Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 116

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 116
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 a

Change in Control, and (b) a Grantee’s involuntary Termination of Service (other than due to Cause) that occurs during the two

(2) year period immediately following such Change in Control event, such Award shall become vested, all restrictions shall

lapse and all Performance Goals shall be deemed to be met, as applicable; provided , however , that no payment of an Award

shall be accelerated to the extent such payment would cause such Award to be subject to the adverse tax consequences under

Code Section 409A. The Committee may, in its discretion, include such further provisions and limitations with respect to a

Change in Control in any Award Agreement as it may deem desirable.

10.2. Special Treatment in the Event of a Change in Control . In order to maintain the Grantee’s rights upon a Change in

Control with respect to an Award, the Committee, as constituted before such event, may, in its sole discretion, as to any such

Award, either at the time the Award is made hereunder or any time thereafter: (a) make such adjustment to any such Award

then outstanding as the Committee deems appropriate to reflect such Change in Control; and/or (b) cause any such Award then

outstanding to be assumed, or new rights substituted therefor, by the acquiring or surviving entity after such Change in Control.

Additionally, in the event of any Change in Control with respect to Options and SARs, the Committee, as constituted before

such Change in Control, may, in its sole discretion (except as may be otherwise provided in the Award Agreement): (a) cancel

any outstanding unexercised Options or SARs (whether or not vested) that have an Exercise Price that is greater than the

Change in Control Price (defined below); or (b) cancel any outstanding unexercised Options or SARs (whether or not vested)

that have an Exercise Price that is less than or equal to the Change in Control Price in exchange for a cash payment of an

amount equal to (x) the difference between the Change in Control Price and the Exercise Price, multiplied by (y) the total

number of Shares underlying such Option or SAR that are vested and exercisable at the time of the Change in Control. The

Committee may, in its discretion, include such further provisions and limitations in any Award Agreement as it may deem

desirable. The “Change in Control Price” means the lower of (a) the per-Share Fair Market Value