Document:

exv10w2

Exhibit 10.2

SIXTH AMENDMENT TO CREDIT AGREEMENT

     THIS SIXTH AMENDMENT TO CREDIT AGREEMENT dated as of June 1, 2008 (this “Amendment”), is
entered into by and between WINTRUST FINANCIAL CORPORATION (the “Borrower”) and LASALLE
BANK NATIONAL ASSOCIATION (in its individual capacity, “Lender”).

RECITALS

     A. The Borrower and the Bank entered into that certain Credit Agreement dated as of November
1, 2005, as amended by that certain First Amendment to Credit Agreement dated as of June 1, 2006,
as amended by that certain Second Amendment to Credit Agreement dated as of July 27, 2006, as
amended by that certain Third Amendment to Credit Agreement dated as of January 1, 2007, as amended
by that certain Fourth Amendment to Credit Agreement dated as of March 9, 2007, and as amended by
that certain Fifth Amendment to Credit Agreement dated as of June 1, 2007 (collectively, with all
amendments thereto, the “Agreement”);

     B. The parties hereto have agreed to extend the maturity date on the Term A Note from June 1,
2008 to August 31, 2008 and make other modifications to the Agreement.

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

     1. DEFINITIONS. All capitalized terms used herein without definition shall have the
respective meanings set forth in the Agreement.

     2. AMENDMENTS TO THE AGREEMENT.

     2.1 Amendment to Section 1(a) of the Agreement. Section 1(a) of the
Agreement is hereby deleted in its entirety and in lieu thereof is inserted the following:

     (a) Lender agrees to make a loan (each a “Term A Loan” and
collectively the “Term A Loans”) to the Borrower in the principal
amount of the amount set forth opposite their names on the signature page.
The aggregate amounts of the Term A Loans shall not exceed ONE HUNDRED
MILLION DOLLARS ($100,000,000).

     2.2 Amendment to Section 3(b) of the Agreement. Section 3(b)
of the Agreement is hereby amended as of the date hereof by deleting the date “June
1, 2008” and inserting the date “August 31, 2008”.

     2.3 Term A Note. All references in the Loan Agreement to the form of the Term
A Note in the form of Exhibit “1” to the Loan Agreement shall be deemed to be
references to the form of the Term A Note in the form of Exhibit “A-1” attached
hereto and made a part hereof.

 

 

     3. WARRANTIES. To induce Lender to enter into this Amendment, the Borrower warrants that:

          3.1 Authorization. The Borrower is duly authorized to execute and deliver this
Amendment and is and will continue to be duly authorized to borrow monies under the Agreement, as
amended hereby, and to perform its obligations under the Agreement, as amended hereby.

          3.2 No Conflicts. The execution and delivery of this Amendment and the performance by
the Borrower of its obligations under the Agreement as amended hereby, do not and will not conflict
with any provision of law or of the charter or by-laws of the Borrower or of any agreement binding
upon the Borrower.

          3.3 Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid
and binding obligation of the Borrower, enforceable against the Borrower in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of
general application affecting the enforcement of creditors’ rights or by general principles of
equity limiting the availability of equitable remedies.

          3.4 No Default. As of the date hereof, no Event of Default under Section 9 of
the Agreement, as amended by this Amendment or event or condition which, with the giving of notice
or the passage of time, shall constitute an Event of Default, has occurred or is continuing.

          3.5 Warranties. As of the date hereof, the representations and warranties in
Section 5 of the Agreement are true and correct as though made on such date, except for
such changes as are specifically permitted under the Agreement,

     4. CONDITIONS PRECEDENT. This Amendment shall become effective as of the date above first
written after receipt by the Administrative Agent of the following documents:

	 	(a)	 	This Amendment duly executed by the Borrower;
	 
	 	(b)	 	The execution of a Term A Revolving Note in
favor of LaSalle Bank National Association in the amount of
$100,000,000; and
	 
	 	(c)	 	Such other documents and instruments as the
Bank reasonably requests.

