Document:

Exhibit 10.1

 

Packaging Corporation of
America

1999 Long-Term
Equity Incentive Plan

 

 

Form
of Stock Option Agreement

(Non-Qualified
Stock Option)

 

By this agreement,
Packaging Corporation of America grants to [NAME] an option to purchase shares of the Company’s common stock,
$.01 par value, subject to the terms and conditions set forth below, in the
attached Plan Prospectus, and in the PCA 1999 Long-Term Equity Incentive Plan,
as may from time to time be amended and/or restated, all of which are an
integral part of this Agreement. A copy of the 1999 Long-Term Equity Incentive
Plan may be obtained from the Company upon request.

 

	
  Grant Date

  
	
  Expiration Date

  
	
  Number of Options Granted

  
	
  Option
  Exercise Price

  

 

This Option shall vest
and become exercisable in installments on the dates specified below:

 

	
   

  	
   

  	
  Vesting

  	
   

  	
  Number of Options

  	
   

  	
  Cumulative

  	
   

  
	
  Years After Grant Date

  	
   

  	
  Percentage

  	
   

  	
  Exercisable

  	
   

  	
  No. of Options

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Less than one
  year

  	
   

  	
  0

  	
  %

  	
   

  	
   

  	
   

  	
   

  
	
  At least 1, but
  less than 2 years

  	
   

  	
  33

  	
  %

  	
   

  	
   

  	
   

  	
   

  
	
  At least 2, but less
  than 3 years

  	
   

  	
  66

  	
  %

  	
   

  	
   

  	
   

  	
   

  
	
  At least 3 years

  	
   

  	
  100

  	
  %

  	
   

  	
   

  	
   

  	
   

  

 

Please indicate your
acceptance of this Agreement by signing in the space provided below and
returning this page to Halane Young, Director of Compensation and HRIS, located
in Lake Forest. A timely return of this document within thirty days is
appreciated.

 

	
   

  	
  Packaging Corporation
  of America

  
	
   

  	
   

  
	
   

  	
  By:

  
	
  Accepted and Agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
  Paul T. Stecko

  
	
   

  	
   

  	
  Chairman of the Board
  and CEO

  
	
   

  	
  DateExhibit
10.2

 

 

Packaging Corporation of
America

1999 Long-Term Equity
Incentive Plan

 

Form of Stock Option Agreement

(Non-Qualified Stock
Option)

 

 

By this agreement, Packaging Corporation of America grants to [NAME] an
option to purchase shares of the Company’s common stock, $.01 par value,
subject to the terms and conditions set forth below, in the attached Plan
Prospectus, and in the PCA 1999 Long-Term Equity Incentive Plan, as may from
time to time be amended, all of which are an integral part of this Agreement.  A copy of the 1999 Long-Term Equity Incentive
Plan may be obtained from the Company upon request.

 

 

	
  Grant Date

  
	
  Expiration Date 

  
	
  Number of Options Granted 

  
	
  Option Exercise Price

  

 

 

This Option shall vest and be fully exercisable in its entirety as of
the date of the option grant.

 

Please indicate your acceptance of this Agreement by signing in the
space provided below and returning this page to Halane Young, Director of
Compensation and HRIS, located in Lake Forest. 
A timely return of this document within thirty days is appreciated.

 

 

 

 

 

 

	
   

  	
   

  	
   

  	
   

  	
  Packaging Corporation of America

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  
	
  Accepted and Agreed:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Paul T. Stecko

  
	
   

  	
   

  	
   

  	
   

  	
  Chairman of the Board and CEO

  
	
  DateExhibit 10.3

 

Packaging Corporation of
America

1999 Long-Term
Equity Incentive Plan

 

Form
of Restricted Stock Award Agreement

 

By this agreement,
Packaging Corporation of America grants to [NAME] the following restricted shares of the Company’s common
stock, $.01 par value, subject to the terms and conditions set forth below, in
the attached Plan Prospectus, and in the PCA 1999 Long-Term Equity Incentive
Plan, as may from time to time be amended and/or restated, all of which are an
integral part of this Agreement. A copy of the 1999 Long-Term Equity Incentive
Plan may be obtained from the Company upon request.

 

	
  Grant Date

  
	
  Number of
  Restricted Shares Awarded  

  
	
  Fair Market Value at Grant

  
	
  Restriction expires.

