Common use of Calculation of Performance Clause in Contracts

Calculation of Performance. For each Performance Factor, the performance for Old National and the peer banks will be determined and then ranked. Old National's rank will then be multiplied times the Performance Weight for each Performance Factor, resulting in Old National's Weighted Average Performance Rank. The Weighted Average Performance Rank will be used to determine Old National's Relative Percentile Ranking. The table below shows the percent of the Shares Awarded (Section 1 of Agreement) that may be earned at various percentile rankings: WEIGHTED AVERAGE PERCENTILE RANK VS. % OF SHARES PERFORMANCE PEER GROUP EARNED LEVEL ------------------- ----------- ----------- >= 75% 200% Maximum 70% 180% 65% 160% 60% 140% 55% 120% 50% 100% Target 45% 75% 40% 50% 35% 25% Threshold < 35% 0% If Old National's percentile ranking is between the points shown above, the payout will be interpolated. TIMING FOR AWARD DETERMINATION Once performance for Old National and the Peer Group is known, and the corresponding percentile ranking is calculated, one of the following scenarios will occur:

Calculation of Performance. For each Performance Factor, the performance for Old National and the peer banks will be determined and then ranked. Old National's rank will then be multiplied times the Performance Weight for each Performance Factor, resulting in Old National's Weighted Average Performance Rank. The Weighted Average Performance Rank will be used to determine Old National's Relative Percentile Ranking. The table below shows the percent of the Shares Awarded (Section 1 of Agreement) that may be earned at various percentile rankings: WEIGHTED AVERAGE PERCENTILE RANK VS. % OF SHARES PERFORMANCE PEER GROUP EARNED LEVEL ------------------- ----------- ----------- >> or = 75% 200% Maximum 70% 180% 65% 160% 60% 140% 55% 120% 50% 100% Target 45% 75% 40% 50% 35% 25% Threshold < 35% 0% If Old National's percentile ranking is between the points shown above, the payout will be interpolated. TIMING FOR AWARD DETERMINATION Once performance for Old National and the Peer Group is known, and the corresponding percentile ranking is calculated, one of the following scenarios will occur: