Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 60

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 60
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 and authorizations of all third parties and
governmental entities necessary or advisable to consummate the transactions contemplated by the Merger Agreement and each party will keep the other apprised of the status of matters relating to completion of the transactions contemplated in the
Merger Agreement. Each party shall consult with the other in advance of any communication, meeting or conference with any governmental entity in connection with the transactions contemplated by the Merger Agreement and, to the extent permitted by
such governmental entity, give the other party and/or its counsel the opportunity to attend and participate in such communications, meetings and conferences. In furtherance of the foregoing, each of Associated and American National has agreed to use
its reasonable best efforts to (i) avoid the entry of, or to have vacated, lifted, reversed or overturned any decree, judgment, injunction or other order, whether temporary, preliminary or permanent, that would restrain, prevent or delay the
closing, (ii) avoid or eliminate each and every impediment so as to enable the closing to occur as soon as possible, and (iii) take or commit to take any and all actions and agree to any restrictions or conditions imposed by a requisite
governmental entity in order to obtain the requisite regulatory approvals; provided, however, that, notwithstanding anything in the Merger Agreement to the contrary, Associated will not be required to, and American National will not (without the
written consent of Associated), take any action, or commit to take any action, or agree to any condition or restriction, in order to resolve any objections to the transactions contemplated by the Merger Agreement or in connection with obtaining any
permits, consents, approvals and authorizations of governmental entities that would, individually or in the aggregate, reasonably be likely to result in the imposition of a materially burdensome regulatory condition.

Each of Associated and American National has agreed to promptly advise the other upon receiving any communication from any governmental entity
whose consent or approval is required for consummation of the transactions contemplated by the Merger Agreement that causes such party to believe that there is a reasonable likelihood that any requisite regulatory approval will not be obtained or
that the receipt of any such approval will be materially delayed.

43

Employee Matters

Associated has agreed to provide the employees of American National and its subsidiaries as of the effective time (the “continuing
employees”), for so long as they are employed following the effective time, with the following during the period commencing at the effective time and ending on December 31, 2026: (i