Document:

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                                                                    Exhibit 10.2

                         EXECUTIVE EMPLOYMENT AGREEMENT
                         ------------------------------

         This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and entered
into as of the 12th day of February, 2002, by and between CARDINAL FINANCIAL
CORPORATION ("Cardinal") and Carl E. Dodson ("you" and all similar references)
(collectively, the "parties").

                                  INTRODUCTION
                                  ------------

         WHEREAS, Cardinal has previously retained you to provide services in an
executive capacity; and

         WHEREAS, the parties now desire to memorialize the terms and conditions
of your continuing employment.

         NOW THEREFORE, in consideration of the promises and obligations by and
between the parties under this Agreement, and other valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:

                                      TERMS
                                      -----

1.       Employment.   By accepting employment with Cardinal, you agree:
         ----------

         (a)      to devote your professional time, best efforts, attention and
                  energies to Cardinal's business and to perform any and all
                  work assigned to you by Cardinal faithfully and at such times
                  and places as Cardinal designates;

         (b)      that your employment is terminable "at will" meaning that
                  either party may terminate your employment relationship with
                  Cardinal at any time, subject to the terms and conditions set
                  forth in Section 4 of this Agreement.

2.       Compensation and Benefits.
         -------------------------

         (a)      Upon the commencement of your employment, Cardinal will pay
                  you a base salary, less required and authorized withholding
                  and deductions, payable in installments in accordance with its
                  normal payroll practices. From time to time, Cardinal may
                  adjust your salary and other compensation in its discretion.

         (b)      During your employment, you will be eligible to receive, in
                  Cardinal's discretion, an annual performance bonus, stock
                  option grant and to participate in any employee compensation
                  or benefit plans (including group medical and 401(k)).
                  Cardinal may amend or discontinue any of its plans, programs,
                  policies and procedures at any time for any or no reason with
                  or without notice.

3.       Covenants. You understand that Cardinal has invested, and will continue
         ---------
         to invest, significant resources in your training and development. You
         further understand that Cardinal's "business" includes the performance
         and rendering of banking and/or financial services. Therefore, in light
         of these understandings you agree to the following obligations which
         are reasonably designed to protect Cardinal's legitimate business
         interests without unreasonably restricting your ability to seek or
         obtain employment after your employment with Cardinal terminates for
         any reason.

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                  3.1      Prohibition on Competition. During the term of this
                           Agreement, and for a period of six (6) months from
                           the date you are terminated for Cause or your
                           Voluntary Termination, you shall not render or
                           perform competing banking and/or financial services
                           within twenty-five (25) miles from your office or
                           Cardinal's corporate headquarters. This provision
                           shall not be construed to prevent you from obtaining
                           employment in the banking and/or financial services
                           industries provided your new endeavor does not
                           violate the above-stated prohibition.

                  3.2      Covenant Not to Solicit Clients or Prospective
                           Clients. During the term of this Agreement, and for a
                           period of six (6) months from the date you are
                           terminated for Cause or your Voluntary Termination,
                           you agree not to contact any client or prospective
                           client of Cardinal with whom you have had any contact
                           on behalf of Cardinal to perform or render banking
                           and/or financial services. This provision shall not
                           be construed to prevent you from contacting clients
                           with whom you have not had any contact during the
                           term of this Agreement.

                  3.3      Restriction on the Solicitation of Cardinal's
                           Employees. During the term of this Agreement and for
                           a period of six (6) months from the date of you are
                           terminated for Cause or your Voluntary Termination,
                           you agree not to attempt to induce any Cardinal
                           employee to terminate his or her employment, or to
                           seek or accept any employment with any other business
                           entity that performs banking and/or financial
                           services.

         (a)      For the purpose of this Agreement, "Client" means any entity
                  for which Cardinal has performed banking and/or financial
                  services within the twelve months from your termination date.
                  "Prospective Client" means any entity that is not a Client but
                  with respect to whom, within twelve (12) months from your
                  termination date, you conducted, prepared, submitted (or
                  assisted or supervised such conduct) any client development
                  work product or marketing efforts on behalf of Cardinal.

