FORM OF PRIVATEBANCORP, INC. NONQUALIFIED INDUCEMENT TIME-VESTED STOCK OPTION AGREEMENTNonqualified Inducement Time-Vested Stock Option Agreement • February 29th, 2008 • Privatebancorp, Inc • State commercial banks
As an inducement to the undersigned Optionee (“Optionee”) to accept an offer of employment with the Company, this Nonqualified Inducement Stock Option Agreement (this “Agreement”) is made as of the date set forth on the signature page hereof by and between PrivateBancorp, Inc., a Delaware corporation (the “Company”), and the Optionee. Except as otherwise indicated or defined in Section 1 hereof, all words with initial capitals shall have the same meaning as ascribed to them in the PrivateBancorp, Inc. Strategic Long-Term Incentive Compensation Plan (the “Plan”). Optionee acknowledges receipt of a copy of the Plan.
