Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 113

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 113
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 of the Fair Market Value of a Share on its Grant Date;

(c) shall have a Term of not more than ten (10) years (five (5) years if the Grantee is a Greater Than 10%

Shareholder) from its Grant Date, and shall be subject to earlier termination as provided herein or in the applicable Award

Agreement;

(d) shall not have an aggregate Fair Market Value (as of the Grant Date) of the Shares with respect to which

Incentive Stock Options (whether granted under the Plan or any other equity incentive plan of the Company or a Subsidiary) are

exercisable for the first time by such Grantee during any calendar year, determined in accordance with the provisions of Code

Section 422, which exceeds $100,000;

(e) shall, if the aggregate Fair Market Value of the Shares (determined on the Grant Date) with respect to the

Current Grant and all Incentive Stock Options previously granted under the Plan or any other equity incentive plan of the

Company or a Subsidiary which are exercisable for the first time during a calendar year would exceed $100,000, be, as to the

portion in excess of $100,000, exercisable as a separate Non-Qualified Stock Option at such date or dates as are provided in the

grant;

(f) shall require the Grantee to notify the Committee of any disposition of any Shares delivered pursuant to the

exercise of the Incentive Stock Option under the circumstances described in Code Section 421(b) (relating to holding periods

and certain disqualifying dispositions), within ten (10) days of such a disqualifying disposition;

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(g) shall by its terms not be assignable or transferable other than by will or the laws of descent and distribution

and may be exercised, during the Grantee’s lifetime, only by the Grantee; provided , however , that the Grantee may, to the

extent provided in the Plan in any manner specified by the Committee, designate in writing a Beneficiary to exercise the

Grantee’s Incentive Stock Option after the Grantee’s death; and

(h) shall, if such Option nevertheless fails to meet the foregoing requirements, or otherwise fails to meet the

requirements of Code Section 422 for an Incentive Stock Option, be treated for all purposes of the Plan, except as otherwise

provided in subsections (d) and (e) above, as a Non-Qual