Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 112

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 112
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 The Exercise Price shall be determined by the Committee; provided , however , that such purchase price

shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the Grant Date. Subject to the

adjustment allowed in Section 4.2, or as otherwise permissible under this Section 8.3, neither the Committee nor the Board shall

have the authority or discretion to change the Exercise Price of any outstanding Option. With the approval of shareholders, the

Committee or the Board may amend or replace previously granted Options or SARs in a transaction that constitutes “repricing,”

which for this purpose means any of the following or any action that has the same effect: (a) lowering the Exercise Price of an

Option or SAR after it is granted; (b) any other action that is treated as a repricing under generally accepted accounting

principles; (c) cancelling an Option or SAR at a time when its Exercise Price exceeds the Fair Market Value of the underlying

Common Stock, in exchange for another Award, other equity, cash or other property; provided , however , that the foregoing

transactions shall not be deemed a repricing if done pursuant to an adjustment authorized under Section 4.2.

8.4. Vesting . Options shall become vested and exercisable as specified in the applicable Award Agreement.

8.5. Grant of Incentive Stock Options . At the time of the grant of any Option, the Committee may, in its discretion,

designate that such Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Stock Option.

Any Option designated as an Incentive Stock Option:

(a) shall be granted only to an employee of the Company or a Subsidiary under Treasury Regulation §1.421-7(h)

with respect to the Company or any Subsidiary that qualifies as a "subsidiary corporation" with respect to the Company for

purposes of Section 424(f) of the Code. For the avoidance of doubt, individuals who are not subject to United States income

tax shall not be eligible for the grant of Incentive Stock Options and shall instead receive Non-Qualified Stock Options;

(b) shall have an Exercise Price of not less than one hundred percent (100%) of the Fair Market Value of a Share

on the Grant Date, and, if granted to a Greater Than 10% Shareholder, have an Exercise Price not less than one hundred ten

percent (110%)