Company: ASB
Filing Date: 2025-05-01
Form Type: S-8
Source: 0001104659-25-043349
Chunk: 2

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-05-01
Form: S-8
Chunk 2
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, whether formal or informal, which involves foreign,
federal, state or local law and which is brought by or in the right of the corporation or by any other person, for all reasonable expenses
incurred in the proceeding if the director or officer was a party because he or she is a director or officer of the corporation. A corporation
is obligated to indemnify a director or officer against liability incurred by the director or officer in a proceeding to which the director
or officer was a party because he or she is a director or officer of the corporation, which liability includes the obligation to pay a
judgment, settlement, penalty, assessment, forfeiture or fine, including any excise tax assessed with respect to an employee benefit plan,
and all reasonable expenses including fees, costs, charges, disbursements, attorney fees and other expenses, unless such liability was
incurred as a result of the breach or failure to perform a duty which the director or officer owes to the corporation and the breach or
failure to perform constitutes: (i) a willful failure to deal fairly with the corporation or its shareholders in connection with
a matter in which the director or officer has a material conflict of interest; (ii) a violation of criminal law, unless the director
or officer had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct
was unlawful; (iii) a transaction from which the director or officer derived an improper personal profit; or (iv) willful misconduct.

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Unless otherwise provided in a corporation’s
articles of incorporation or by-laws, or by written agreement, the director or officer seeking indemnification is entitled to select one
of the following means for determining his or her right to indemnification: (i) by majority vote of a disinterested quorum of the
board of directors, or if such quorum of disinterested directors cannot be obtained, by a majority vote of a committee duly appointed
by the board of directors of two or more disinterested directors; (ii) by independent legal counsel; (iii) by a panel of three
arbitrators; (iv) by affirmative vote of shareholders; (v) by a court; or (vi) with respect to any additional right to
indemnification, by any other method permitted in Section 180.0858 of the WBCL.

Reasonable expenses incurred by a director or officer
who is a party to a proceeding may be paid or reimbursed by