     5. GENERAL.

          5.1 Law. This Amendment shall be construed in accordance with and governed by the
laws of the State of Illinois.

          5.2 Successors. This Amendment shall be binding upon the Borrower and Lender and
their respective successors and assigns, and shall inure to the benefit of the Borrower and Lender
and the successors and assigns of Lender. No other Person shall be a direct or indirect legal
beneficiary of, or have any direct or indirect cause of action or claim in connection with, this
Amendment or any of the other Loan Documents. The Borrower may not assign or

 

 

transfer any of its rights or Obligations under this Amendment without the prior written
consent of Lender.

          5.3 Counterparts. This Amendment may be executed in any number of counterparts and by
the different parties hereto on separate counterparts and each such counterpart shall be deemed to
be an original, but all such counterparts shall together constitute but one and the same agreement.
Receipt of an executed signature page to this Amendment by facsimile or other electronic
transmission shall constitute effective delivery thereof. Electronic records of executed Loan
Documents maintained by the Lenders shall deemed to be originals.

          5.3 Confirmation of the Agreement. Except as amended hereby, the Agreement shall
remain in full force and effect and is hereby ratified and confirmed in all respects.

(remainder of page left intentionally blank; signature page follows)

 

 

											
	     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first above written.
	 
	WINTRUST FINANCIAL CORPORATION	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ David A. Dykstra	 	 	 	 	 	 	 	 
	Its:

	 	 

Senior Executive Vice President
	 	 	 	 	 	 	 	 
	 

	 	Signed 06/24/08	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	727 North Bank Lane

Lake Forest, Illinois 60645

Attention: Edward J. Wehmer

Facsimile: (847) 615-4091	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

TERM LOAN A: $100,000,000.00	 	LASALLE BANK NATIONAL ASSOCIATION
	PRO RATA SHARE: 100%	 	By:	 	 	 	 
	 

	 	 	 	 	 	Its:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	TERM LOAN B: $1,000,000.00
	 	135 South LaSalle Street	 	 
	PRO RATA SHARE: 100%	 	Chicago, Illinois 60674	 	 
	 	 	 	 	 	 	Attention: Jeffery J. Bowden	 	 
	 	 	 	 	 	 	Facsimile: (312) 904-6352	 	 

 

 

EXHIBIT A-1

Form of Term A Note

TERM A NOTE

			
	 	 	 
	$100,000,000
	 	Dated as of June 1, 2008

     FOR VALUE RECEIVED, WINTRUST FINANCIAL CORPORATION, an Illinois corporation (the
“Maker”) promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION, a national
banking association (the “Bank”) the lesser of the principal sum of ONE HUNDRED MILLION
DOLLARS ($100,000,000), or the aggregate unpaid principal amount outstanding under the Credit
Agreement dated as of November 1, 2005 (as amended from time to time, the “Credit
Agreement”) between the Maker, as Borrower, and LaSalle Bank National Association, as Lender,
at the maturity or maturities and in the amount or amounts as stated on the records of the Bank
together with interest (computed on actual days elapsed on the basis of a 360 day year) on any and
all principal amounts outstanding hereunder from time to time from the date hereof until maturity.
Interest shall be payable at the rates of interest and the times set forth in the Credit Agreement.
All unpaid principal, and accrued interest, if not paid sooner, shall be due and payable in full
on August 31, 2008.

     This Note shall be available for direct advances.

     Principal and interest shall be paid to the Bank at its office at 135 South LaSalle Street,
Chicago, Illinois 60603, or at such other place as the holder of this Note may designate in writing
to the Maker. This Note may be prepaid in whole or in part as provided for in the Credit Agreement.

     This Note evidences indebtedness incurred under the Credit Agreement dated as of November 1,
2005, as amended from time to time, between the Maker, as Borrower, and LaSalle Bank National
Association, to which reference is hereby made for a statement of the terms and conditions under
which the due date of the Note or any payment thereon may be accelerated. The holder of this Note
is entitled to all of the benefits provided for in the Credit Agreement.

     The Maker agrees that in action or proceeding instituted to collect or enforce collection of
this Note, the amount on the Bank’s records shall be conclusive and binding evidence, absent
demonstrable error, of the unpaid principal balance of this Note.

