Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 62

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 62
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 in which the closing date occurs for any coinsurance and deductibles paid prior to the effective time under
an American National benefit plan that provides health care benefits (including medical, dental and vision), to the same extent that such credit was given under the analogous American National benefit plan prior to the effective time, in satisfying
any applicable deductible, coinsurance or maximum out-of-pocket requirements under any new plans, provided that American National’s health insurance administrator,
consultant/broker, and/or medical and dental carrier timely provides Associated’s health insurance administrator, consultant/broker, and/or medical and dental carrier a secured electronic file format (to be agreed by the administrator,
consultant/broker or carrier) that provides the applicable year-to-date deductible and
out-of-pocket expenses incurred by such continuing employee of dependent; and (iii) recognize all service of such employees with American National and its
subsidiaries for all purposes in any new plan to the same extent that such service was taken into account under the analogous American National benefit plan prior to the effective time; provided that the foregoing service recognition will not apply
(A) to the extent it would result in duplication of benefits for the same period of service, (B) for purposes of any defined benefit pension or retiree welfare plan, (C) for purposes of any benefit plan that is a frozen plan or
provides grandfathered benefits, or (D) for purposes of any equity incentive awards granted by Associated.

If requested by
Associated in writing at least five business days prior to the effective time, American National will cause any 401(k) plan it sponsors or maintains (the “American National 401(k) plan”) to be terminated effective as of the day
immediately prior to the effective time and contingent upon the occurrence of the closing. If the American National 401(k) plan is terminated, the continuing employees will be eligible to

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participate, effective as soon as reasonably practicable following the effective time, in a 401(k) plan sponsored or maintained by Associated or one of its subsidiaries (an “Associated
401(k) plan”). American National and Associated have agreed to take any and all actions as may be required, including amendments to the American National 401(k) plan and/or Associated 401(k) plan, to permit the continuing employees who are
then actively employed to make rollover contributions to the Associated 401(k) plan of “eligible rollover distributions” (within the meaning of Section 401(a)(31) of the Code) in the