Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 119

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 119
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 the members of the

board of directors (or, for a noncorporate entity, equivalent body or committee) of the entity resulting from such

Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or

of the action of the Board, providing for such Business Combination; or

(iv) The approval by the shareholders of the Company of a complete liquidation or dissolution of the

Company.

(b) with respect to Deferred Compensation Awards, the occurrence of one or more of any of the following:

(i) A Change in the Ownership of the Company . A change in ownership of the Company shall occur on

the date that any one Person, or more than one Person acting as a “Group” (as defined below), acquires ownership of

stock of the Company that, together with stock held by such Person or Group, constitutes more than fifty percent

(50%) of the total fair market value or total voting power of the stock of the Company; provided, however , that, if any

one Person, or more than one Person acting as a Group, is considered to own more than fifty percent (50%) of the total

fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same

Person or Persons is not considered to cause a change in the ownership of the Company.

(ii) A Change in the Effective Control of the Company . A change in the effective control of the

Company occurs on the date that any one Person, or more than one Person acting as a Group, acquires (or has acquired

during the 12-month period ending on the date of the most recent acquisition by such Person or Persons) ownership of

stock of the Company possessing thirty-five percent (35%) or more of the total voting power of the stock of the

Company; provided , however , that, if any one Person, or more than one Person acting as a Group, is considered to

effectively control the Company, the acquisition of additional control of the Company by the same Person or Persons

is not considered a change in the effective control of the Company.

(iii) A Change in the Ownership of a Substantial Portion of the Company’s Assets . A change in the

ownership of a substantial portion of the Company’s assets occurs on the date that any one Person, or more than one

Person acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent