Base Salary Agreement for Named Executive Officers (Swanigan, Stanley, Hawkins)
This document outlines the base salaries for three executive officers of the company: Darrell G. Swanigan (President and CEO), James R. A. Stanley, Jr. (Executive Vice President and Senior Loan Officer), and Keith B. Hawkins (Executive Vice President and Commercial Loan Officer). It specifies each officer's title, salary amount, and the effective date for each salary. The agreement sets the terms for their annual compensation as of the stated dates.
Exhibit 10.2
BASE SALARY FOR NAMED EXECUTIVE OFFICER
The Companys named Executive Officers include Darrell G. Swanigan, President and Chief Executive Officer; James R. A. Stanley, Jr., Executive Vice President and Senior Loan Officer; and Keith B. Hawkins, Executive Vice President and Commercial Loan Officer. Salary information for each Executive Officer is contained in the table below:
Name | Title | Salary | Effective Date | ||||
Darrell G. Swanigan | President and Chief Executive Officer | $ | 162,000 | January 1, 2008 | |||
James R. A. Stanley, Jr. | Executive Vice President and Senior Loan Officer | $ | 135,000 | April 1, 2008 | |||
Keith B. Hawkins | Executive Vice President and Commercial Loan Officer | $ | 135,000 | January 1, 2008 |
68