Base Salary Schedule for Named Executive Officers of Alliance Bankshares Corporation (Effective March 1, 2008)

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, 2008. The officers include the President & CEO, Executive Vice Presidents, Senior Vice President & Chief Credit Officer, and the President of Alliance Insurance Agency, Inc. The agreement outlines each officer's position and corresponding salary, serving as a record of executive compensation for the specified period.

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EX-10.7 2 w52647exv10w7.htm EX-10.7 exv10w7  

Exhibit 10.7: Base Salaries of Named Executive Officers
     Effective March 1, 2008, 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 & Chief Executive Officer
        
 
        
Paul M. Harbolick, Jr.
   $ 190,800  
Executive Vice President & Chief Financial Officer
        
 
        
Frank H. Grace, III
   $ 195,517  
Executive Vice President
        
 
        
Craig W. Sacknoff
   $ 172,963  
Executive Vice President
        
 
        
John B. McKenney, III
   $ 148,400  
Senior Vice President & Chief Credit Officer
        
 
        
Thomas Patrick Danaher
   $ 192,975  
President, Alliance Insurance Agency, Inc.