Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 122

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 122
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 for the withholding of federal, state and local

taxes, including payroll taxes, by one or a combination of the following methods:

(i) payment of an amount in cash equal to the amount to be withheld;

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(ii) requesting the Company to withhold from those Shares that would otherwise be received upon

exercise of an Option or a SAR, upon the lapse of restrictions on, or upon settlement of, any other Award, a number of

Shares having a Fair Market Value equal to the amount to be withheld; or

(iii) withholding from any compensation otherwise due to the Grantee.

The Committee in its sole discretion may provide that the maximum amount of tax withholding upon exercise

of an Option or a SAR or in connection with the settlement of any other Award to be satisfied by withholding Shares

pursuant to Subsection 13.1(a)(iii) above shall not exceed the maximum amount of taxes, including payroll taxes,

required to be withheld under federal, state and local law. An election by Grantee under this Section 13.1(a) is

irrevocable. Any fractional share amount and any additional withholding not paid by the withholding or surrender of

Shares must be paid in cash. If no timely election is made, the Grantee must deliver cash to satisfy all tax withholding

requirements, unless otherwise provided in the Award Agreement.

(b) Any Grantee who makes a disqualifying disposition (as described in Section 8.5(f)) or an election under Code

Section 83(b) shall remit to the Company an amount sufficient to satisfy all resulting tax withholding requirements in the same

manner as set forth in Section 13.1(a).

(c) No Award shall be settled, whether in cash or in Shares, unless the applicable tax withholding requirements

have been met to the satisfaction of the Committee.

13.2. Notification under Code Section 83(b) . If the Grantee, in connection with the exercise of any Option, or the grant of a

Restricted Stock Award, makes the election permitted under Code Section 83(b) to include in such Grantee’s gross income in

the year of transfer the amounts specified in Code Section 83(b), then such Grantee shall notify the Company of such election

within ten (10) days of filing the notice of the election with the Internal Revenue Service, in addition to any filing and

notification required pursuant to regulations issued under Code Section 83(b). The Committee may, in connection with the

grant of an