         (b)      In the event that any term set forth above (including, but not
                  limited to, the duration of the restraint or the geographic
                  scope) is deemed unreasonable by a court of competent
                  jurisdiction or an arbitration tribunal, the parties agree
                  that the unreasonable term may be modified or reduced in
                  accordance with the applicable law.

         (c)      You understand that damages Cardinal will suffer as a result
                  of your breach of any provision of Section 3 of this Agreement
                  are impossible to reasonably calculate and may irreparably
                  harm Cardinal. Nothing in this Agreement shall be construed to
                  prevent Cardinal from seeking any form of injunctive relief to
                  enforce any provision of this Agreement.

4.       Termination of Employment Relationship.  Your employment is terminable
         --------------------------------------
         at will.  That means that your employment relationship with Cardinal
         may be terminated by either party at any time, for any reason or no
         reason at all, subject to the notice provision addressed below.

         (a)      Cardinal may terminate your employment for Cause effective
                  immediately upon written notice. In the event that Cardinal
                  terminates your employment for Cause, you will be entitled to
                  earned and unpaid base salary and payment for any earned and
                  unused vacation days through the last date of your employment.

                  For the purpose of this Agreement, "Cause" means any of the
                  following conduct by you: (i) embezzlement, misappropriation
                  of corporate funds or other material acts of dishonesty; (ii)
                  commission or conviction of any felony or entry of a plea of
                  guilty or nolo contendere to any felony; (iii) material
                  failure to adhere to Cardinal's corporate codes, policies or
                  procedures; (iv) insubordination or any act of gross
                  misconduct; or (v) of any

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                  applicable regulatory authority revokes the necessary
                  approvals for you to serve as an Executive with Cardinal.

         (b)      Cardinal also may terminate your employment other than for
                  Cause, or for no reason, effective upon written notice or any
                  later date, if specified in the Notice.

                  (i)      If Cardinal terminates you pursuant to this Section
                           4(b) you will be entitled to all earned and unpaid
                           base salary through your last day of employment,
                           subject to the provisions set forth in 4(b)(ii).
                           Furthermore, Cardinal will pay you six (6) months
                           salary (over the course of those six (6) months),
                           less required and authorized withholding and
                           deductions. Additionally, Cardinal will continue your
                           group health and dental insurance benefits over the
                           course of those six (6) months.

                  (ii)     If Cardinal terminates you pursuant to Section 4(b)
                           within twelve (12) months after the Effective Date of
                           a Change in Control, Cardinal shall pay you,
                           exclusively and in lieu of the benefits which
                           otherwise would have been payable under this
                           Agreement, eighteen (18) months salary, in one lump
                           sum payment, less required and authorized
                           withholdings and deductions. The lump sum payment
                           shall be made by Cardinal within thirty (30) days
                           from your last day of employment. Additionally,
                           Cardinal will continue your group health and dental
                           insurance benefits over the course of those eighteen
                           (18) months.

         (c)      You may Voluntarily Terminate your employment with Cardinal
                  upon thirty (30) days prior written notice directed to
                  Cardinal's President and Chief Executive Officer ("CEO"). The
                  President and CEO, in his sole capacity may waive this notice
                  requirement.

         (d)      Regardless of the basis of your termination of employment, you
                  agree to provide all assistance requested by Cardinal in
                  transitioning your duties, responsibilities client and other
                  Cardinal relationships to other Cardinal personnel, both
                  during your employment and after your termination or
                  resignation.

5.       Change in Control. Notwithstanding the terms and conditions set forth
         -----------------
         in Section 4 of this Agreement, in the event of a Change in Control you
         may elect to Voluntarily Terminate your employment pursuant to Section
         5 of this Agreement upon thirty (30) days prior written notice, if such
         notice is received by Cardinal no sooner than ten (10) months after the
         Effective Date of the Change of Control and no later than twelve (12)
         months after the Effective Date of the Change in Control.

         (a)      If you voluntarily terminate your employment with Cardinal
                  pursuant to Section 5 of this Agreement, Cardinal shall pay
                  you, exclusively and in lieu of the benefits which otherwise
                  would have been payable under this Agreement, eighteen (18)
                  months salary, in one lump sum payment, less required and
                  authorized withholdings and deductions. The lump sum payment
                  shall be made by Cardinal within thirty (30) days from your
                  last day of employment. Additionally, Cardinal will continue
                  your group health and dental insurance benefits over the
                  course of those eighteen (18) months.