	 	 	 	 	 	 	 
	 	 	WINTRUST FINANCIAL CORPORATION	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Its:exv10w3

Exhibit 10.3

Wintrust Financial Corporation

Cash Incentive and Retention Award Agreement

(Minimum Payout Amount: Par Plus 91-Day T-Bill Rate)

Cycle I (2008-2012)

[Award Date]

 

 

Wintrust Financial Corporation

Cash Incentive and Retention Award Agreement

(Minimum Payout Amount: Par Plus 91-Day T-Bill Rate)

THIS AGREEMENT, effective as of [award date] represents the grant of a long-term cash
incentive and retention award (“CIR Award”) by Wintrust Financial Corporation (the “Corporation”),
to the Participant named below, pursuant to the provisions of the 2008 Long-Term Cash Incentive and
Retention Plan (the “Plan”) or any amended or successor plan thereto. The cash payout ultimately
earned and paid, if any, for this CIR Award will be determined pursuant to Section 3 of this
Agreement.

     This Agreement is an Award Agreement as contemplated by the Plan, the terms and provisions of
which are incorporated herein by reference. All capitalized terms will have the meanings ascribed
to them in the Plan, unless specifically set forth otherwise herein. The parties hereto agree as
follows:

     1. Grant Information. The individual named below has been selected to receive a long-term CIR
Award as specified below:

	 	 	 	 	 
	 

	 	(a)  Participant:	 	 
	 

	 	 
	 	 

	 

	 	(b) Target CIR Award:
	 	$                                         
	 
	 	 	 	 
	 

	 	(c) Performance Measure:
	 	Earnings per share (“EPS”)

     2. Performance Period. The performance period commences on January 1, 2008, and ends on
December 31, 2012 (“Performance Cycle”).

     3. Performance Grid; Calculation of CIR Award. The CIR Award earned by the Participant who
remains continuously employed by the Corporation or any Subsidiary from the date of this Agreement
through the last day of the Performance Cycle will be equal to the Target CIR Award amount set
forth above, multiplied by the “Multiple” determined in accordance with the Performance Grid set
forth on Appendix A attached hereto, subject to a maximum amount equal to the Maximum CIR Award
Amount set forth on Appendix A and a Minimum Payout Amount reflecting a retention credit percentage
(“RC%”) as set forth on Appendix A. For example, if the sixty (60) month cumulative earnings per
share at the end of 2012 is $18.00, the Participant will earn one-hundred eighty percent (180%) of
the Target CIR Award amount as set forth in Section 1(b) of this Agreement.

     The amount of CIR Award earned will be determined after the conclusion of the Performance
Cycle by the Compensation Committee of the Board of Directors (the “Committee”), in its sole
discretion, based on the performance of the Corporation, calculated using the Performance Grid.
Earned CIR Awards will be paid in accordance with Section 5 below.

1

 

     For purposes of this Agreement, “Earnings Per Share” or “EPS” shall mean the Corporation’s
“primary earnings per share,” as determined on a fully-diluted basis in accordance with generally
accepted accounting principles, consistently applied, as publicly reported by the Corporation on
its fiscal year financial reports. Cumulative EPS will be equal to the sum of the EPS for each of
the five years in the Performance Cycle.

     The Committee shall have the authority to modify calculation of Cumulative EPS and the
Cumulative EPS objectives set forth in the Performance Grid in Section 3 of this Agreement, in the
Committee’s good faith discretion, as the Committee deems appropriate in connection with any
repurchases by the Corporation of its Common Stock from shareholders, acquisition, reorganization,
recapitalization, merger, consolidation, spin-off, extraordinary dividend or other distribution, or
similar transaction; provided, however, that the Committee shall make such adjustments in the event
of a stock dividend or stock split, reverse stock split or similar change in the capital structure
of the Corporation, in order to prevent the dilution or enlargement of rights.

     4. Effect of Termination of Employment during the Performance Cycle. In the event the
Participant does not remains continuously employed by the Corporation or any Subsidiary from the
date of this Agreement through the last day of the Performance Cycle, then the amount, if any,
payable to the Participant (or, in the event of death, the Participant’s beneficiary) under this
Agreement will be determined in accordance with this Section 4 and paid in accordance with Section
5 below. For purposes of this Section 4, “vested percentage” means the percentage determined in
accordance with Vesting Table set forth on Appendix A.

