Base Salary Schedule for Named Executive Officers of Alliance Bankshares Corporation (Effective March 1, 2006)

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, 2006. It specifies the salary amounts for each executive, including the President & CEO, Executive Vice Presidents, Senior Vice Presidents, and the President of Alliance Insurance Agency, Inc. The agreement outlines the compensation terms for these key officers as required by SEC regulations.

Read More Arrow
EX-10.7 2 w31983exv10w7.htm EXHIBIT 10.7 exv10w7  

Exhibit 10.7
Base Salaries of Named Executive Officers
     Effective March 1, 2006, 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.
   $ 275,000  
President & CEO
        
 
        
Paul M. Harbolick, Jr.
   $ 180,000  
Executive Vice President & CFO
        
 
        
Frank H. Grace, III
   $ 184,450  
Executive Vice President
        
 
        
Craig W. Sacknoff
   $ 144,305  
Senior Vice President
        
 
        
John B. McKenney, III
   $ 140,000  
Senior Vice President & Chief Credit Officer
        
 
        
Thomas Patrick Danaher
   $ 153,750  
President, Alliance Insurance Agency, Inc.