  

 

Certificates representing
Shares of restricted stock granted under the Plan will be held in escrow by the
Company on the participant’s behalf during any period of restriction and will
bear an appropriate legend specifying the applicable restrictions thereon, and
the participant will be required to execute a blank stock power therefore. During
the period of restriction the participant shall have all of the rights of a
holder of Common Stock, including but not limited to the rights to receive
dividends and to vote, and any stock or other securities received as a
distribution with respect to such participant’s restricted stock shall be
subject to the same restrictions as then in effect for the restricted stock.

 

Except as otherwise
provided by the Board of Directors:

(1)          immediately prior to a Change in Control or at such
time as a participant ceases to be a director, officer, or employee of, or to
otherwise perform services for, the Company and its Subsidiaries due to death
or Disability, during any period of restriction, all restrictions on the shares
granted to the participant shall lapse;

(2)          at such time as a participant ceases to be, or in the
event a participant does not become, a director, officer, or employee of, or
otherwise perform services for, the Company or its Subsidiaries for any other
reason, all shares of restricted stock granted to such participant on which the
restrictions have not lapsed shall be immediately forfeited to the Company.

 

Please indicate your
acceptance of this Agreement by signing in the space provided below and
returning this page to Halane Young, Director of Compensation & HRIS,
located in Lake Forest.

 

	
   

  	
  Packaging
  Corporation of America

  
	
   

  	
   

  
	
   

  	
  By:

  
	
  Accepted
  and Agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
  Paul T. Stecko

  
	
   

  	
   

  	
  Chairman of the Board
  and CEO

  
	
   

  	
  DateEXHIBIT 4.1
 
SPECIMEN STOCK CERTIFICATE OF WEST SUBURBAN BANCORP, INC.
 
Authorized shares 15,000,000 without par value
 
This Certifies that                                                                                              is the owner of                                                                               full paid and non-assessable                                                    COMMON SHARES OF WEST SUBURBAN BANCORP, INC., transferable on the books of the Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed. In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and sealed with the Seal of the Corporation,
 
this                                       day
of                            A.D.           
 
[SPECIMEN]
 

	 
	 
	 

	SECRETARY
	 
	PRESIDENT

 
FOR VALUE RECEIVED,                hereby sell, assign and transfer unto                                                                                                                                                                                                                         Shares represented by the within Certificate, and do hereby irrevocably constitute and appoint                                                                 
Attorney to transfer the said Shares on the books of the within named Corporation with full power of substitution in the premises.
 
Dated                           19      
 
IN PRESENCE OF
 
                                                
                                                 
 
THIS SPACE IS NOT TO BE
COVERED IN ANY WAYEXHIBIT
10.1

 

DEFERRED
COMPENSATION AND

SPLIT-DOLLAR
INSURANCE AGREEMENT

 

Effective the 13th day of November, 1990, West
Suburban Bank, a banking  organization
organized and existing under the laws of the State of Illinois,  hereinafter
referred to as “Corporation” and                                 ,
a Key Employee and Executive of the Corporation, hereinafter referred to as“Executive,” entered into a Deferred
Compensation Agreement. By the terms thereof, the Corporation and the Executive reserved the right to modify
or amend that agreement. By
execution hereof, the Corporation and Executive hereby amend and restate that agreement in its entirety. 

 

The Executive has been in the employ of the
Corporation for several years,  and has now and for years past faithfully
served the Corporation. It is the consensus
of the Board of Directors of the Corporation that Executive’s services have been of exceptional merit, in
excess of the compensation paid and
an invaluable contribution to the profits and position of the Corporationin its field of activity. 

 

It is the mutual desire of the Corporation and
the Executive that Executive  remain in the employ of the Corporation, and to establish a program toprovide supplemental employment benefits
and pre-retirement death benefits for
the Executive. Accordingly, it is the desire of the Corporation and the Executive to enter into this Agreement under
which the Corporation will agree to
make certain payments to Executive upon his employment termination and,  alternatively,
to his beneficiaries in the event of his death while employed by the Corporation. 

 

Therefore, in consideration of Executive’s
services performed in the past and  those to be performed in the future, and based upon the mutual promises
and covenants herein contained,
the Corporation and Executive agree as follows: 

 

I.              ARTICLE ONE - DEFINITIONS

 

A.            EFFECTIVE DATE. The effective date of this
Agreement shall be May 1,  1997. 

 

B.            EMPLOYMENT AGREEMENT. The Employment Agreement
entered into between Executive
and the Corporation dated May 1, 1997, as amended. 

