PERSONAL SERVICE CONTRACT
This agreement is made and entered into as of October 30, 1996, by and between Illini Corporation and Illini
Bank and Burnard K. McHone.
RECITALS. Whereas, Illini Corporation and Illini Bank is a banking holding company chartered under the laws
of the State of Illinois, as amended, Illini Corporation and Illini Bank is a commercial banking corporation
chartered under the laws of the State of Illinois, and, whereas, Burnard K. McHone (hereafter referred to as
"McHone") is interested in being employed as President of Illini Corporation and Illini Bank, and, whereas, Illini
Corporation and Illini Bank and McHone, parties to this agreement, desire to make certain agreements between
themselves relating to personal services to be rendered by McHone to Illini Corporation and Illini Bank.
AGREEMENT. Now therefore, in consideration of the premises and the mutual promises and covenants
contained herein, the above named parties agree as follows:
1. EFFECTIVE DATE AND TERM. This contract shall be effective as of the date of this contract and shall
continue and remain in effect until December 31, 1999, unless earlier terminated as provided herein.
Upon the expiration of the stated term, if this contract has not been sooner terminated, it shall continue on an
indefinite term until it is replaced in writing or until it is terminated as provided hereunder, except that the
severance provisions of paragraph 5 shall not apply after the above date.
2. SERVICES TO BE PERFORMED.
McHone shall hold the position of President of Illini Corporation and of Illini Bank and in such capacity shall have
the authority, duties and responsibilities as set forth in governing banking regulations, in Illini Corporation's and
Illini Bank's Bylaws, and in the table of organization of Illini Corporation and Illini Bank. Such duties may be
modified from time to time in accordance with the by-laws of Illini Corporation and Illini Bank, unless otherwise
prohibited by this agreement.
It is expressly un