Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 125

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 125
---
erral in a manner intended to comply with the requirements of Section 409A of the Code, including, without limitation,

the time when an election to defer may be made, the time period of the deferral and the events that would result in payment of

the deferred amount, the interest or other earnings attributable to the deferral and the method of funding, if any, attributable to

the deferred amount.

14.8. Section 409A . To the extent applicable and notwithstanding any other provision of the Plan, the Plan and Award

Agreements hereunder shall be administered, operated and interpreted in accordance with Code Section 409A, including,

without limitation, any regulations or other guidance that may be issued after the date on which the Board approves the Plan;

provided , however , in the event that the Committee determines that any amounts payable hereunder may be taxable to a Grantee

under Code Section 409A prior to the payment and/or delivery to such Grantee of such amount, the Company may (a) adopt

such amendments to the Plan and related Award, and appropriate policies and procedures, including amendments and policies

with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the

benefits provided by the Plan and Awards hereunder, and/or (b) take such other actions as the Committee determines necessary

or appropriate to comply with or exempt the Plan and/or Awards from the requirements of Code Section 409A, including

Department of Treasury guidance and other interpretive materials as may be issued after the date on which the Board approves

the Plan. The Company and its Subsidiaries make no guarantees to any Person regarding the tax treatment of Awards or

payments made under the Plan, and, notwithstanding the above provisions and any agreement or understanding to the contrary,

if any Award, payments or other amounts due to a Grantee (or the Grantee’s Beneficiaries, as applicable) results in, or causes in

any manner, the application of any adverse tax consequence under Code Section 409A or otherwise to be imposed, then the

Grantee (or the Grantee’s Beneficiaries, as applicable) shall be solely liable for the payment of, and the Company and its

Subsidiaries shall have no obligation or liability to pay or reimburse (either directly or otherwise) the Grantee (or the Grantee’s

Beneficiaries, as applicable) for, any such adverse tax consequences. If any Deferred Compensation Award is payable to a

“specified