Alliance Bankshares Corporation Executive Officer Base Salary Schedule (Effective March 1, 2007)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries for the named executive officers of Alliance Bankshares Corporation, effective March 1, 2007. It specifies the salary amounts for the President & CEO, Executive Vice Presidents, Senior Vice President & CCO, and the President of Alliance Insurance Agency, Inc. The agreement outlines the compensation terms for these key executives as required by SEC regulations.

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EX-10.7 5 w34905exv10w7.htm EX-10.7 exv10w7  

Exhibit 10.7
Exhibit 10.7: Base Salaries of Named Executive Officers
     Effective March 1, 2007, the following are the base salaries (on an annual basis) of the named executive officers (as defined in Item 402(a)(3) of Regulation S-K) of Alliance Bankshares Corporation.
       
Thomas A. Young, Jr.
   $ 291,500
President & CEO
      
 
      
Paul M. Harbolick, Jr.
   $ 190,800
Executive Vice President & CFO
      
 
      
Frank H. Grace, III
   $ 195,517
Executive Vice President
      
 
      
Craig W. Sacknoff
   $ 152,963
Executive Vice President
      
 
      
John B. McKenney, III
   $ 148,000
Senior Vice President & CCO
      
 
      
Thomas Patrick Danaher
   $ 192,975
President, Alliance Insurance Agency, Inc.