         (b)      For the purpose of this Agreement, "Change in Control" means a
                  merger or consolidation in which (i) Cardinal is a constituent
                  party, or (ii) a Company Subsidiary is a constituent party and
                  Cardinal issues shares of its capital stock pursuant to such
                  merger or consolidation, except any such merger or
                  consolidation involving Cardinal or a Company Subsidiary in
                  which the holders of capital stock of Cardinal immediately
                  prior to such merger or consolidation continue to hold
                  immediately following such merger or consolidation more than
                  fifty (50) percent by voting power of the capital stock of or
                  ownership interest in (A) the surviving or resulting entity or
                  (B) if the surviving or resulting entity is a wholly owned
                  subsidiary of another entity immediately following such merger
                  or

                                       3

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                  consolidation, the parent entity of such surviving or
                  resulting entity. "Change in Control" may also mean the sale,
                  in a single transaction or series of related transactions, (i)
                  by Cardinal of all or substantially all the assets of Cardinal
                  (except where such sale is to a wholly owned subsidiary of the
                  Company), or (ii) by the stockholders of Cardinal of more than
                  fifty (50) percent by voting power of the then-outstanding
                  capital stock of Cardinal. Finally, a "Change of Control" may
                  constitute the occurrence of any agreement, happening or
                  device, which has substantially the same effect on the control
                  of Cardinal as any of the foregoing.

         (c)      For the purpose of this Agreement, "Effective Date" means the
                  close of business on the date on which a "Change of Control"
                  occurs.

6.       Assignment and Survival. The rights and obligations of Cardinal under
         -----------------------
         this Agreement shall inure to the benefit of, and shall be binding
         upon, the successors and assigns of Cardinal. Your rights and
         obligations are personal, and may not be assigned or delegated without
         the Company's proper written consent. The Agreement shall continue
         despite any liquidation or dissolution of Cardinal.

7.       Severability. If any provision of this Agreement is held invalid or
         ------------
         unenforceable for any reason, the invalidity shall not nullify the
         validity of the remaining provisions of this Agreement. If any
         provision of this Agreement is determined by a court or arbitration
         tribunal to be overly broad in duration, geographical coverage or
         scope, or unenforceable for any other reason, such provision will be
         narrowed so that it will be enforced as much as permitted by law.

8.       Choice of Law. This Agreement shall be governed by the laws of the
         -------------
         Commonwealth of Virginia. You and Cardinal consent to the jurisdiction
         and venue of any state or federal court in the Commonwealth of Virginia
         and agree that any permitted lawsuit may be brought to such courts or
         other court of competent jurisdiction. Each party hereby waives,
         releases and agrees not to assert, and agrees to cause its affiliates
         to waive, release and not assert, any rights such party or its
         affiliates may have under any foreign law or regulation that would be
         inconsistent with the terms of this Agreement as governed by Virginia
         law.

9.       Waiver.  Any party's waiver of any other party's breach of any
         ------
         provision of this Agreement shall not waive any other right or any
         future breaches of the same or any other provision. The CEO may, in his
         or her sole discretion, waive in writing any provision of this
         Agreement.

10.      Notices.  Any notices, requests, demands or other communications
         -------
         provided for in this Agreement shall be in writing and shall be given
         either manually or by registered or certified mail. Either party may,
         by written notice to the other party, change their address for receipt
         of such notice.

                  If to the Company:
                  Bernard H. Clineburg
                  President and CEO
                  Cardinal Financial Corporation
                  10555 Main Street
                  Fairfax, Virginia 22030

                  If to the Employee:

                  Carl E. Dodson
                  4010 N. River St.
                  Arlington, VA 22207

11.      Entire Agreement.  This Agreement is the entire agreement between you
         ----------------
         and Cardinal regarding these matters and supersedes any verbal and
         written agreements on such matters. This Agreement may be modified only
         by written agreement signed by you and the CEO or his or her

                                       4

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         express designee. All Section headings are for convenience only and do
         not modify or restrict any of this Agreement's terms.

