Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 55

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 55
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 in effect as of the date of the Merger Agreement), (ii) amend any American National benefit plan (including any plans, programs, policies, agreements or arrangements adopted or entered into that 
 would be considered an American National benefit plan if in effect as of the date of the Merger Agreement) other than de minimis administrative amendments in the ordinary course of business consistent with past practice that do not increase      
 the cost or expense of maintaining, or increase the benefits payable under, such plan, program, policy or arrangements, (iii) pay, grant, or commit to pay or grant, any American National stock bonus awards or other equity-based awards or         
 increase the amount payable in respect of or under any American National stock bonus awards (including any bonus to cover taxes) except as expressly contemplated by Section 5.2(f) of the American National Disclosure Schedule, (iv) offer an       
 election to receive a cash bonus in lieu of all or any portion of the shares of American National common stock subject to the American National stock bonus award, (v) accelerate the vesting, funding or payment of, or otherwise deviate from the   
 terms provided in the applicable award agreement with respect to the vesting, payment, settlement or exercisability of, any American National stock bonus awards or other equity-based awards, (vi) increase the compensation (including bonus,       
 severance, or termination pay) or other benefits payable to any of their respective current or former employees, officers, directors or independent contractors other than with respect to current employees (but not including the chief executive   
 officer or co-chief executive officer of American National, the chief executive officer or co-chief executive officer of American National Bank or any of their                                                                                       
 respective direct reports), any such increase that (A) on an aggregate basis does not exceed 3.5% of the annual base salary or wage rate of all such employees on the date hereof and (B) on an individual basis does not exceed 5% of the            
 annual base salary or wage rate of such employee on the date hereof, (vii) enter into any collective bargaining agreement or similar agreement or arrangement, (viii) fund or provide any funding for any rabbi trust or similar arrangement,         
 (ix) terminate the employment or services of any employee, officer, director or any independent contractor or consultant whose annual base salary or wage or annual consulting fee is greater than $150,000, in each case other than for cause, or    
 (x) hire or promote any employee,