree that a final judgment in any such action or proceeding shall
be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (g) EACH OF THE
BORROWER, THE SERVICER, THE ADMINISTRATIVE AGENT, THE FACILITY AGENTS AND THE LENDERS HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO THIS AMENDMENT OR ANY OF THE OTHER TRANSACTION DOCUMENTS OR THE ACTIONS OF THE ADMINISTRATIVE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF OR THEREOF. 

[Signature pages follow] 

  
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 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK”,
NEW YORK BRANCH, as Administrative Agent, Committed Lender and Nieuw Amsterdam Facility Agent

  

			
	By:    		 /s/ Raymond Dizon

			Name: Raymond Dizon
			Title: Executive Director
		
	By:    		 /s/ Stephen G. Adams

			Name: Stephen G. Adams
			Title: Managing Director

 
			
	NIEUW AMSTERDAM RECEIVABLES CORPORATION
		
	By:    		 /s/ Damian Perez

			Name: Damian Perez
			Title: Vice President

 [Signature Page to Second Amendment to Receivables Loan, Security and Servicing Agreement] 

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:    		 /s/ Robin Reeher

			Name: Robin Reeher
			Title: Vice President

 [Signature Page to Second Amendment to Receivables Loan, Security and Servicing Agreement] 

 
			
	FLOWERS FINANCE II, LLC,
	as Borrower
		
	By:    	 	 /s/ Kirk L. Tolbert

		 	Name: Kirk L. Tolbert
		 	Title: President
	
	FLOWERS FOODS, INC.,
	as Servicer
		
	By:    	 	 /s/ Kirk L. Tolbert

		 	Name: Kirk L. Tolbert
		 	Title: Vice President and Treasurer

 [Signature Page to Second Amendment to Receivables Loan, Security and Servicing Agreement]

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