November 14, 2007 Mr. Jay B. Williams PrivateBancorp, Inc. 70 West Madison Suite 200 Chicago, Illinois 60602 Dear Jay:Privatebancorp, Inc • February 29th, 2008 • State commercial banks
Company FiledFebruary 29th, 2008 IndustryPlease find enclosed a term sheet agreement setting forth the terms of your employment and going forward compensation with PrivateBancorp, Inc. (“PrivateBancorp”) and The PrivateBank – Wisconsin (“PrivateBank (Wisconsin)”). This term sheet agreement will replace your existing employment agreement with PrivateBancorp, dated August 6, 2005, upon your acceptance by signature below. As we discussed, your future compensation includes a significant equity award.
November 14, 2007 Mr. Richard C. Jensen PrivateBancorp, Inc. 70 West Madison Suite 200 Chicago, Illinois 60602 Dear Richard:Privatebancorp, Inc • February 29th, 2008 • State commercial banks
Company FiledFebruary 29th, 2008 IndustryPlease find enclosed a term sheet agreement setting forth the terms of your employment and going forward compensation with PrivateBancorp, Inc. (“PrivateBancorp”) and The PrivateBank (St. Louis) (“PrivateBank (St. Louis)”). This term sheet agreement will replace your existing employment agreement with PrivateBancorp and PrivateBank (St. Louis), dated October 1, 2003, upon your acceptance by signature below. As we discussed, your future compensation includes a significant equity award.