Base Salary Schedule for Named Executive Officers of Alliance Bankshares Corporation (Effective January 2, 2009)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries for the named executive officers of Alliance Bankshares Corporation, effective January 2, 2009. It identifies each executive by name and title, specifying their respective base salary amounts. The agreement serves as a formal record of compensation for these officers, as required by SEC regulations. There are no additional terms, conditions, or obligations specified beyond the salary figures.

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EX-10.7 6 w73413exv10w7.htm EXHIBIT 10.7 exv10w7
Exhibit 10.7: Base Salaries of Named Executive Officers
     Effective January 2, 2009, 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
   $ 139,120  
Senior Vice President & Chief Credit Officer
        
 
        
Thomas Patrick Danaher
   $ 192,975  
President, Alliance Insurance Agency, Inc.