December 17, 2007 Mr. Gary S. Collins PrivateBancorp, Inc. 70 West Madison Suite 200 Chicago, Illinois 60602Privatebancorp, Inc • March 1st, 2010 • State commercial banks
Please find enclosed a term sheet agreement setting forth the terms of your employment and going forward compensation with PrivateBancorp, Inc. (“PrivateBancorp”) and The PrivateBank and Trust Company (the “Bank”). This term sheet agreement will replace your existing employment agreement with PrivateBancorp and the Bank, dated October 1, 2003, upon your acceptance by signature below. As we discussed, your future compensation includes a significant equity award.
PRIVATEBANCORP, INC. AMENDMENT AGREEMENTAmendment Agreement • March 1st, 2010 • Privatebancorp, Inc • State commercial banks
THIS AMENDMENT AGREEMENT, made and entered into as of January 28, 2010, by and between PrivateBancorp, Inc., a Delaware corporation (the “Company”), and the undersigned employee (“Grantee”) of the Company and/or Subsidiary, for the purpose of amending each agreement evidencing an award of performance shares granted to the undersigned under the Company’s Strategic Long-Term Incentive Compensation Plan (“Strategic LTIP”) and/or 2007 Long-Term Incentive Compensation Plan (“2007 LTIP”) and in effect on the date hereof, amends other Compensation Arrangements (as defined below) and sets forth certain other covenants and agreements of the Company and Grantee. Unless defined herein, capitalized terms used in this Amendment Agreement shall have the same meaning ascribed to them under the Performance Share Award, Strategic LTIP or 2007 LTIP, as applicable.
