Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 109

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 109
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escrow or other custodial arrangement by the Secretary of the Company, shall confer on the Grantee all rights of a shareholder

of the Company, except as otherwise provided in the Plan or Award Agreement. At the time of a grant of a Restricted Stock

Award, the Committee may require the payment of cash dividends thereon to be deferred and, if the Committee so determines,

reinvested in additional amounts of Restricted Stock Awards. The Committee may, in its discretion, provide for payment of

interest on deferred cash dividends.

**A-11

Section 7.

Restricted Stock Units**

7.1. Grant of Restricted Stock Units . Subject to and consistent with the provisions of the Plan and applicable requirements

of Code Sections 409A(a)(2), (3) and (4), the Committee is authorized, at any time and from time to time, to grant Restricted

Stock Units to Eligible Persons, in such amount and upon such terms as the Committee shall determine. A Grantee shall have

no voting rights with respect to Restricted Stock Units.

7.2. Award Agreement . Each grant of Restricted Stock Units shall be evidenced by an Award Agreement that shall specify

the restrictions, the number of Shares subject to the Restricted Stock Units granted, and such other provisions not inconsistent

with the Plan or Code Section 409A as the Committee shall determine. The Committee may impose such restrictions on

Restricted Stock Units as it deems appropriate, including time-based restrictions, restrictions based on the achievement of

specific Performance Goals, restrictions based on the occurrence of a specified event, restrictions under securities laws or

pursuant to a regulatory entity with authority over the Company or a Subsidiary, and/or a combination of any of the above,

provided that such restrictions are in accordance with Section 5.3(d) if applicable. Any Restricted Stock Unit Award that

includes the achievement of specific Performance Goals shall be referred to as a Performance Restricted Stock Unit Award

Agreement.

7.3. Dividend Equivalent Units .

(a) Grants of Dividend Equivalent Units . The Committee is authorized to grant Awards of Dividend Equivalent

Units alone or in conjunction with Awards of Restricted Stock Units, on such terms and conditions as the Committee shall

determine in accordance with the Plan and Code Section 409A. Dividend Equivalent Units shall be subject to the same vesting

requirements and conditions that apply to the underlying Award, and shall be settled at the same time as the underlying Award.

Unless otherwise provided in the Award Agreement or in this