Alliance Bankshares Corporation Executive Officer Base Salary Schedule (2010)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries for the executive officers of Alliance Bankshares Corporation, effective January 2, 2010. It specifies the names, titles, and corresponding salaries of each executive, along with notes regarding employment dates and contract terms for certain individuals. The agreement outlines compensation but does not include additional terms or benefits.

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EX-10.7 3 w78073exv10w7.htm EX-10.7 exv10w7
Exhibit 10.7: Base Salaries of Named Executive Officers
     Effective January 2, 2010, the following are the base salaries (on an annual basis) of the executive officers of Alliance Bankshares Corporation.
     
William E. Doyle, Jr.*/**
     Interim President & Chief Executive Officer
   $291,500 *
 
    
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
   $139,120
Senior Vice President & Chief Credit Officer
    
 
*   Mr. Doyle joined the organization on January 28, 2010; amount shown above is based on a 90 day contract with extensions.
 
**   Mr. Doyle Became President & Chief Executive officer on May 4, 2010.
 
***   Mr. Young left the organization on January 29, 2010.