Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 117

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 117
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 as of the date of the Change

in Control, or (b) the price paid per Share as part of the transaction which constitutes the Change in Control.

10.3. Definition of Change in Control . For purposes of this Plan, a Change in Control means:

(a) with respect to Awards other than Deferred Compensation Awards:

(i) An acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)

of the Exchange Act) (for purposes of this Section 10.3, a “ Person ”) of beneficial ownership (within the meaning of

Rule 13d-3 promulgated under the Exchange Act) of 35% or more of either (A) the then-outstanding shares of

common stock of the Company (the “ Outstanding Company Common Stock ”), or (B) the combined voting power of

the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the

“Outstanding Company Voting Securities”); provided, however, that for purposes of this Section 10.3(a)(i), the

following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company, (ii) any

acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or

maintained by the Company or a Subsidiary, or (iv) any acquisition by any entity pursuant to a transaction that

complies with Section 10.3(a)(iii)(A), Section 10.3(a)(iii)(B) and Section 10.3(a)(iii)(C); or

(ii) A change in the composition of the Board such that the individuals who, as of the Effective Date of

this Plan, constitute the Board (the “ Incumbent Board ”) cease for any reason to constitute at least a majority of the

Board; provided, however, that, for purposes of this Section 10.3(a)(ii), any individual who becomes a member of the

Board subsequent to the date of the Effective Date of this Plan whose election, or nomination for election by the

Company’s shareholders, was approved by a vote of at least a majority of those individuals who are members of the

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Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be

considered as though such individual were a member