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Title: |
Deferred Compensation Plan |
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Entities: |
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Date: |
2005 |
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Size: |
33KB total |
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Price: |
$38 |
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ID: |
#898645 |
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ASSOCIATED BANC-CORP
Restated Effective January 1, 2001
ASSOCIATED BANC-CORP
DEFERRED COMPENSATION PLAN
TABLE OF CONTENTS
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| ARTICLE 1 | ||||
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| ESTABLISHMENT OF PLAN AND PURPOSE | ||||
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1.01 |
Establishment of Plan | 1-1 | ||
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1.02 |
Purpose of Plan | 1-1 | ||
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| ARTICLE 2 | ||||
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| DEFINITIONS AND CONSTRUCTION | ||||
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2.01 |
Definitions | 2-1 | ||
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2.02 |
Construction | 2-2 | ||
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| ARTICLE 3 | ||||
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| ELIGIBILITY | ||||
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3.01 |
Conditions of Eligibility | 3-1 | ||
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3.02 |
Commencement of Participation | 3-1 | ||
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3.03 |
Termination of Participation | 3-1 | ||
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| ARTICLE 4 | ||||
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| DEFERRAL OF COMPENSATION | ||||
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4.01 |
Amount and Manner of Deferral | 4-1 | ||
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4.02 |
Cessation of Deferral | 4-1 |
i
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| ARTICLE 5 | ||||
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| MEMORANDUM ACCOUNT | ||||
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5.01 |
Nature of Account | 5-1 | ||
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5.02 |
Credit to Memorandum Account | 5-1 | ||
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5.03 |
Changes in Memorandum Account | 5-1 | ||
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5.04 |
Valuation of Memorandum Account | 5-2 | ||
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5.05 |
Additional Credit | 5-2 | ||
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| ARTICLE 6 | ||||
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| DISTRIBUTIONS | ||||
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6.01 |
For Reasons Other Than Death | 6-1 | ||
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6.02 |
Upon Death | 6-1 | ||
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6.03 |
Emergencies | 6-3 | ||
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6.04 |
Form of Payment | 6-3 | ||
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| ARTICLE 7 | ||||
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| ADMINISTRATION OF THE PLAN | ||||
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7.01 |
Appointment of Separate Administrator | 7-1 | ||
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7.02 |
Powers and Duties | 7-1 | ||
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7.03 |
Records and Notices | 7-2 | ||
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7.04 |
Compensation and Expenses | 7-2 | ||
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7.05 |
Limitation of Authority | 7-2 | ||
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| ARTICLE 8 | ||||
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| GENERAL PROVISIONS | ||||
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8.01 |
Assignment | 8-1 | ||
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8.02 |
Employment Not Guaranteed by Plan | 8-1 | ||
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8.03 |
Termination and Amendment | 8-1 | ||
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8.04 |
Contingency | 8-1 | ||
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8.05 |
Notice | 8-1 | ||
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8.06 |
Limitation on Liability | 8-2 | ||
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8.07 |
Indemnification | 8-2 | ||
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8.08 |
Headings | 8-2 | ||
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8.09 |
Severability | 8-2 |
ii
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| ARTICLE 9 | ||||
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| MERGER OF FIRST FINANCIAL CORPORATION | ||||
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| DEFERRED COMPENSATION PLAN | ||||
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9.01 |
Introduction | 9-1 | ||
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9.02 |
Merger | 9-1 | ||
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9.03 |
Investment | 9-1 | ||
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9.04 |
Beneficiary Designations | 9-1 | ||
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9.05 |
Distributions | 9-1 |
iii
INTRODUCTION
Effective December 16, 1993, Associated Banc-Corp (the Company) adopted a nonqualified deferred compensation plan (the Plan) to benefit certain of its employees by facilitating the accumulation of funds for their retirement. The Company restated the Plan in its entirety effective January 1, 1996. The Company again restated the Plan in its entirety effective January 1, 2001 to merge another nonqualified plan - the First Financial Corporation Deferred Compensation Plan - into the Plan.
This introduction and the following Articles, as amended from time to time, comprise the Plan.
iv
ASSOCIATED BANC-CORP
DEFERRED COMPENSATION PLAN
ARTICLE 1
Establishment of Plan and Purpose
1.01 Establishment of Plan. Associated Banc-Corp has established the Associated Banc-Corp Deferred Compensation Plan, effective as of December 16, 1993 (the Plan). The Plan was restated in its entirety effective as of January 1, 1996. The Company again restated the Plan in its entirety effective January 1, 2001 to merge another nonqualified plan - the First Financial Corporation Deferred Compensation Plan - into the Plan.
1.02 Purpose of Plan. The Plan shall permit a select group of management and highly compensated employees to enhance the security of themselves and their beneficiaries following the termination of their employment with the Company (as defined herein) by deferring until that time a portion of the compensation which may otherwise be payable to them at an earlier date. By allowing key management employees to participate in the Plan, the Company expects the Plan to benefit it in attracting and retaining the most capable individuals to fill its executive positions.
The parties intend that the arrangements described herein be unfunded for tax purposes and for purposes of Title I in the Employee Retirement Income Security Act, as amended from time to time.
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