0000950131-96-000334 Sample Contracts

Exhibit 4.11 THE NORTHERN TRUST COMPANY Promissory Note and Security Agreement NORTHERN TRUST THRIFT-INCENTIVE PLAN
Northern Trust Corp • February 8th, 1996 • State commercial banks

The Creditor will withhold the amount of each payment from the Borrower's pay each payday until the loan is paid in full. The Borrower has the right to pay this loan off in its entirety at any time without penalty. If the Borrower fails to make a payment when due, for any reason ceases to be in the employ of an employer participating in The Thrift-Incentive Plan or at the death of the Borrower the entire balance together will all accrued interest shall, at our option, become immediately due and payable without notice to Borrower. If the borrower's employment so terminates, the Creditor shall have the right to apply all or any part of the balance of the Borrower's account in The Northern Trust Company Thrift-Incentive Plan to the balance the Borrower owes the Creditor under this note.

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