Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 103

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 103
---
igibility and General Conditions of Awards**

5.1. Eligibility . Subject to the provisions herein, the Committee may, from time to time, select from among all Eligible

Persons to whom an Award may be granted and the type and amount of each Award. No Eligible Person shall have any right to

be granted an Award pursuant to the Plan.

5.2. Award Agreement . Each Award shall be evidenced by an Award Agreement. To the extent not set forth in the Plan,

the terms and conditions of each Award shall be set forth in an Award Agreement. Award Agreements evidencing Incentive

Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422 of

the Code.

5.3. General Terms and Termination of Service . Except as provided in an Award Agreement or as otherwise provided

below in this Section 5.3, all Options or SARs that have not been exercised, or any other Awards that remain subject to

restrictions or which are not otherwise vested or exercisable, at the time of a Termination of Service shall be cancelled and

forfeited to the Company. Any Restricted Stock Award that is forfeited by the Grantee upon Termination of Service shall be

reacquired by the Company, and the Grantee shall sign any document and take any other action required to assign such Shares

back to the Company.

(a) Options and SARs . Except as otherwise provided in an Award Agreement:

(i) If the Grantee incurs a Termination of Service due to the Grantee’s death or Disability, the Options

or SARs shall become fully vested and exercisable at the time of such Termination of Service, and such Options or

SARs shall remain exercisable for a period of one (1) year from the date of such Termination of Service (but not

beyond the original Term). To the extent the Options or SARs are not exercised at the end of such one (1) year period,

the Options or SARs shall be immediately cancelled and forfeited to the Company.

(ii) If the Grantee incurs a Termination of Service due to the Grantee’s Early Retirement or Normal

Retirement, the Options or SARs shall become fully vested and exercisable at the time of such Termination of Service,

and such Options or SARs shall remain exercisable for the remainder of their original Term.

(iii) If the Grantee either incurs a Termination of Service by