Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 106

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 106
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, by the Grantee’s guardian or legal representative.

(b) No Award (prior to the time, if applicable, Shares are delivered in respect of such Award), and no right under

any Award, may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Grantee other than

by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale,

transfer or encumbrance shall be void and unenforceable against the Company or any Subsidiary; provided, however, that the

designation of a Beneficiary to receive benefits in the event of the Grantee’s death, or a transfer by the Grantee to the Company

with respect to the Restricted Stock Award, shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or

encumbrance for purposes of this Section 5.4(b). If so determined by the Committee, a Grantee may, in the manner established

by the Committee, designate a Beneficiary or Beneficiaries to exercise the rights of the Grantee, and to receive any distribution

with respect to any Award upon the death of the Grantee. A transferee, Beneficiary, guardian, legal representative or other

Person claiming any rights under the Plan from or through any Grantee shall be subject to the provisions of the Plan and any

applicable Award Agreement, except to the extent the Plan and Award Agreement otherwise provide with respect to such

Persons, and to any additional restrictions or limitations deemed necessary or appropriate by the Committee.

(c) Notwithstanding Sections 5.4(a) and 5.4(b) above, to the extent provided in the applicable Award Agreement,

Non-Qualified Stock Options may be transferred, without consideration, to a Permitted Transferee. Such Award may be

exercised by such Permitted Transferee in accordance with the terms of such Award.

(d) Nothing herein shall be construed as requiring the Committee to honor the order of a domestic relations court

regarding an Award, except to the extent required under applicable law.

5.5. Cancellation and Rescission of Awards . Unless the Award Agreement specifies otherwise, the Committee may cancel,

rescind, suspend, withhold or otherwise limit or restrict any unexercised or unsettled Award at any time if the Grantee is not in

compliance with all applicable provisions of the Award Agreement and the Plan, or is in