Letter of Understanding for CEO May 1 , 2006Employment Agreement • June 2nd, 2006 • Mb Financial Inc /Md • Savings institution, federally chartered • Illinois
As you know, MB Financial, Inc. (“MBFI”), along with its wholly-owned subsidiary, MBFI Acquisition Corp., has entered into an Agreement and Plan of Reorganization (the “Merger Agreement”) with First Oak Brook Bancshares, Inc. (the “Company”) pursuant to which the Company will be merged with and into such subsidiary (the “Merger”). Section 7.16(h) of the Merger Agreement provides that you and MBFI will enter into a letter of understanding relating to your Transitional Employment Agreement and post-Merger employment matters. This letter is that letter of understanding.
