Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 95

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 95
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 connection with the cancellation and re-pricing of an Option.

2.48. “ Term ” means the period beginning on the Grant Date of an Option or SAR and ending on the date such Option or

SAR expires, terminates or is cancelled.

2.49. “ Termination of Service ” means:

(a) As to a Non-Employee Director, the time when a Grantee who is a Non-Employee Director ceases to be a

Director for any reason, including, without limitation, a termination by resignation, removal, failure to be elected, expiration of

a term where there is a term, death or retirement, but excluding terminations where the Grantee simultaneously commences or

remains in employment or service with the Company or any Subsidiary.

(b) As to any other Grantee, the time when the Services Agreement between a Grantee and the Company or any

Subsidiary is terminated for any reason, including, without limitation, a termination by resignation, discharge, expiration of a

term where there is a term, death, Disability or retirement; but excluding terminations where the Grantee simultaneously

commences or remains in employment or service with the Company or any Subsidiary.

The Committee, in its sole discretion, shall determine the effect of all matters and questions relating to a Termination of

Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for Cause and

all questions of whether particular leaves of absence constitute a Termination of Service; provided, however, that, with respect

to Incentive Stock Options, unless the Committee otherwise provides in the terms of the Award Agreement or otherwise, a

leave of absence, change in status from an employee to an independent contractor or other change in the employee-employer

relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or

other change interrupts employment for the purposes of Section 422(a)(2) of the Code and the then applicable regulations and

revenue rulings under such Code section. For purposes of the Plan, a Grantee’s employee-employer relationship or consultancy

relations shall be deemed to be terminated if the Subsidiary employing or contracting with the Grantee ceases to remain a

Subsidiary following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off).

**Section 3.

Administration**

3.1. Committee .

(a