 

II.         ARTICLE TWO - EMPLOYMENT

 

a)             Employment shall be in accordance with the
terms of the Employment Agreement.

 

III.        ARTICLE THREE - DEFERRED COMPENSATION

 

A.            The Corporation shall set aside and accrue to
the benefit of Executive the sum
of the following no later than December 31 of each year subject to the terms set forth in this
Agreement: 

 

1.             A base of Twenty-five Thousand Dollars
($25,000) per year; and

 

2.             Such additional annual deferred compensation
as determined by the Board of
Directors. 

 

3.             In the event Executive becomes entitled to
receive benefits under Article
Five of this Agreement, he shall be entitled to a pro-rata portion of his base benefit based
upon his completed calendar
months of employment for the year of employment termination and any additional annual deferred compensation determined by the Board of Directors.

 

B.            The sum of the above annual set aside, plus
each prior year’s set aside,
shall be referred to as Executive’s Deferred Compensation Account (“EDC Account”). The EDC Account shall
bear annual interest equal to the
one year treasury note constant maturity interest rate published by the Federal Home Loan Bank in
effect on January 1 of each year
(constant one year U.S. Treasury Index per FRB H15).

 

C.            The Corporation may purchase life insurance to
fund all or part of the above EDC
Account and Executive shall execute all reasonable insurance applications to facilitate such
purchase provided,  however, Executive shall have no right, title
or interest in such insurance or
in the EDC Account, unless otherwise provided by the Corporation.

 

 

IV.           ARTICLE FOUR - SPLIT-DOLLAR-LIFE INSURANCE

 

A.            If the Executive is insurable, the Corporation
shall purchase life insurance on
the life of Executive with a minimum death benefit of $
                                
to fund its obligations under this Agreement in the event of the death of Executive before
termination of employment.

 

B.            All premiums due on such insurance shall be
paid by the Corporation.  However, Executive shall be responsible for
the income taxes incurred each
year on the value of the “economic benefit” of the life insurance protection for federal income
tax purposes.

 

C.            All dividends attributable to such life
insurance will be applied to reduce
premiums.

 

D.            The Corporation shall have all ownership
rights under such life insurance,
except Executive shall have the right to designate the beneficiary thereunder.

 

E.             The amount receivable by the Corporation upon
termination of such life
insurance shall be:

 

1.             Upon termination of this Agreement or the
death of Executive,  the Corporation’s share shall be an amount
equal to the greater of the
aggregate premiums paid by the Corporation or the cash value.

 

2.             Upon surrender of such life insurance, the
Corporation’s share shall be an
amount equal to the cash value.

 

3.             For purposes of this Agreement, “aggregate
premiums” shall mean all premiums
paid by the Corporation. Such premiums shall be reduced by any indebtedness and any accrued unpaid interest incurred by the Corporation on the life
insurance and by the amount of
any policy dividends used to reduce or offset such premiums. “Cash value” shall mean the
guaranteed cash value of the life
insurance plus the cash value of any dividend additions as of the date to which premiums have been
paid plus any dividend credits
outstanding, and reduced by any indebtedness and any accrued unpaid interest incurred by the Corporation on the life insurance.

 

F.             Upon Executive’s death, the Corporation and
Executive’s beneficiary shall
execute such forms and furnish such other documents or information as are required to receive payment
under the life insurance.

 

V.         ARTICLE FIVE - BENEFITS

 

a)          The following benefits provided by the Corporation to Executive shall be
available under this Agreement:

 

A.            Executive shall be entitled to receive the
accrued balance in his EDC
Account upon any termination of his employment other than upon death. Such amount shall be paid in the number
of annual installments elected by
Executive. The Board of Directors of the Corporation may at any time accelerate the payment of any outstanding balance.

 

B.            Upon any termination of employment other than
upon death, Executive may elect
to acquire any life insurance maintained by the Corporation under Article Four. In the event of such an election,  any
amount receivable under Section A above shall be reduced by the cash value of such insurance, as defined under
Article Four.

 

C.            In the event of Executive’s death before
termination of employment,  the beneficiary named by Executive shall
receive the death benefit payable
under any life insurance purchased by the Corporation, less an amount equal to the greater of the
aggregate premiums paid by the Corporation
for or the cash value of such insurance, each as defined under Article Four, such benefit payment to be
in full satisfaction of any
amounts due under this Agreement. Notwithstanding the preceding sentence, in the event the death
benefit receivable by the beneficiary
is less than the accrued balance in the EDC Account of Executive, the beneficiary shall receive an
additional amount equal to the
difference between the EDC Account balance and the death benefit receivable.

