Document:

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                                                                    Exhibit 10.1

                   2004 BELDEN CDT INC. NON-EMPLOYEE DIRECTOR
                              DEFERRED COMPENSATION
                                      PLAN
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                 2004 BELDEN CDT INC. NON-EMPLOYEE DIRECTOR
                              DEFERRED COMPENSATION
                                      PLAN

Effective as of December 15, 2004, Belden CDT Inc. adopts this 2004 Belden CDT
Inc. Non-Employee Director Deferred Compensation. The Plan affords non-employee
directors the opportunity to defer receipt of all or a portion of their cash
compensation or annual stock award.

                                    ARTICLE I
                                   DEFINITIONS

1.1   CERTAIN DEFINITIONS.

      (a)   CHANGE OF CONTROL. The term "CHANGE OF CONTROL" shall be as defined
            pursuant to the American Jobs Creation Act of 2004 and the
            regulations, rules and guidance issued pursuant thereto by the
            Treasury or the Internal Revenue Service.

      (b)   CODE. The term "CODE" shall mean the Internal Revenue Code of 1986,
            as amended. Reference to a section of the Code shall include such
            section and any comparable section or sections of any future
            legislation that amends, supplements, or supersedes such section.

      (c)   COMMITTEE. The term "COMMITTEE" shall mean the Compensation
            Committee of the Board of Directors of the Company.

      (d)   COMPANY. The term "COMPANY" shall mean Belden CDT Inc., its
            successors, and the surviving corporation resulting from any merger
            of Belden CDT Inc. with any other corporation or corporations.

      (e)   DESIGNATED DATE. The term "DESIGNATED DATE" shall mean (i) the date
            a participating director elects to receive deferred compensation as
            evidenced by a deferral election notice which the director furnishes
            to the Company at the time of making an initial deferral election or
            (ii) absent such designation, on the date of the director's
            separation of service from the Company.

      (f)   EFFECTIVE DATE. The term "EFFECTIVE DATE" shall mean December 15,
            2004.

      (g)   PLAN. The term "PLAN" shall mean this 2004 Belden CDT Inc.
            Non-Employee Deferred Compensation Plan as set forth herein, as
            amended from time to time.

      (h)   STOCK AWARD. The term "STOCK AWARD" shall mean the annual stock
            award made to non-employee directors pursuant to the Cable Design

                                      2004 Belden CDT Inc. Non-Employee Director
                                                      Deferred Compensation Plan
                                                               December 15, 2004
                                                                          Page 1

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            Technologies Corporation 2001 Long-Term Performance Incentive Plan
            or similar plan.

1.2   CONSTRUCTION. Except as otherwise indicated by context, masculine
      terminology used herein also includes the feminine and neuter, and terms
      used in the singular may also include the plural.

                                   ARTICLE II
                  ELECTION TO PARTICIPATE AND INTEREST CREDITS

2.1   ELECTION. Any non-employee director of the Company may defer any of his or
      her annual compensation or Stock Award pursuant to this Plan by making a
      written election to do so no later than December 31 of the year prior to
      the year of service for which the compensation or stock is earned or
      within 30 days of first becoming a director of the Company (the
      "Deadline"). All dividends payable with respect to a deferred Stock Award
      will also be deferred. The director must provide timely written notice of
      the election to the Company.

2.2   CREDITING OF INTEREST EQUIVALENT. On each anniversary of the original
      expected payment date of cash amounts deferred pursuant to Section 2.1
      (which for purposes of this Section 2.2 shall include any dividend
      deferral), the Company shall credit as additional deferred compensation to
      each director who makes a timely deferral election, interest equal to the
      average of the Wachovia Bank average quarterly Prime Rates for the
      preceding calendar year on such deferred cash compensation (including any
      interest previously credited pursuant to this Section 2.2).

                                   ARTICLE III
                           PAYMENT OF DEFERRED AMOUNTS

3.1   PAYMENT GENERALLY. The deferred compensation credited to a director shall
      be paid in cash or shares of stock, as the case may be, to the director in
      one lump sum on the Designated Date. However, in the event of the
      director's death or a Change of Control pursuant to Section 7.2, to the
      extent permitted by the Code (and the regulations, rules and guidance
      issued pursuant thereto), payment of any deferred amount shall be
      accelerated and paid as soon as administratively practicable following the
      Committee's confirmation of such events.

3.2   NO FORFEITURE OF DEFERRED COMPENSATION.  All deferred compensation
      credited to a director shall, in all cases, be nonforfeitable.

