Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 33

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 33
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ations whether the individual simultaneously commences or remains in employment

or service with Associated or any subsidiary.

Unless the applicable award agreement provides otherwise, in the event of a participant’s termination of service (either

voluntarily by the participant or by us) without cause and not due to death, disability, early retirement or normal retirement,

such participant’s vested stock options or SARs (to the extent exercisable at the time of such termination) will remain

exercisable until 60 days after such termination (but not beyond the original term of the option or SAR) and thereafter will be

canceled and forfeited to us. Unless the applicable award agreement provides otherwise, in the event of a participant’s

termination of service due to early retirement or normal retirement, such participant’s stock options or SARs will become fully

vested and exercisable following such termination, and will remain exercisable for the remainder of their original term. With

respect to stock options and SARs granted pursuant to an award agreement, unless the applicable award agreement provides

otherwise, in the event of a participant’s termination of service due to death or disability, such participant’s stock options or

SARs will vest and remain exercisable until one year after such termination (but not beyond the original term of the option or

SAR), and thereafter will be canceled and forfeited to us. In the event of a participant’s termination of service for cause, such

participant’s outstanding stock options or SARs will immediately be canceled and forfeited to us.

Unless the applicable award agreement provides otherwise, with respect to RSAs, in the event of the participant’s termination

of service for any reason other than death, disability, early retirement or normal retirement, all unvested shares will be forfeited

to us. Unless the applicable award agreement provides otherwise, upon a termination due to the participant’s death, disability,

early retirement or normal retirement, all unvested shares of the RSA will immediately vest.

RSU awards that are subject to the minimum one-year or three-year vesting requirements (described above under Minimum

Vesting) may become vested in connection with a change in control of Associated or upon the participant’s termination of

employment due to early retirement, normal retirement, death or disability, as determined by the Committee or in an applicable

award agreement.

Key Definitions

For purposes of the 2025 Plan, “cause” means (1) commission of an act of fraud, embezzlement or other act of dishonesty that