12.      Counterparts.  For convenience of the parties, this Agreement may be
         ------------
         executed in one or more counterparts, each of which shall be deemed an
         original for all purposes.

The parties state that they have read, understood and agree to be bound by this
Agreement and that they have had the opportunity to seek the advice of legal
counsel before signing it and have either sought such counsel or have
voluntarily decided not to do so:

CARDINAL FINANCIAL CORPORATION              EMPLOYEE

By: /s/ Bernard H. Clineburg                /s/ Carl E. Dodson
    ------------------------                ------------------
                                               (Signature)

Its: President and CEO                      Carl E. Dodson
     -----------------                      --------------
         (Title)                            (Print Employee's Full Name)

Dated: 2-12-02                              Dated: 2-12-02
       -------                                     -------

                                        5<PAGE>

                                                                    Exhibit 10.3

                              EMPLOYMENT AGREEMENT
                              --------------------

         THIS EMPLOYMENT AGREEMENT ("Agreement"), is made and entered into as of
                                     ---------
the 27/th/ day of August, 2001, by and between CARDINAL FINANCIAL CORPORATION, a
    ------        ------
Virginia corporation with its principal offices at 10555 Main Street, Fairfax,
Virginia 22030 ("Company"), and THOMAS C. KANE ("Kane"), an individual residing
                 -------
at 9940 Hampton Road, Fairfax Station, Virginia 22039. This Agreement supersedes
and replaces the earlier Agreement dated October 13, 1998.

                                   WITNESSETH:

         WHEREAS, the Company is a multi-bank holding company; and

         WHEREAS, the Company has organized and chartered an investment
institution to provide financial and brokerage services throughout the Northern
Virginia region ("Subsidiary"); and
                  ----------

         WHEREAS, Kane has been retained to provide services in an executive
capacity for the Company and the Subsidiary, and the parties desire to
memorialize the terms and conditions of Kane's continuing employment;

         NOW, THEREFORE, in consideration of the promises and obligations of the
Company and Kane under this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

                                    ARTICLE 1

                               SCOPE OF EMPLOYMENT

         1.1.     Title. Kane has been employed as Senior Vice President of the
                  -----
Company and President and Chief Executive Officer of the Subsidiary since
October 13, 1998. For the term of this Agreement, he will continue in these
capacities.

         1.2.     Duties and Responsibilities. As Senior Vice President of the
                  ---------------------------
Company, Kane shall perform such duties as may be assigned to him by the Company
consistent with that position.

         As President and Chief Executive Officer of the Subsidiary, Kane will
be responsible for the supervision of all of the Subsidiary operations, the
development of recommendations to the board of directors of the Subsidiary
("Subsidiary Board") of plans and policies for the Subsidiary, and shall serve
  ----------------
on professional or civic organizations to promote the interests of the
Subsidiary if so directed by the Subsidiary Board. Kane is also required to
perform such other duties consistent with his position as the Subsidiary Board
may direct from time to time.

<PAGE>

         During the term of his employment, Kane is required to devote his full
time, attention, and efforts, with undivided loyalty, to the business of the
Company and the Subsidiary and shall use his best effort to promote their
interests.

         Kane's principal office shall be at a location within the Metropolitan
Washington Area determined by the President and Chief Executive Officer ("CEO")
of the Company.

         1.3. Failure to Maintain Regulatory Approval. If the applicable
              ---------------------------------------
regulatory Authorities revoke the necessary approvals for Kane to serve as
President and Chief Executive Officer of the Subsidiary or otherwise
substantially limit the operating authority of the Subsidiary or the scope of
duties he may perform in that capacity, this Agreement shall terminate
automatically and be of no further legal force or effect.

         1.4. Other Affairs. Notwithstanding anything in this Agreement to the
              -------------
contrary, Kane may engage in charitable and community affairs and manage his
personal investments, provided that such activities do not create a conflict of
interest, are not inconsistent with the interests and purposes of the Company or
the Subsidiary and do not unreasonably interfere with the performance of his
duties or responsibilities as set forth in this Agreement, and provided that
Kane shall not engage in any activities in violation of Articles 7 and 8 of this
Agreement. Kane may also serve as a member of the board of directors of other
organizations, subject to the same limitations, upon advance approval of the
Company President and CEO. For purposes of this section Kane will at no time own
in excess of 1% of the outstanding securities of any publicly traded company
entitled to vote for the election of directors (or other than of a corporation
in which Kane makes passive investments through a venture fund or similar
investment vehicle) that is a Competitor of the Company or Subsidiary.