                                      2004 Belden CDT Inc. Non-Employee Director
                                                      Deferred Compensation Plan
                                                               December 15, 2004
                                                                          Page 2
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                                    ARTICLE IV
                                  BENEFICIARIES

      A director, by written instrument filed with the Company in such manner
and form as the Company may prescribe, may designate one or more beneficiaries
to receive payment of the director's deferred compensation in the event the
director dies before his or her interest under the Plan is distributed in full.
Any such beneficiary designation may be changed from time to time prior to the
death of the director. In the absence of a beneficiary designation on file with
the Company at the time of the director's death, the deferred compensation
remaining to be paid to the director shall be paid as it becomes due under the
Plan to the executors or administrator of the director's estate.

                                    ARTICLE V
                            ADMINISTRATIVE PROVISIONS

      5.1   POWERS AND RESPONSIBILITIES OF THE COMMITTEE. The Committee shall
            have full power and authority to interpret, construe and administer
            the Plan and its interpretations and constructions hereof, and
            actions hereunder, including the timing, form, amount or recipient
            of any payment to be made hereunder, shall be binding and conclusive
            on all persons for all purposes. The Committee may delegate any of
            its powers, authorities or responsibilities for the operation and
            administration of the Plan to a person other than itself and may
            employ such attorneys, agents or accountants as it may deem
            necessary or advisable to assist it in carrying out its duties
            hereunder.

      5.2   EXPENSES.  The Company shall pay any expenses properly
            incurred incident to the administration, termination or
            protection of the Plan.

                                    ARTICLE VI
                            AMENDMENT AND TERMINATION

      The Company reserves the right to amend or terminate the Plan at any time;
provided, however, that no such action shall adversely affect the rights of any
director with respect to deferred compensation to which he or she is entitled,
unless an equivalent benefit is provided under another plan or program sponsored
by the Company.

                                   ARTICLE VII
                                  MISCELLANEOUS

      7.1   NON-ALIENATION OF BENEFITS. No benefit under the Plan shall in any
            manner be liable for or subject to, the debt, contracts,
            liabilities, engagements or torts of a participating director, nor
            shall it be subject to attachment or legal process for or against a
            participating director, except to the extent as may be required by
            law.

                                      2004 Belden CDT Inc. Non-Employee Director
                                                      Deferred Compensation Plan
                                                               December 15, 2004
                                                                          Page 3
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      7.2   PAYMENT ON CHANGE OF CONTROL. In the event of a Change of Control
            and to the extent the regulations, rules and guidance issued under
            the Code in connection with the definition of Change of Control
            permit, the Company will pay, as soon as practicable after the
            Committee determines a Change of Control has occurred, to all
            participating directors and their beneficiaries the aggregate
            benefits to which they would be entitled pursuant to the terms of
            the Plan as of the date of the Change of Control (whether or not
            they are then entitled to receive such benefits), and thereafter the
            Plan shall terminate.

      7.3   CLAIMS OF OTHER PERSONS. The provisions of the Plan shall in no
            event be construed as giving any person, firm or corporation any
            legal or equitable right as against the Company, its officers,
            employees, or directors, except any such rights as are specifically
            provided for in the Plan or are hereafter created in accordance with
            the terms and provisions of the Plan.

      7.4   SEVERABILITY. The invalidity or unenforceability of any particular
            provision of the Plan shall not affect any other provision hereof,
            and the Plan shall be construed in all respects as if such invalid
            or unenforceable provision were omitted herefrom.

      7.5   GOVERNING LAW.  The provisions of the Plan shall be governed
            and construed in accordance with the laws of the State of
            Delaware.exv10w27

 

EXHIBIT 10.27

Severance Policy

Effective Date:
November 22, 2004

Purpose:

Midwest Banc Holdings, Inc. and its subsidiaries wish to establish uniform guidelines for the
payment of severance in the event of employment separation due to reasons other than cause.
Whether a termination is for “cause” shall be determined by MBHI, in its sole discretion.

Severance Payments:

Senior Vice Presidents and higher will be eligible to receive six (6) months base salary or
one week for every full year of service, whichever is greater.

All other employees will be eligible to receive twelve (12) weeks base salary or one week for every
full year of service, whichever is greater.

How and When Severance will be Paid:

Severance will be paid bi-weekly on Thursdays in conjunction with MBHI’s normal payroll
processing.

Non-compete, Non-solicitation, and Hold Harmless:

Officers will be required to sign an agreement stating they will not solicit customers or
employees of MBHI or any of its subsidiaries for the term of the agreement, which will be the
duration of severance payments.

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