Document:

Thirteenth Amendment of Taylor Capital Group, Inc. Employee Stock Ownership Plan

 EXHIBIT 10.55 
 RESOLUTIONS 
 WHEREAS, the Board of Directors (the “Board”) of Taylor Capital
Group, Inc., a Delaware corporation, duly organized and validly existing under the law of the State of Delaware (the “Corporation”) has determined that the Taylor Capital Group, Inc. Employee Stock Ownership Plan (the “Plan”)
should be terminated; and 
 WHEREAS, the Corporation (through action of its Board or the Executive Committee of the Board) has the
right to amend the Plan, as described in Section 17.1 of the Plan, and the Corporation has the right to terminate the Plan, as described in Section 17.2 of the Plan; 
 NOW, THEREFORE, BE IT RESOLVED, that the thirteenth amendment to the Plan is hereby approved and adopted, substantially in the form attached
hereto as Exhibit A, effective May 31, 2008; 
 FURTHER RESOLVED, that the members of the Board are authorized and
directed to take all actions they deem necessary or desirable to effect the foregoing resolution, including executing such documents as are necessary to effect such amendment and termination of the Plan; and 
 FURTHER RESOLVED, that the appropriate officers of the Corporation are hereby authorized and directed to take all actions that in their judgment
or the judgment of legal counsel are necessary or advisable to carry out the purposes and intent of these resolutions, including, but not limited to, such other amendments of the Plan as may be necessary to preserve the tax-qualified status of the
Plan under Section 401(a) of the Internal Revenue Code of 1986, as amended. 
 *    *    *    *    * 
 I, Melvin E. Pearl, member of the Board of
Directors of Taylor Capital Group, Inc., a Delaware Corporation, hereby certify that the foregoing is a true copy of the resolutions adopted by the Board at a meeting held May 8, 2008, properly called which a quorum was present that these
resolutions has not been canceled or changed. 
 Dated this 19th of June 2008. 
  

	
	 /s/ Melvin E. Pearl

	Melvin E. Pearl
	As Board Member as aforesaid

 Exhibit A 
 Thirteenth Amendment to the 
 Taylor Capital Group, Inc. Employee Stock Ownership Plan

 THIRTEENTH AMENDMENT OF THE 
 TAYLOR CAPITAL GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 
 WHEREAS, the
Corporation has determined that the Plan should be terminated; 
 WHEREAS, the Corporation (through action of its Board of Directors
(the “Board”) has the right to amend the Plan, as described in Section 17.1 of the Plan, and the Corporation has the right to terminate the Plan, as described in Section 17.2 of the Plan. 
 NOW, THEREFORE, effective May 31, 2008, the Plan is hereby terminated and amended as follows to reflect such termination: 
 I. 
 Effective May 31, 2008, a
new Section 20 shall be added at the end of the Plan to read in its entirety as follows: 
 “SECTION 20. 

CESSATION OF ACCRUALS AND CONTRIBUTIONS; 
 PLAN TERMINATION 
  

	20.1	Special Definitions 

 For purposes of this Article 20, the following
terms shall have the following definitions: 
  

	 	(a)	“Participant Accounts” means any account maintained under the Plan in the name of an individual participant and listed in Section 6.1. 

  

	 	(b)	“Plan Termination Effective Date” means May 31, 2008. 

  

	20.2	Plan Termination 

 Upon the Plan Termination Effective Date, the
Plan shall terminate. Upon such termination and notwithstanding any provision of the Plan to the contrary (a) all Participant Accounts shall become 100% vested, if not so vested already, and shall not thereafter be subject to forfeiture,
(b) for each inactive participant, any amounts forfeited under subsection 10.4 shall be restored to such participant’s Participant Accounts if the unforfeited balance of such participant’s Participant Accounts has not otherwise been
fully distributed to the participant prior to the Plan Termination Effective Date, (c) all distributions from the Plan shall thereafter be made in cash and Company Stock, as contemplated by Section 11 of the Plan (with the exception of a
Participant’s Drovers account balance, which will be distributed in accordance with the provisions of Supplement A), and (d) the Plan and Trust shall continue in effect solely for the purpose of making final distributions to participants
therefrom in accordance with this Section 20 and applicable law and to pay any outstanding expenses or obligations related thereto. The Plan and Trust shall not continue indefinitely as a “wasting trust.” The Company and the Committee
shall continue to be empowered to take such actions as are necessary and appropriate to effectuate the lawful and orderly liquidation of the Plan after its termination. 

	20.3	Cessation of Eligibility 

 Notwithstanding any provision of the Plan
to the contrary, no person shall become a participant or recommence participation in the Plan after the Plan Termination Effective Date. 
  

	20.4	Cessation of Contributions 

 No additional contributions shall be
made to the Plan for periods commencing after the Plan Termination Effective Date, and no benefits shall accrue under the Plan after the Plan Termination Effective Date. 
  

	20.5	Distributions After Plan Termination 

 No amounts will be
distributed from the Plan until receipt by the Company of the determination letter required by Section 20.6 if such distribution would not have occurred but for the termination of the Plan and this Section 20. Upon receipt of such
determination letter, all account balances will be distributed. 
  

	20.6	Determination Letter 

 As soon as administratively feasible
following the Plan Termination Effective Date, the Company shall submit an application to the Internal Revenue Service (the “IRS”) requesting a favorable determination on IRS Form 5310 with respect to the Plan, as amended and terminated.
Following the date of such submission, the Company will take all reasonable steps necessary to secure the receipt of such determination letter by the Company. 
  