                                    ARTICLE 2

                             RELATIONSHIP WITH BOARD

         2.1. Prior Authorization of Significant Actions Required. Unless
              ---------------------------------------------------
otherwise specifically permitted by Company or Subsidiary policy, Kane agrees
not to undertake, or authorize any other employee of the Company or Subsidiary
to undertake, any of the following actions, except with the prior written
consent of the Subsidiary Board, which consent may be withheld in the Board's
absolute discretion (or except as authorized by the Company's CEO in certain
instances noted below):

         (a)  guarantee by the Company or the Subsidiary of any loans or
indebtedness of any kind;

         (b)  acquisition or disposition of stock, securities, properties, or
material assets of any corporation, company, or other entity by the Company or
the Subsidiary;

                                      -2-

<PAGE>

         (c)  amendment, change, extension, renewal, waiver, or modification of
any agreement that exceeds $50,000 or involves payment exceeding $50,000 to
which the Company, the Subsidiary, or affiliates are or may be a party, or any
rights or obligations of the parties under any of the foregoing;

         (d)  change or engage in business activities not within the scope of
the corporate purpose of the Company or Subsidiary, or the Company's or
Subsidiary's Articles of Incorporation, Bylaws, or other organizational
documents;

         (e)  sale, assignment, pledge, mortgage, encumbrance or other transfer
affecting assets or real or personal property of the Company or Subsidiary
except in the ordinary course of business;

         (f)  enter into any contract or commitment, or series of contracts or
commitments, written or oral, which in the aggregate, requires the Company or
Subsidiary to expend or incur liability or debt substantially in excess of the
approved Company or Subsidiary budgets for such expenditure;

         (g)  compromise or settle any material claim asserted by or against the
Company or Subsidiary;

         (h)  change the Company's or Subsidiary's certified public accountants,
law firms, or other professionals currently retained or utilized by the Company
or Subsidiary;

         (i)  change location of the principal office, or other facilities of
the Company or Subsidiary;

         (j)  lend money on behalf of the Company or Subsidiary; or

         (k)  add a position or personnel function, hire an officer, or
terminate Company or Subsidiary employees, or enter into employment contracts or
commitments other than on an at-will basis and in accordance with standard
Company terms and conditions without the prior consent of the Company's CEO.

         2.2. Board Action. Unless otherwise noted herein, whenever any action
              ------------
by the Company's Board or the Subsidiary's Board is required or permitted under
this Agreement, the Chairman of the respective Board, or his designee, may
decide and take such action without approval or involvement of the full Board or
a majority of the Board. To the extent required, a vote of the full Board shall
occur at a meeting duly called and held with a quorum acting throughout in
accordance with the applicable Articles of Incorporation and bylaws, and such
action must be evidenced in writing before being effective. Meetings held by the
Board in accordance with this Agreement may be conducted by teleconference, and
in executive session.

                                       -3-

<PAGE>

         2.3. Indemnification.  Kane will be subject to indemnification for
              ---------------
action taken within this authority as President and CEO in accordance with
Company's existing D&O liability policy.

                                    ARTICLE 3

                            COMPENSATION AND BENEFITS

         3.1. Salary. The Company agrees to pay Kane, for services rendered
              ------
hereunder, salary at the annual rate of ONE HUNDRED AND EIGHTY TWO THOUSAND
DOLLARS ($182,000). Such salary shall be payable in equal periodic installments,
not less frequently than monthly, less any sums which may be required to be
deducted or withheld under the provisions of law. Kane's salary may not be
adjusted downward at any time during the term of this Agreement without his
express consent. Kane's salary may be adjusted upward annually at the discretion
of the Company's Board, based upon the Board's assessment of Kane's performance
and the Company's and/or Subsidiary's performance and financial circumstances.
Kane will be considered for his next annual salary raise at the time of his
performance review in March 2002, and will be considered for further raises at
each one-year anniversary thereafter during the term of this Agreement. As
referred to hereinafter, "Salary" means the compensation described in this
                          ------
Section 3.1.

