Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 126

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 126
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 employee” (within the meaning of Treasury Regulation Section 1.409A-1(i)), then such payment, to the extent

payable due to the Grantee’s Termination of Service and not otherwise exempt from Code Section 409A, shall not be paid

before the date that is six (6) months after the date of such Termination of Service (or, if earlier, such Grantee’s death).

14.9. Mitigation of Excise Tax . If any payment or right accruing to a Grantee under the Plan (without the application of this

Section 14.9), either alone or together with other payments or rights accruing to the Grantee from the Company or a Subsidiary,

would constitute a “parachute payment” (as defined in Code Section 280G), such payment or right shall be reduced to the

largest amount or greatest right that will result in no portion of the amount payable or right accruing under the Plan being

subject to an excise tax under Code Section 4999 or being disallowed as a deduction under Code Section 280G. The

determination of whether any reduction in the rights or payments under the Plan is to apply shall be made by the Committee in

good faith after consultation with the Grantee, and such determination shall be conclusive and binding on the Grantee. The

Grantee shall cooperate in good faith with the Committee in making such determination and providing the necessary

information for this purpose. The foregoing provisions of this Section 14.9 shall apply with respect to any Person only if, after

reduction for any applicable federal excise tax imposed by Code Section 4999 and federal income tax imposed by the Code, the

total payments accruing to such Person would be less than the amount of the total payments as reduced, if applicable, under the

foregoing provisions of the Plan and after reduction for only federal income taxes. Notwithstanding the foregoing, in the event

a Grantee is a party to a Services Agreement with the Company or a Subsidiary that provides for more favorable treatment for

the Grantee regarding Code Section 280G, including, but not limited to, the right to receive a gross-up payment for the excise

tax under Code Section 4999, such agreement shall be controlling.

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14.10. No Rights as a Shareholder . No Grantee shall have any rights as a shareholder of the Company with respect to the

Shares (except as provided