Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 121

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 121
---
 any federal or state law or regulation or any stock

exchange or automated quotation system on which the Shares may then be listed or quoted or (B) such amendment would

decrease the minimum vesting requirements under Section 5.3(d); and (ii) any Plan amendment or termination will not

impermissibly accelerate the timing of any payments that constitute nonqualified deferred compensation under Code Section

409A and result in adverse tax consequences under Code Section 409A.

(b) Subject to Section 11.2, the Committee may amend the terms of any Award Agreement, prospectively or

retroactively, in accordance with the terms of the Plan.

11.2. Previously Granted Awards . Except as otherwise specifically provided in the Plan (including Sections 3.2(m), 3.2(p),

5.5, 11.1 and this Section 11.2) or an Award Agreement, no termination, amendment or modification of the Plan shall adversely

affect in any material way any Award previously granted under the Plan or an Award Agreement without the written consent of

the Grantee of such Award. Notwithstanding the foregoing, the Board or the Committee (as applicable) shall have the authority

to amend the Plan and outstanding Awards to the extent necessary or advisable to account for changes in applicable law,

regulations, rules or other written guidance (including Compensation Limitations) without a Grantee’s consent.

**Section 12.

Beneficiary Designation**

Each Grantee under the Plan may, from time to time, name any Beneficiary or Beneficiaries (who may be named contingently

or successfully) to receive any benefit under the Plan in case of the Grantee’s death before the Grantee receives any or all of

such benefit. Each such designation shall revoke all prior designations by the same Grantee, shall be in a form prescribed by

the Company, and will be effective only when filed by the Grantee in writing with the Company during the Grantee’s lifetime.

In the absence of any such designation, the Grantee’s estate shall be the Grantee’s Beneficiary.

**Section 13.

Withholding**

13.1. Required Withholding .

(a) The Committee in its sole discretion may provide that when taxes are to be withheld in connection with the

exercise of an Option or a SAR, upon the lapse of restrictions on an Award or upon payment of any benefit or right under the

Plan, the Grantee may be required or may be permitted to elect to make payment