     Termination for Cause. Termination of the Participant’s employment during the
Performance Cycle by the Corporation for cause will result in immediate forfeiture of the CIR
Award, with no payment to the Participant. For purposes of this Agreement, “cause” shall have
the same meaning given to such term under an employment or similar agreement applicable to the
Participant and, in the absence of such an agreement or definition of “cause” therein, “cause”
shall have the meaning set forth on Appendix B attached hereto.

     Disability or Death. If the Participant’s employment terminates as a result of
disability or death during the Performance Cycle, the Participant (or, in the event of death,
the Participant’s beneficiary) will receive the vested percentage of the Truncated CIR Award
Amount described below. For purposes of this Agreement the term disability shall have the same
meaning given to such term in the Corporation’s Long-Term Disability Plan, or any successor
plan.

     Termination not for Cause; Resignation. If the Participant’s employment is
terminated during the Performance Cycle for any reason other than death, disability or by the
Corporation for Cause, the Participant will receive an amount equal to the Participant’s
vested percentage multiplied by the Minimum CIR Award Amount set forth on Appendix A.

2

 

     Retirement. If the Participant’s employment terminates during the Performance
Cycle in circumstances constituting Retirement (as defined on Appendix B) and the Participant
remains Retired from the Industry (as defined on Appendix B) through the end of the Performance
Cycle, then, in addition to the vested percentage of the Minimum CIR Award Amount described
above, the Participant will be eligible to receive an amount equal to the Participant’s vested
percentage multiplied by the Top-Up Amount described below.

     The “Truncated CIR Award Amount” is the amount determined by multiplying the Target CIR Award
set forth in Section 1(b) above by the applicable Multiple determined by reference to the
Performance Grid and based on the Compound Annual Growth Rate of EPS achieved during the
Performance Cycle through the end of the fiscal year which coincides with or immediately precedes
the date on which termination of employment occurs. For example, if the termination of employment
occurs in 2010, and the Compound Annual Growth Rate of EPS achieved through the end of 2009 is
14.0%, then the applicable multiple would be one hundred forty percent (140%).

     The “Top Up Amount” is the amount by which the CIR Award that the Participant would have
earned at the end of the Performance Cycle based on actual performance during the full Performance
Cycle exceeds the Minimum CIR Award Amount.

     5. Payment of Earned Incentive Award. Unless deferred in accordance with procedures set forth
by the Committee and otherwise subject to the requirements set forth in the Plan relating to Code
Section 409A, the earned CIR Award determined in accordance with Section 3 above will be paid to
the Participant as soon as practicable after the end of the Performance Cycle and the Compensation
Committee’s determination of amount of the earned CIR Award; provided that such payment shall be
made no later than March 15th of the calendar year following the end of the Performance Cycle. Any
Top Up Amount payable to a retired Participant shall be paid at the same time as the earned CIR
Award would have been paid in accordance with this paragraph.

     Unless deferred in accordance with procedures set forth by the Committee and otherwise subject
to the requirements set forth in the Plan relating to Code Section 409A, the amounts determined and
payable in accordance with Section 4 due to termination of employment during the Performance Cycle
shall be payable as follows: if the date of termination of employment occurs prior to July 1 of a
calendar year, payment shall be made (without interest) as soon as practicable after December 31 of
such year, provided that such payment shall be made no later than March 15th of the calendar year
following such termination of employment; and if such termination occurs after June 30 of a
calendar year, such payment shall be made as soon as practicable after July 1 of the following
calendar year, provided such payment shall be made no later than December 31 of such following
calendar year.

3

 

     6. Change in Control of the Corporation. In the event of a Change in Control during the
Performance Cycle, the Participant will be paid a CIR Award under this Agreement. The amount of
such CIR Award will be determined in the same manner as a Truncated CIR Award Amount described in
Section 4 above, based on the Compound Annual Growth Rate of EPS though the last day of the
calendar year coinciding with or next preceding the date of the Change of Control. For example, if
the Change of Control occurs during the third quarter of 2009, and the Compound Annual Growth Rate
in EPS at the end of 2008 was 18% then the applicable multiple would be two hundred ten percent
(210%). The amount of the CIR Award determined in accordance with this Section 6 shall not be
subject to proration and shall be paid in full to the Participant upon or within 15 days after the
date of the Change of Control.