         3.2. General Expenses. Kane is expected from time to time to incur
              ----------------
reasonable and necessary expenses for promoting the business of the Company,
including expenses for travel, entertainment, and other activities associated
with Kane's duties. Reasonable and necessary expenses, as determined by the
Company, incurred by Kane in connection with the performance of his duties
hereunder will be reimbursed provided that Kane follows Company procedures for
the reimbursement of such expenses, including submission of reasonably detailed
verification of the nature and amount of such expenses.

         3.3. Benefits. Except as otherwise provided in this Agreement, Kane
              --------
will be entitled to participate in the same manner as other executive and
managerial employees of the Company in all retirement, health and welfare, and
other fringe benefit programs applicable to other managerial employees of the
Company generally which may be authorized, adopted and amended from time to time
by the Company Board. This includes eligibility to participate in the Company's
qualified retirement plans as permitted by the terms of such plans. Specific
benefits that Kane is eligible to receive include:

         (i)  Medical Insurance. So long as the Company provides health and
dental insurance, Kane (and his eligible family members) shall have the
opportunity to participate in the same manner and on the same terms as other
officers and employees of the Company.

         (ii) Long-term disability. The Company shall pay Kane's full premiums
for long-term disability insurance coverage, providing a disability benefit of
up to 60% of Kane's salary (as defined by the

                                       -4-

<PAGE>

applicable plan or policy), up to a maximum of $10,000 per month, so long as the
Company offers group long-term disability insurance coverage for its employees.

         (iii)  Thrift and Profit Sharing Plan. Kane is eligible to participate
 in the Company Thrift and Profit Sharing in accordance with the terms and
provisions of the Plan.

         (iv)   Annual physical examination. The Company agrees to provide, at
no cost to Kane, one annual physical examination through a doctor of Kane's
choice.

         (v)    Life insurance. The Company shall pay Kane's premiums for his
purchase of a term life insurance policy, providing a death benefit of $500,000,
through a Company-approved carrier.

         (vi)   Vacation. Kane shall be entitled to receive four weeks of
vacation leave each calendar year. Provisions regarding the accrual and
carry-over of any unused vacation time will be governed by the Company's
standard policies.

         3.4.   No Other Compensation. Except as provided in Article 4 hereof,
                ---------------------
Kane shall receive no compensation or remuneration in addition to that set forth
in this Article 3 for any services by him in any capacity to the Company, the
Subsidiary, or any affiliated corporation. Nothing contained herein shall,
however, preclude Kane from receiving any additional discretionary bonus or
compensation specifically approved in writing for Kane in advance by the
Company's Board.

         3.5.   Tax Consequences. Kane acknowledges that, to the extent the
                ----------------
value of any of the benefits provided to him under this Article 3 constitute
taxable income to him, he shall be responsible for the payment of such taxes and
the Company may withhold or deduct to satisfy his tax liability as permitted by
applicable law.

                                    ARTICLE 4

                        VARIABLE AND EQUITY COMPENSATION

         4.1.   Incentive Pay. Kane shall be paid a managerial commission/
                -------------
override as provided in this paragraph. In each calendar year, the Company will
pay Kane an override of 2.5% of gross revenues generated by the Subsidiary
(comprised of fees and commissions paid by customers to the Subsidiary for
brokerage services) until the Subsidiary has reached its target by: (1)
generating a total of $100,000 in gross profit in the calendar year and (2)
achieving two consecutive quarters of profitability in that calendar year. After
the Subsidiary has reached its target for a calendar year, the Company will pay
to Kane all profit generated by the Subsidiary until the total override paid by
the Company to Kane for the calendar year equals 5% of total gross revenues
generated by the Subsidiary to date in that calendar year. If the

                                       -5-

<PAGE>

difference between the 2.5% override and 5% override is fully restored within
the calendar year, the Company will pay Kane an override of 5% of gross revenues
generated by the Subsidiary for any remaining portion of the calendar year. If
by the beginning of the second fiscal year, Kane has not recouped the full 2.5%
reduction, the restoration of those amounts will begin when the Subsidiary has
generated $100,000 in gross profit. Once the full 2.5% has been restored and the
Subsidiary is deemed profitable, Kane will resume earning the original 5%
override of gross revenues generated by the Subsidiary. These override amounts
will be paid to Kane on a monthly basis, 30 days in arrears, following the month
in which the revenues are earned by the Subsidiary.