 

VI.        ARTICLE SIX - RESTRICTIONS UPON DEFERRED
COMPENSATION FUNDING

 

The Corporation shall have no
obligation to set aside, earmark or  entrust any fund or money with which to pay its deferred compensation obligations under this Agreement.
Executive, his beneficiaries or
any successor in interest to him shall be and 

 

 

remain simply a general
creditor of the Corporation in the same  manner as any other creditor having a general claim for matured andunpaid compensation.

 

The Corporation reserves the
absolute right in its sole discretion  to either fund the deferred compensation obligations undertaken by this
Agreement or to refrain from funding the same and to determine the extent, nature and method of such funding.

 

Should Corporation elect to
fund its deferred compensation obligation  under this Agreement, in whole or in part, through the purchase of life
insurance, mutual funds, disability policies or annuities, the Corporation reserves the absolute right, in
its sole discretion, to terminate
such funding at any time, in whole or in part. At no time shall Executive be deemed to have any lien or
right, title or interest in or to
any specific funding investment or to any assets of the Corporation.

 

If Corporation elects to
invest in a life insurance, disability, or  annuity policy upon the life of Executive,
then Executive shall assist the
Corporation by freely submitting to a physical exam and supplying such additional information
necessary to obtain such insurance
or annuities.

 

VII.      ARTICLE SEVEN - MISCELLANEOUS

 

A.            ALIENABILITY AND ASSIGNMENT PROHIBITION. Neither
Executive, his surviving spouse
nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate,  hypothecate,
mortgage, commute, modify or otherwise encumber, in advance, any of the benefits payable hereunder
nor shall any of said benefits be
subject to seizure for the payment of any debts,  judgments,
alimony or separate maintenance owed by the Executive or his beneficiary nor be transferable by
operation of law in the event of
bankruptcy, insolvency or otherwise. In the event Executive or any beneficiary attempts assignment,
commutation, hypothecation,  transfer or disposal of the benefits
hereunder, the Corporation’s liabilities
shall forthwith cease and terminate.

 

B.            BINDING OBLIGATION OF CORPORATION AND ANY
SUCCESSOR IN INTEREST.  Corporation expressly agrees that it shall not
merge or consolidate into or with
another corporation or sell substantially all of its assets to another corporation, firm or person
until such corporation, firm or
person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation underthis Agreement. This Agreement shall be
binding upon the parties hereto,
their successors, beneficiaries, heirs and personal representatives.

 

C.            REVOCATION. It is agreed by and between the
parties hereto that, during the
lifetime of the Executive, this Agreement may be amended or revoked at any time or times, in whole or
in part, by the mutual written assent of the Executive and the Corporation.

 

D.            TERMINATION. It is agreed by and between the
parties hereto that the annual
set aside under this Agreement may be terminated by the Corporation at the end of the then current
term of the Employment Agreement
in the event of the non-extension or termination thereof.

 

E.             GENDER. Whenever in this Agreement words are
used in the masculine or neuter
gender, they shall be read and construed as in the masculine, feminine or neuter gender whenever
they should so apply.

 

F.             EFFECT ON OTHER CORPORATION BENEFIT PLANS. Nothing
contained in this Agreement shall
affect the right of the Executive to participate in or be covered by any qualified or non-qualified pension, profit-sharing, group, bonus or other
supplemental compensation or
fringe benefit plan constituting a part of Corporation’s existing or future compensation structure.

 

G.            HEADINGS. Headings and subheadings in this
Agreement are inserted for
reference and convenience only and shall not be deemed a part of this Agreement.

 

H.            APPLICABLE LAW. The validity and
interpretation of this Agreement shall
be governed by the laws of the State of Illinois.

 

VIII.     ARTICLE EIGHT - ERISA PROVISIONS

 

A.            NAMED FIDUCIARY AND PLAN ADMINISTRATOR. The “Named
Fiduciary and Plan Administrator”
of this Agreement shall be Duane G. Debs until his resignation or removal by the Board of Directors of the Corporation. As Named Fiduciary and Plan
Administrator, Duane G.

