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