	20.7	Further Amendments 

 An officer of the Company may adopt such
further amendments to the Plan, including amendments to the Plan after the Plan has been terminated as may be deemed necessary, including, but not limited to, such other amendments to the Plan as may be necessary to preserve the tax-qualified status
of the Plan under Section 401(a) of the Code.”Fourteenth Amendment of Taylor Capital Group, Inc. Employee Stock Ownership Plan

 EXHIBIT 10.56 
 FOURTEENTH AMENDMENT 
 OF 
 TAYLOR CAPITAL GROUP, INC. 
 EMPLOYEE STOCK OWNERSHIP PLAN 

 (Effective as of October 1, 1998) 
 WHEREAS, Taylor Capital Group, Inc. (the “Company”) terminated the Taylor Capital Group, Inc. Employee Stock Ownership Plan, effective May 31, 2008 (the “Plan”); and 
 WHEREAS, it is now considered desirable to further amend the Plan to bring the Plan into compliance with the law and to incorporate other changes to the
Plan to reflect the Plan’s termination; 
 NOW, THEREFORE, by virtue of the power reserved to the Company by subsection 17.1 of the
Plan, and in exercise of the authority delegated to members of the Board of Directors of the Company, as authorized and directed by resolutions adopted by the Board of Directors of the Company on May 8, 2008, the Plan is hereby amended,
effective as of the dates specified below, as follows: 
 1. Effective immediately, the Plan is hereby amended by substituting the following for subsection
6.3 of the Plan: 
 “6.3 Accounting Dates; Accounting Period 
 All accounts shall be adjusted as of March 31, 2008 and, thereafter, each December 31 (such date referred to as a “regular accounting
date”). A “special accounting date” is any date designated as such by the Committee and a special accounting date occurring under subsection 17.3. The term “accounting date” includes a regular accounting date and a special
accounting date. Any reference to an “accounting period” shall mean the period since the next preceding accounting date.” 

 2. Effective January 1, 2008, the Plan is hereby amended by inserting the following immediately after the fourth
sentence of subsection 7.1 of the Plan: 
 “Effective January 1, 2008, for purposes of this subsection, 7.1, the term
“compensation” shall include regular pay after a participant’s severance from employment if the participant’s regular working hours, or compensation for services outside the participant’s regular working hours (such as
overtime or shift differential), commissions, bonuses, or other similar payment; and the payment would have been paid prior to the participant’s severance from employment if the participant had continued in employment with the Employer,
provided that such amounts are paid by the later of 2-1/2 months after the severance from employment or by the end of the plan year that includes the severance from employment. Any other payment of compensation paid after the participant’s
severance from employment that is not described above, is not included, even if payment is made within the time period specified above. 
 Compensation for a plan year shall include amounts earned but not paid during the plan year solely because of the timing of pay periods and pay dates, provided the amounts are paid during the first few weeks of the next plan year, the
amounts are included on a uniform and consistent basis with respect to all similarly situated participants, and no compensation is included in more than one plan year. 
 Any amounts received by an employee pursuant to a nonqualified unfunded deferred compensation plan will not be considered compensation in the plan year the amounts are actually received, but only to the extent such
amounts are includible in the employee’s gross income; compensation also excludes amounts that receive special tax benefits, such as premiums for group-term life insurance, but only to the extent that the premiums are not includible in the
gross income of the employee and are not salary reduction amounts that are described in Code Section 125. 
 Compensation does not
include leave cashouts, even if those amounts would have been included had they been paid prior to the participant’s severance from employment, and the amounts are payment for unused accrued bona fide sick, vacation or other leave, and the
participant would have been able to use the leave if employment had continued. 
 Compensation does not include payments to an individual who
does not currently perform services for the Employer by reason of qualified military service (as that term is used in Code Section 414(u)(1)) to the extent those payments do not exceed the amounts the employee would have received if the
employee had continued to perform services for the Employer rather than entering qualified military service. 
 Compensation does not include
compensation paid to a participant who is permanently and totally disabled (as defined in Code Section 22(e)(3)).” 

 3. Effective January 1, 2008, the Plan is hereby amended by adding the following subsection (f) to the end of
subsection 11.5 of the Plan: 
  

	 	“(f)	Non-spouse beneficiary. Notwithstanding any provision to the contrary that would otherwise limit a non-spouse beneficiary’s election under this subsection 11.5,
effective for distributions first occurring on or after January 1, 2008, a non-spouse beneficiary may elect, at the time and in the manner prescribed by the Committee, to have any portion of an eligible rollover distribution that is $200 or
greater paid directly to an individual retirement account described in Code Section 408(a) or an individual retirement annuity described in Code Section 408(b), other than an endowment contract, which has been established by the non-spouse
beneficiary to receive the eligible rollover distribution in accordance with Code Section 402(c)(ii).” 

 II. 

 In all other respects, the Plan shall remain in full force and effect. 
 IN WITNESS WHEREOF, the undersigned member of the Board of Directors of Taylor Capital Group, Inc., a Delaware corporation (the “Corporation”)
has caused the foregoing amendment to be executed this 19th day of June, 2008. 
  

	
	 /s/ Melvin E. Pearl

	 Melvin E. Pearl

	As Board Member as aforesaid

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