Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 105

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 105
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 or a Subsidiary) and is payable in Shares, the restrictions shall

last for no less than one (1) year, or (ii) in the case of an Award that is conditioned solely upon the continuous employment by

the Grantee with the Company or a Subsidiary and is payable in Shares, the restrictions shall last for no less than three (3)

years. Except as otherwise provided pursuant to this Section 5.3 and Section 10, during the mandated one-year and three-year

period of restrictions, as applicable, the Committee may not waive the restrictions for all or any part of such Award.

Notwithstanding the foregoing, the Committee shall have the authority under this Section 5.3(d) to accelerate, vest or waive

restrictions with respect to any Awards (that are subject to the minimum vesting restrictions set forth above) that (A) (exclusive

of the accelerations, vesting and waivers permitted pursuant to clauses (B) and (C) below) do not, in the aggregate, exceed five

percent (5%) of the Available Shares under the Plan (as such number may be adjusted or increased from time to time pursuant

to the Plan), (B) occur in connection with a Change in Control, or (C) occur, with a respect to any Grantee, in connection with

the death, Disability, Early Retirement or Normal Retirement of such Grantee.

(e) Waiver . Notwithstanding anything to the contrary in the Plan, the Committee may in its sole discretion as to

all or part of any Award that is not subject to the one-year or three-year minimum vesting requirements specified in Section

5.3(d), at the time the Award is granted or thereafter, (i) determine that Awards shall become exercisable or vested, or

restrictions shall lapse, (ii) determine that Awards shall continue to become exercisable or vested in full or in installments, or

restrictions shall continue to lapse, after a Termination of Service, (iii) extend the period for exercise of Options or SARs

following a Termination of Service (but not beyond the original Term), or (iv) provide that any Award shall, in whole or in part,

not be forfeited upon such Termination of Service.

5.4. Non-transferability of Awards .

(a) Each Award and each right under any Award shall be exercisable only by the Grantee during the Grantee’s

lifetime, or, if permissible under applicable law