     7. Nontransferability. The CIR Award may not be sold, transferred, pledged, assigned or
otherwise alienated or hypothecated (“Transfer”) other than by will or by the laws of descent and
distribution, except as provided in the Plan. If any Transfer, whether voluntary or involuntary, of
an CIR Award is made, the Participant’s right to such CIR Award will be immediately forfeited to
the Corporation, and this Agreement will lapse.

     8. Tax Withholding. The Corporation will have the power and the right to deduct or withhold,
or require the Participant or the Participant’s beneficiary to remit to the Corporation, an amount
sufficient to satisfy federal, state, and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result of this Agreement.

     9. Administration. This Agreement and the Participant’s rights hereunder are subject to all
the terms and conditions of the Plan, as the same may be amended from time to time, as well as to
such rules and regulations as the Committee may adopt for administration of the Plan. It is
expressly understood that the Committee is authorized to administer, construe, and make all
determinations necessary or appropriate to the administration of the Plan and this Agreement, all
of which will be binding upon the Participant.

     10. Continuation of Employment. This Agreement will not confer upon the Participant any right
to continuation of employment by the Corporation or its subsidiaries, nor will this Agreement
interfere in any way with the Corporation’s or its subsidiaries’ right to terminate the
Participant’s employment at any time.

     11. Amendments. The Plan is discretionary in nature and the Committee may terminate, amend, or
modify the Plan or this Agreement; provided, however, that no such termination, amendment, or
modification of the Plan or this Agreement may adversely affect in any material way the CIR Award
subject to this Agreement without the Participant’s written approval, except amendments or
modifications made in accordance with Section 3 or required to conform to laws.

     12. Amendment to this Agreement. Any amendment and/or termination of this Agreement will not
accelerate a payment date if such amendment or termination would subject such amounts to taxation
under Code Section 409A.

     13. Successor. All obligations of the Corporation under the Plan and this Agreement, with
respect to the CIR Award, will be binding on any successor to the Corporation, whether the
existence 

4

 

of such successor is the result of a direct or indirect purchase, merger, consolidation,
or otherwise, of all or substantially all of the business and/or assets of the Corporation.

     14. Severability. The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions will nevertheless be binding and enforceable.

     15. Applicable Laws and Consent to Jurisdiction. The validity, construction, interpretation,
and enforceability of this Agreement will be determined and governed by the laws of the State of
Illinois without giving effect to the principles of conflicts of law. For the purpose of litigating
any dispute that arises under this Agreement, the parties hereby consent to exclusive jurisdiction
and agree that such litigation will be conducted in the federal or state courts of the State of
Illinois.

     16. Restrictions and Clawback. This Award shall be subject to forfeiture and cancellation in
the discretion of the Committee upon the occurrence of the any of the events described in clauses
(a) through (e) of Section 8(e) of the Plan prior to the payment of any amounts under this
Agreement. If any such event occurs within one year after the payment of any amount under this
Agreement, then upon demand from the Committee, the Participant shall reimburse the Corporation the
amount of any such payment. Payments under this Agreement shall also be subject to repayment to
the Corporation in upon the occurrence of events described in the final sentence of Section 8(e) of
the Plan.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed effective as of
[award date].

	 	 	 	 	 	 	 
	 	 	Wintrust Financial Corporation	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 
	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Participant	 	 

5

 

Appendix A to Cash Incentive and Retention Award Agreement

(Minimum Payment Amount: Par Plus 91-Day T-Bill Rate)

Cumulative EPS Performance Grid for Cycle I (2008-2012)

	 	 	 	 	 
	Compound Annual	 	 	 	 
	Growth Rate	 	 	 	Multiple of Target
	Range	 	Cumulative EPS1	 	CIR Award
	 
