Non-Employee Director Compensation (effective January 2, 2006)
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Human Resources
- Compensation Agreements
EX-10.8 3 w31983exv10w8.htm EXHIBIT 10.8 exv10w8
Exhibit 10.8
Non-Employee Director Compensation (effective January 2, 2006)
Annual Retainer
Service as Director | $ | 9,000 | ||
Service as Chairman of the Board* | $ | 9,000 | ||
Service as Audit Committee Co-Chairman* | $ | 1,750 | ||
Service as Loan Committee Chairman* | $ | 3,500 | ||
Service as ALCO Committee Chairman* | $ | 3,500 | ||
Service as Compensation Committee Chairman* | $ | 3,500 |
| * | Chairman fees are in addition to the annual retainer and monthly fees received by all non-employee directors. |
Monthly Fees
Directors | $ | 1,000 | ||
Chairman Emeritus | $ | 250 |
Equity Compensation
Each non-employee director, including the Chairman Emeritus is also eligible to receive non-qualified stock option awards pursuant to the Alliance Bankshares Corporation Stock Option Plan, in the discretion of the Compensation Committee.
