2007 Base Salary Rates and 2006 Cash Award Amounts for Executive Officers

Summary

This document lists the 2007 base salary rates and 2006 cash incentive awards for the company's named executive officers, as approved on February 26, 2007. It includes the names, titles, base salaries for 2007, and cash bonuses for 2006. One executive, William F. Plyler II, retired effective January 1, 2007, and does not have a 2007 base salary listed. The agreement outlines compensation details but does not impose ongoing obligations or conditions.

EX-10.1 2 dex101.htm 2007 BASE SALARY RATES; 2006 CASH AWARD AMOUNTS 2007 Base Salary Rates; 2006 Cash Award Amounts

Exhibit 10.1

2007 Base Salary Rates; 2006 Cash Award Amounts

The following table lists the 2007 base salary rate and the amount of the 2006 cash incentive award approved on February 26, 2007, for each of our named executive officers.

 

Name and Title

  

2007

Base Salary

Rate

   

2006

Cash Bonus

Amount

Arthur H. Keeney III

President and Chief Executive Officer

   $ 270,000     $ 69,317

J. Dorson White

Executive Vice President and Chief Operating Officer

     160,000       28,213

William F. Plyler II

Senior Vice President and Chief Credit Officer

     N/A (1)     22,473

Gary M. Adams

Senior Vice President and Chief Financial Officer

     105,000       19,458

(1) Mr. Plyler retired effective on January 1, 2007.