 

 

Debs shall be responsible for
the management, control and  administration
of this Agreement as established herein. He may delegate to others certain aspects of the management and operation responsibilities
of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

 

B.            CLAIMS PROCEDURE. In the event that benefits
under this Plan Agreement are not
paid to the Executive (or to his beneficiary in the case of Executive’s death) and such claimants feel they are entitled to receive such benefits, then a
written claim must be made to the
Named Fiduciary and Administrator named above within sixty (60) days from the date payments are refused. The
Plan Fiduciary and Administrator
and the corporation shall review the written claim and, if the claim is denied in whole or in
part, they shall provide,  in writing and within ninety (90) days of
receipt of such claim,  their specific reasons for such denial and
reference to the provisions of this Agreement upon which the denial is based and any additional material or
information necessary to perfect
the claim. Such written notice shall further indicate the additional steps to be taken by claimants
if a further review of the claim
denial is desired. A claim shall be deemed denied if the Plan Fiduciary and Administrator fails to take
any action within the aforesaid
ninety (90) day period.

 

If claimants desire a second
review, they shall notify the Plan  Fiduciary and Administrator in writing within sixty (60) days of the first
claim denial. Claimants may review the Plan Agreement or any documents relating thereto and submit any
written issues and comments they
may feel appropriate. In its sole discretion, the Plan Fiduciary and Administrator shall then review
the second claim and provide a
written decision within sixty (60) days of receipt of such claim. This decision shall likewise state the
specific reasons for the decision
and shall include reference to specific provisions of the Plan Agreement upon which the decision is
based.

 

C.            ARBITRATION. If claimants continue to dispute
any benefit denial after the
second review, the claimants may submit the dispute to arbitration. Such arbitration shall be
conducted by a single arbitrator
sitting in a location selected by Executive within fifty (50) miles of the main office of Corporation,
in accordance with the rules of
the American Arbitration Association (the “AAA”) then in effect. The arbitrator shall be selected by
the parties from a list of
arbitrators provided by the AAA, provided that no arbitrator shall be related to or affiliated with either
of the parties. No later than ten
(10) days after the list of proposed arbitrators is received by the parties, the parties, or their
respective representatives, shall
meet at a mutually convenient location or telephonically. At that meeting, the party who sought arbitration shall
eliminate one (1) proposed arbitrator and then the other party shall eliminate one (1) proposed arbitrator. The
parties shall continue to
eliminate names from the list of proposed arbitrators in this manner until a single proposed arbitrator
remains. This remaining
arbitrator shall arbitrate the dispute. Each party shall submit, in writing, the specific requested
action or decision it wishes to
take, or make, with respect to the matter in dispute, and the arbitrator shall be obligated to choose
one (1) party’s specific requested
action or decision, without being permitted to effectuate any compromise position. Judgment may be
entered on the arbitrator’s award
in any court having jurisdiction; provided,  however,
that Executive shall be entitled to seek specific performance of his right to be paid through
the date of termination during
the pendency of any dispute or controversy arising under or in connection with this Agreement.

 

 

IN WITNESS WHEREOF, the parties hereto
acknowledge that each has carefully read  this Agreement and executed the original thereof on the             
day of May, 1997 and that, upon
execution, each has received a confirming copy. 

 

 

	
   

  	
   

  	
   

  
	
  (WITNESS)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WEST SUBURBAN BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
  (WITNESS)

  	
   

  	
  Its:

  	
   

  
					

 

 

DEFERRED
COMPENSATION AND

SPLIT-DOLLAR
INSURANCE AGREEMENT

DEFERRAL
ELECTION

 

TO:  The
Board of Directors of West Suburban Bank

 

In accordance with the provisions of the
Deferred Compensation and Split-Dollar  Insurance Agreement, I hereby elect to have the amounts deferred under
the Agreement paid to me in            
(INSERT A NUMBER ONE (1) THROUGH TEN (10)) annual installments. I understand that I cannot
modify the manner of payment election made by me any later than twelve (12) months before my anticipated date
of employment termination.

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WEST SUBURBAN BANK

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  	
  Date

  
						

 

 

DEFERRED
COMPENSATION AND

SPLIT-DOLLAR
INSURANCE AGREEMENT

DESIGNATION
OF BENEFICIARIES

 

TO:  The
Board of Directors of West Suburban Bank

 

In accordance with the provisions of the
Deferred Compensation and Split-Dollar  Insurance Agreement, I hereby revoke any prior designations and
designate the following
beneficiary* to receive the benefits under the Agreement upon my death:

 

	
  Name:

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date

  
					

 

*  If more than one beneficiary is
to be designated, separately list the  beneficiaries and specify the percentage of each distribution to be
received by each beneficiary.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]