EXECUTIVE EMPLOYMENT AGREEMENTRelease and Severance Agreement • March 8th, 2006 • Privatebancorp Inc • State commercial banks • Illinois
THIS AGREEMENT, made and entered into as of April 6, 2005 (the “Effective Date”), by and among PrivateBancorp, Inc. (hereinafter referred to as “PrivateBancorp”), the direct or indirect subsidiary of PrivateBancorp, Inc. set forth on the signature page hereof (the “Subsidiary” and together with PrivateBancorp, hereinafter sometimes referred to as the “Employer”), and James A. Ruckstaetter (hereinafter called the “Executive”).
