Document:

Exhibit 10.1

 

Mr. Van A. Dukeman

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear Van:

 

As you are aware, First Busey Corporation has
implemented several changes in the executive management of the company.  As part of this management restructuring, on
or about March 31, 2010, your position will remain President and Chief
Executive Officer of First Busey Corporation and your duties will remain the
same with the exception that you will no longer be the President and Chief Executive
Officer of Busey Bank.

 

In this new position you will continue to report to
the board of directors of First Busey. Your compensation and benefits will
remain unchanged at this time, but may change when all management compensation
is reviewed after the end of the first quarter of this year. You will continue
to perform other duties as assigned by the board of directors.

 

Please confirm your acquiescence and agreement to the
changes noted above as though such changes were reflected in your employment
agreement with First Busey by signing below and returning a copy of this letter
to Dave White.  This letter will act as
an addendum to your employment agreement.

 

Thank you for your continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Dave B. White

  
	
   

  	
  Chief Operating Officer

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to the foregoing changes to my
job title and related job duties and responsibilities.

 

 

	
  /s/ Van A. Dukeman

  	
   

  
	
  Van A. DukemanExhibit 10.2

 

Mr. Thomas M. Good

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear Tom:

 

As you are aware, First Busey Corporation has
implemented several changes in the executive management of the company.  As part of this management restructuring, on
or about March 31, 2010, your position will change from Executive Vice
President, Risk Management to Executive Vice President and Senior Business
Lender of the Busey West Region.

 

In this new position you will report to the Executive
Vice President, Business Banking of Busey Bank. 
Your compensation and benefits will remain unchanged at this time, but
may change when all management compensation is reviewed after the end of the
first quarter of this year.  You will
continue to perform other responsibilities assigned by the Chief Executive
Officer or the board of directors.

 

Please confirm your acquiescence and agreement to the
changes noted above as though such changes were reflected in your employment
agreement with First Busey by signing below and returning a copy of this letter
to Dave White.  This letter will act as
an addendum to your employment agreement.

 

Thank you for your continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Van A. Dukeman

  
	
   

  	
  President and CEO

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to the foregoing changes to my
job title and related job duties and responsibilities.

 

 

	
  /s/ Thomas M. Good

  	
   

  
	
  Thomas M. GoodExhibit 10.3

 

Ms. Barbara J. Harrington

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear Barb:

 

As you are aware, First Busey Corporation has
implemented several changes in the executive management of the company.  As part of this management restructuring, on
or about March 31, 2010, your position will change from Executive Vice
President, Chief Financial Officer to Executive Vice President, Chief Risk
Officer of First Busey Corporation and Busey Bank.

 

In this new position you will continue to report to
the President and Chief Executive Officer of First Busey.  Your compensation and benefits will remain
unchanged at this time, but may change when all management compensation is reviewed
after the end of the first quarter of this year.  As Chief Risk Officer, you will have
oversight responsibilities for Internal Audit, Compliance, Loan Review,
Regulatory Compliance and other responsibilities assigned by the Chief
Executive Officer or the board of directors.

 

Please confirm your acquiescence and agreement to the
changes noted above as though such changes were reflected in your employment
agreement with First Busey by signing below and returning a copy of this letter
to Dave White.  This letter will act as
an addendum to your employment agreement.

 

Thank you for your continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Van A. Dukeman

  
	
   

  	
  President and CEO

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to the foregoing changes to my
job title and related job duties and responsibilities.

 

 

	
  /s/ Barbara J. Harrington

  	
   

  
	
  Barbara J. HarringtonExhibit 10.4

 

Mr. Robert F. Plecki, Jr.

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear Bob:

 

As you are aware, First Busey Corporation has
implemented several changes in the executive management of the company.  As part of this management restructuring, on
or about March 31, 2010, your position will change from President-Florida
Region of Busey Bank  to Chief
Credit Officer of First Busey Corporation and Busey Bank  and
President-Florida Region.

 

In this new position you will continue to report to
the President and Chief Executive Officer of First Busey.  Your compensation and benefits will remain
unchanged at this time, but may change when all management compensation is
reviewed after the end of the first quarter of this year.  As Chief Credit Officer, all credit related
functions including retail, business and mortgage underwriting will align under
your leadership as will other responsibilities assigned by the Chief Executive
Officer or the board of directors.

 

Please confirm your acquiescence and agreement to the
changes noted above as though such changes were reflected in your employment
agreement with First Busey by signing below and returning a copy of this letter
to Dave White.  This letter will act as
an addendum to your employment agreement.

 

Thank you for your continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Van A. Dukeman

  
	
   

  	
  President and CEO

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to the foregoing changes to my
job title and related job duties and responsibilities.

 

 

	
  /s/ Robert F. Plecki, Jr.

  	
   

  
	
  Robert F. Plecki, Jr.Exhibit 10.5

 

Mr. Christopher M. Shroyer

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear Chris:

 

As you are aware, First Busey Corporation has
implemented several changes in the executive management of the company.  As part of this management restructuring, on
or about March 31, 2010, your position will change from President-East
Region to President & Chief Executive Officer of Busey Bank.

 

In this new position you will continue to report to
the President and Chief Executive Officer of First Busey.  Your compensation and benefits will remain
unchanged at this time, but may change when all management compensation is
reviewed after the end of the first quarter of this year.  In your new leadership role, you will
continue to serve as the East Region President of Busey Bank.  The Busey East Region includes the
Champaign/Ford and Indianapolis markets. 
You will continue to perform other responsibilities assigned by the
Chief Executive Officer of First Busey or the board of directors.

 

Please confirm your acquiescence and agreement to the
changes noted above as though such changes were reflected in your employment
agreement with First Busey by signing below and returning a copy of this letter
to Dave White.  This letter will act as
an addendum to your employment agreement.

 

Thank you for your continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Van A. Dukeman

  
	
   

  	
  President and CEO

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to the foregoing changes to my
job title and related job duties and responsibilities.

 

 

	
  /s/ Christopher M. Shroyer

  	
   

  
	
  Christopher M. ShroyerExhibit 10.6

 

Mr. N. John Waddock

c/o First Busey
Corporation

100 West University

Champaign, Illinois  61824-4028

 

Dear John:

 

As you are aware, First
Busey Corporation has implemented several changes in the executive management
of the company.  As part of this
management restructuring, on or about March 31, 2010, your position will
change from Executive Vice President, Chief Credit Officer to Executive Vice
President, Business Banking.

 

In this new position you
will report to the President and Chief Executive Officer of Busey Bank.  Your compensation and benefits will remain
unchanged at this time, but may change when all management compensation is
reviewed after the end of the first quarter of this year.  You will assume the new responsibility as
Executive Vice President of the Business Banking business line.  You will continue to perform other duties as
assigned by the Chief Executive Officer or the board of directors.

 

Please confirm your
acquiescence and agreement to the changes noted above as though such changes
were reflected in your employment agreement with First Busey by signing below
and returning a copy of this letter to Dave White.  This letter will act as an addendum to your
employment agreement.

 

Thank you for your
continued efforts.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Van A. Dukeman

  
	
   

  	
  President and CEO

  
	
   

  	
  First Busey Corporation

  

 

 

I understand and agree to
the foregoing changes to my job title and related job duties and
responsibilities.

 

 

	
  /s/ N. John Waddock

  	
   

  
	
  N. John Waddock

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