DIRECTORS DEFERRED COMPENSATION AGREEMENT
THIS AGREEMENT made and entered into this day of 1996, by and between Community Bank-
Wheaton/Glen Ellyn, a Banking Corporation incorporated under the laws of Illinois (hereinafter referred to as “the Bank”), and
(hereinafter referred to as “the Director”):
WHEREAS, the Bank and the Director wish to enter into an agreement relating to the Director’s services to the Bank upon
the terms and conditions herein set forth;
NOW, THEREFORE, in consideration of the payments herein provided and of mutual agreements contained herein, the
parties hereto agree as follows:
So long as he shall continue to be a director of the Bank, the Director shall devote his best efforts to the performance of his
duties as member of the Board of Directors and of any of its committees to which he is appointed.
The fees covered under this Agreement shall be any and all amounts paid to the Director for his services as a director,
including but not limited to annual fees, meeting fees, and committee fees. The fees covered under this Agreement shall be
credited to the Director in the manner and on the terms and conditions specified in Paragraph IV subject to the election
requirement of Paragraph III.
The Director shall at the same time as entering this Agreement file a written statement with the Bank notifying them as to
the percent (%) or dollar amount of fees as defined in Paragraph II that is to be deferred. The election to defer fees may
only be made for fees not yet earned as of the date of said election. Signed written statements filed under this section
unless modified or revoked, shall be valid for all succeeding years. Any modification or revocation of a signed written
statement must be in writing and shall be effective for calendar years succeeding the year in which the modification or
revocation is made.
The Bank shall establish a bookkeeping account for the Director (hereinafter call