July 7, 2008Board Membership Agreement • November 10th, 2008 • Privatebancorp, Inc • State commercial banks
It is our pleasure to extend to you an offer to become a member of the Board of Directors of PrivateBancorp, Inc. and to become Chairman and a member of the Board of Directors of The PrivateBank and Trust Company. As more fully set forth in the attached term sheet agreement, you will also be a member of various Board committees. As discussed, your compensation includes significant equity awards consistent with our belief that your leadership will help deliver significant long term value for our shareholders. We are very excited about the prospect of having you join our team, and we would like you to start serving on the Boards as soon as possible.
