Amendment to Employment Agreement and Continuation of Family Medical Insurance for Robert G. Jones – Old National Bancorp
This letter agreement between Old National Bancorp and Robert G. Jones confirms that, in addition to his existing compensation through January 31, 2020, Mr. Jones and his spouse will remain eligible for company-sponsored family health and life insurance until both reach age 65, with Mr. Jones responsible for the employee portion of premiums. The agreement also amends his Employment Agreement to clarify his role as executive Chairman and confirms his employment will end January 31, 2020. All other terms of his Employment Agreement remain unchanged.
Exhibit 10.2
Kendra Vanzo
Chief People Officer, EVP
Old National Bancorp
***@***
April 25, 2019
Robert G. Jones
1100 Suwannee Drive
Evansville, IN 47725
Re: Continuation of Family Medical Insurance to Age 65
Dear Mr. Jones:
This letter is to confirm that in addition to the compensation package you will be receiving until the end of January of 2020 pursuant to your current Employment Agreement, you will also remain eligible for Company sponsored family health and life insurance until you and your spouse both attain the age of 65. You will continue to be responsible for the employee pay portion of the insurance.
Effective May 2, 2019, Section 3(i) of your Employment Agreement shall be deleted in its entirety and replaced with the following: “(i) serve as executive Chairman of the Company and in such capacity, shall perform such duties and have such responsibilities as is typical for such position, as well as any other duties as the Board may assign to him from time to time,”.
Consistent with your retirement plans, your employment and the term of your Employment Agreement will end of January 31, 2020.
Except as expressly provided in this letter, all of the terms and provisions of your Employment Agreement are and shall remain in full force and effect and are hereby ratified and confirmed.
/s/ Kendra Vanzo
Kendra Vanzo, Chief People Officer, EVP
Agreed and Accepted to April 25, 2019:
/s/ Robert G. Jones
Robert G. Jones