	 	 	 	 	 
	20.0% or greater
	 	$20.00 or greater
	 	240%
	 	 	 	 	 
	17.5% – 19.99%
	 	$18.65 – $19.99
	 	210%
	 	 	 	 	 
	15.0% – 17.49%
	 	$17.37 – $18.64
	 	180%
	 	 	 	 	 
	12.5% – 14.99%
	 	$16.17 – $17.36
	 	140%
	 	 	 	 	 
	10.0% – 12.49%
	 	$15.04 – $16.16
	 	110%
	 	 	 	 	 
	<10.0%
	 	<$15.04
	 	RC%

     For purposes of this Appendix A, the “Maximum Payout Amount” is 240% times the Target CIR
Award and the “Minimum Payout Amount” is RC% times the Target CIR Award. The RC% is equal to 100%
plus a compound annual interest rate based on (a) the 91-day T-bill rate as in effect on the first
business day of January of each year commencing in 2008 and (b) the period from January 1, 2008
through December 31, 2012, or if earlier, the date as of which the Minimum Payment Amount is being
determined.

 

			
	1	 	This column reflects the cumulative EPS for the five
years, assuming a CAGR equal to the amount set forth in the left hand column
and a starting point equal to 2007 EPS of $2.24.

6

 

Vested Percentage Table

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Termination	 	Termination	 	Termination	 	Termination	 	Termination
	 	 	Occurs in	 	Occurs in	 	Occurs in	 	Occurs in	 	Occurs in
	 	 	2008	 	2009	 	2010	 	2011	 	2012
	 
	 	 	 	 	 	 	 	 	 	 	 
	Vested Percentage
	 	0%
	 	20%
	 	40%
	 	60%
	 	80%

     For purposes of the Vested Percentage Table, if the date of termination of a Participant’s
employment (that is, his or her last day of employment) is December 31 of such year, the
termination of employment will be deemed to occur in the following year.

7

 

Appendix B to Cash Incentive and Retention Award Agreement

Definitions

For purposes of this Agreement, “cause” shall mean the following:

	 	(i)	 	misappropriation of any funds or property of the Corporation or its subsidiaries; or

	 
	 	(ii)	 	attempting to obtain any personal profit from any transaction in which the Key
Employee has a personal financial interest, unless the Key Employee shall have
first obtained the consent of the Board of Directors; or

	 
	 	(iii)	 	material neglect or refusal to perform the duties reasonably assigned to the Key
Employee given the Key Employee’s current job description; or

	 
	 	(iv)	 	participating in a course of conduct which is injurious to the Corporation or its
subsidiaries, as interpreted by the Board of Directors; or

	 
	 	(v)	 	being convicted of a felony; or

	 
	 	(vi)	 	being adjudicated a bankrupt; or

	 
	 	(vii)	 	suspension due to the direction of any
authorized bank regulatory agency.

To the extent that there is a dispute arising over the application of the definition of Cause, the
Committee or the Board of Directors of the Corporation shall have the authority to interpret and
apply such definitions in a reasonable manner.

For purposes of this Agreement, the termination of a Participant’s employment shall be deemed a
“Retirement” if such termination of the Participant’s employment is for any reason other
than death, disability or termination by the Corporation for cause, and such termination occurs on
or after age 65, or on or after age 55 and, as of the date of termination, the sum of the
Participant’s attained age as of his or her most recent birthday and full and completed years of
service with the Corporation or any Subsidiary (including for this purpose continuous years of
service, if any, with a Subsidiary as of the date such Subsidiary was acquired by the Corporation)
equals or exceeds 75.

8

 

The Participant shall be deemed to be “Retired from the Industry” so long as such
Participant (A) does not thereafter perform services as an employee, officer, director or
consultant for, or in any other capacity assist, any bank, thrift, bank or thrift holding
Corporation, asset management Corporation, trust Corporation, investment advisor, or any other
financial services Corporation (other than the Corporation or a Subsidiary), whether existing or in
formation, that provides or plans to provide banking or other financial services, including but not
limited to, those relating to loans, deposits, treasury management, custodial or trust services, or
investment or wealth management services within the Chicago or Milwaukee metropolitan area, and (B)
certifies to the Corporation, at such times and in such manner as the Committee may require, that
since Participant’s’ Retirement, Participant has not performed any such services.

9

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