Alliance Bankshares Corporation Executive Officer Base Salary Schedule (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. The officers and their respective positions and salaries are specified, including the President & CEO, Executive Vice President, President of Alliance Home Funding, LLC, and two Senior Vice Presidents. The agreement outlines only the base salary amounts and does not include other compensation terms or conditions.

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EX-10.7 3 w19230exv10w7.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
        
Frank H. Grace, III
   $ 184,450  
President, Alliance Home Funding, LLC
        
Craig W. Sacknoff
   $ 144,305  
Senior Vice President
        
John B. McKenney, III
   $ 140,000  
Senior Vice President & Chief Credit Officer