2007 Executive Compensation Schedule for Named Officers

Summary

This document outlines the 2007 compensation details for four named executive officers of the company, including their base salaries, target bonus percentages, and calculated bonus amounts. The officers listed are Daniel D. Rosenthal (President and CEO), Thomas E. Prince (COO), Cliff J. Piscitelli (EVP, Director of Secondary Marketing), and Edward A. Luther (SVP, Director of Major Loans). The agreement specifies each executive's base salary for 2007, the target bonus as a percentage of their 2006 base salary, and the resulting bonus amount for the year.

EX-10.1 2 k012907_8kexhibit101.htm COMPENSATION FOR NAMED EXECUTIVE OFFICERS Exhibit 10.1 Compensation for Named Executive Officers for 2007
Navigation Links

EXHIBIT 10.1

Compensation for the Named Executive Officers

 

2007

Target Bonus

As a

2007

Perentage of

2006

Base Salary

Base Salary

Bonus Amount


Daniel D. Rosenthal

$

650,000

120

%

$

940,896

President and Chief Executive Officer

Thomas E. Prince

$

520,000

100

%

$

588,060

Chief Operating Officer

Cliff J. Piscitelli

$

413,000

100

%

$

407,385

Executive Vice President, Director of Secondary Marketing

Edward A. Luther

$

235,000

70

%

$

187,110

Senior Vice President, Director of Major Loans


Page 1
Navigation Links