Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 63

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 63
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 form of cash.

Director and Officer Indemnification and Insurance

The Merger Agreement provides that at or prior to the effective time, American shall obtain and fully pay the premium for, and the surviving
corporation shall maintain during the six-year period beginning on the date of the effective time, a “tail” prepaid directors’ and officers’ liability insurance policy or policies, in
each case that (x) provides coverage with respect to claims arising from facts or events which occurred at or prior to the effective time (including the transactions contemplated by the Merger Agreement) and (y) is in effect for a period
of at least six years from and after the effective time; provided that the surviving corporation shall not be required to expend for such extended insurance coverage an amount in excess of 300% of the current annual premium paid as of the date of
the Merger Agreement by the surviving corporation for such insurance. Additionally, the Merger Agreement provides that, for at least six years following the effective time, to the extent permitted under applicable law, the American National articles
and the governing documents of any American National subsidiary, and any indemnification agreement in existence as of the date of the Merger Agreement, the surviving corporation will indemnify and hold harmless and will advance expenses as incurred
by American National’s and its subsidiaries’ present and former directors and officers for costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, damages or liabilities incurred in connection with any
threatened or actual claim, action, suit, proceeding or investigation, whether civil, criminal, administrative or investigative, whether arising before or after the effective time, arising, in whole or in part, out of, or pertaining to, the fact
that such person is or was a director or officer of American National or any of its subsidiaries and pertaining to matters existing or occurring at or prior to the effective time, including the transactions contemplated by the Merger Agreement;
provided that, in the case of advancement of expenses, the American National indemnified party to whom expenses are advanced provides an undertaking (in a reasonable and customary form) to repay such advances if it is ultimately determined that such
American National indemnified party is not entitled to indemnification.

Director Appointment

Effective as of the effective time, the Associated board of directors will be increased by one director and Wende Kotouc, Executive Co-Chairman and Chief Executive Officer of American National Bank and Executive Vice President and a member of the American National board of directors, will be appointed to