Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 100

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 100
---
 Award in cash or property other than

Shares, provided that each share of Common Stock made available under this subsection in connection with the forfeiture,

termination, lapse, or satisfaction of Awards other than Options or SARs granted under the 2020 Plan shall increase the number

of shares of Common Stock available under this Plan by 2.8 shares. The combined total of (i), (ii), and (iii) of this Section

4.1(a) shall comprise the total Available Shares. Out of such aggregate, the maximum number of Shares that may be covered by

Options that are designated as “incentive stock options” within the meaning of section 422 of the Code shall not exceed the

Available Shares.

A-7

(b) For purposes of Section 4.1(a), each Share delivered pursuant to the exercise of an Award shall reduce the

Available Shares by one (1) Share. If any Shares subject to an Award granted hereunder are forfeited or such Award otherwise

terminates without the delivery of such Shares, the Shares subject to such Award, to the extent of any such forfeiture or

termination, shall again be available for grant under the Plan. If any Award is settled in cash, the Shares subject to such Award

that are not delivered shall again be available for grants under the Plan. The following Shares may not again be made available

for issuance as Awards under the Plan: (i) Shares not issued or delivered as a result of the net settlement of an outstanding

Option or SAR, (ii) Shares used to pay the Exercise Price or withholding taxes related to an outstanding Award, and (iii) Shares

repurchased on the open market with the proceeds of the Exercise Price. To the extent permitted by applicable law or any stock

exchange rule, Shares granted pursuant to Substitute Awards shall not be counted against Shares available for grant pursuant to

the Plan. Notwithstanding the provisions of this Subsection 4.1(a), no Shares may again be made subject to an Option or

granted if such action would cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of

the Code.

(c) The Committee shall from time to time determine the appropriate methodology for calculating the number of

Shares that have been delivered pursuant to the Plan. Shares delivered pursuant to the Plan may be, in whole or in part,

authorized and unissued Shares, or treasury Shares, including Shares repurchased by the Company for purposes of the Plan.

(d) The maximum