Western Alliance Bancorporation Summary of Compensation Arrangements with Named Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

Western Alliance Bancorporation outlines the compensation arrangements for its named executive officers, who are employed on an at-will basis without written employment contracts. The Board of Directors sets annual base salaries based on recommendations from the Compensation Committee. For 2006, specific base salaries are listed for each executive. In addition to their salaries, executives are eligible for bonuses and participation in the company's 2005 Stock Incentive Plan. The document notes that the 2006 salary for the Chairman, President, and CEO has not yet been determined.

Read More Arrow
EX-10.11 2 u49868exv10w11.htm EX-10.11 exv10w11  

Exhibit 10.11
WESTERN ALLIANCE BANCORPORATION
SUMMARY OF COMPENSATION ARRANGEMENTS WITH NAMED EXECUTIVE OFFICERS
     The named executive officers of Western Alliance Bancorporation (the “Company”) are “at will” employees lacking written employment agreements with the Company. The annual base salaries of the named executive officers are set annually by the Company’s Board of Directors, based on the Compensation Committee’s recommendation. For 2006, the annual base salaries of the Company’s named executive officers are as follows:
             
Robert Sarver
  Chairman, President and
Chief Executive Officer 		  $500,0001
 
            
Larry Woodrum
  Executive Vice President,
Nevada Administration 		  $ 330,000  
 
            
Dale Gibbons
  Executive Vice President and
Chief Financial Officer 		  $ 260,000  
 
            
James Lundy
  Executive Vice President,
Arizona Administration 		  $ 225,000  
 
            
Linda Mahan
  Executive Vice President,
Operations 		  $ 185,000  
     In addition to their base salary, each of the named executive officers is eligible for a bonus and to participate in the Company’s 2005 Stock Incentive Plan.
 
1   This figure represents Mr. Sarver’s 2005 base salary; his 2006 base salary has not yet been determined by the Compensation Committee. Further information will be provided in the Western Alliance proxy materials to be sent out in connection with its 2006 annual meeting.