EX-10.66
from 10-K
2 pages
January 30, 2008 Ms. Joann Lilek 30 Pine Avenue Lagrange Park, Il 60526 Dear Joann, We Are Pleased to Extend to You an Offer to Join Midwest Bank and Trust Company as Executive Vice President & Chief Financial Officer. the Terms of the Offer Include the Following: Effective Date: You Will Report on a Date to Be Mutually Agreed Upon No Later Than March 17, 2008. You Will Be Headquartered in the Melrose Park Banking Center and Report Directly to Me. Base Salary: $330,000. Your Annual Salary Will Be Paid Bi-Weekly on Thursdays and Will Be Pro-Rated Over the Payroll Periods Remaining (Of Total 26 Periods) in 2008. Thereafter, the Board of Directors of Midwest Banc Holdings, Inc. Reviews Officers’ Salaries on an Annual Basis Each December. Signing Bonus: 5,000 Restricted Shares of Stock. You Agree to Return the Bonus if You Leave the Company for Any Reason Prior to the Completion of One Year of Employment
12/34/56