Binder to get $1.65 million in agreement - The Business Journal of Milwaukee:

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Binder and Green Bay-based Associated reached the agreementf prior tothe announcement, and the “no-compete” agreemen was filed with the on The agreement notes that the payment is not a “goldenh parachute,” which is prohibited under executive pay guidelines for banks that have takemn capital from the federal Toxicd Assets Relief Program (TARP). Associated Banc-Corp in Novembed 2008 sold $525 million of senior preferresd shares and related common stocjk warrants to the under thefederall government’s voluntary Capital Purchase The SEC filing states that Binderr left the bank “to pursud other interests.
” Binder has for one year after her May 15 “separation to not own, “operate, manage, engage or participate in, consult or render services for, or otherwise assist, in any executive or strategic role” with any persohn who engages in the banking business in Wisconsin or Minnesota and any persojn or entity in the bankinyg industry with corporate headquarters in Wisconsin or Minnesota. Those are the three statees wheredoes business.
Binder also is restrictedd from using her confidential knowledgew ofAssociated Banc-Corp’s business, strategic plans, and customefr relationships to compete with the Binder was one of the highesy profile female executives in the Wisconsin banking industry. She served on the boarxd of Associated Banc-Corp ASBC) and was president and chief operatingt officer ofAssociated Banc-Corp and Associater Bank. She worked at Associated Bank’s downtowj Milwaukee office in the Plaza Eastofficed center, 330 E. Kilbourn Ave. Binder, 52, Binder joined Associated in January 2007.