         Additionally, if the Subsidiary generates $100,000 in profit between
the effective date of this Agreement and June 30, 2002, the Company will award
Kane an option to purchase up to 10,000 shares of Common Stock of the Company at
market price on the date of grant, which will vest on the third anniversary of
the date of the grant, provided that Kane is still employed as President and CEO
of the Subsidiary at that time. If the Subsidiary generates $100,000 in profit
between July 1, 2002 and December 31, 2002, the Company will award Kane an
option to purchase up to 5,000 shares of Common Stock of the Company under the
same terms. The terms of any such option grants will be expressed in a separate
document which will control the terms of such grants.

         4.2.   Equity Bonus. For calendar year 2001, and each subsequent
                ------------
calendar year thereafter, Kane, if he achieves certain performance parameters
established by the Company, will be granted: (i) an option to buy Company stock
up to a value of $37,500 on the date of grant at market price, and (ii) up to a
lump-sum cash payment of $37,500, less applicable deductions or withholding.
These performance goals include (a) the achievement of budgeted profitability,
(b) achievement and stability of an annual 25% ROE minimum, (c) net income
growth of 10% per year or greater, (d) satisfactory regulatory exams; and ( e )
other performance standards established by the Company. The lump-sum cash
incentive payment, if earned, shall be payable in March of each year. The stock
option, if earned, shall be granted and immediately exercisable. The specific
terms and conditions of the Company stock and option grant under this provision
shall be contained in a separate stock and option agreement, executed by the
parties.

                                    ARTICLE 5

                                  TERM; RENEWAL

         5.1.   Term. Kane's employment pursuant to this Agreement shall
                ----
commence on July l, 2001 and expire on June, 2004, at which time this Agreement
shall expire unless extended as provided in Section 5.2, or unless earlier
terminated under Article 6.

         5.2.   Renewal.  At least six (6) months before the expiration of the
                -------
initial term of this Agreement on June 30, 2004, the Company and Kane agree to
discuss whether to extend the terms of

                                       -6-

<PAGE>

the Agreement for an additional two-year period, through June 30, 2006. Unless
Kane is notified by the Company within six (6) months prior to the expiration of
this Agreement that the Company has decided against renewing the Agreement, the
Agreement will be automatically renewed under the existing terms for the stated
two-year period.

                                    ARTICLE 6

                              EVENTS OF TERMINATION

         6.1.   Termination for Failure to Maintain Regulatory Approval. If the
                -------------------------------------------------------
applicable regulatory authorities revoke the necessary approvals for Kane to
serve as President and CEO of the Subsidiary, or otherwise substantially limit
the scope of duties he may perform in that capacity, or limit or curtail the
authority of the Subsidiary, this Agreement shall terminate automatically and be
of no further legal force or effect.

         6.2.   Termination by the Company.
                --------------------------

         (a)    General. The Company shall have the right to terminate this
                -------
Agreement, with or without cause, upon the vote of at least two-thirds of a
quorum of the Company Board, at any time during the tem of this Agreement by
giving written notice to Kane. The termination shall become effective on the
date specified in the notice, which terminiation date shall not be a date prior
to the date fourteen (14) days following the date of the notice of termination
itself. Upon notice of termination, Kane shall cease to exercise authority on
behalf of the Company or Subsidiary without prior approval of their respective
Chairmen, and shall be removed from any seat which he may hold at that time on
either Board of Directors.

         (b)    Cause Defined. For purposes of this Section 6, "cause" shall
                -------------                                   -----
mean (i) a breach by Kane of any covenant or condition of the Agreement; (ii)
the commission by Kane of any act constituting dishonesty, fraud, immoral or
disreputable conduct which is harmful to the Company, or the Subsidiary, or
their reputations; (iii) any felony conviction of Kane; (iv) insubordination or
any act of gross misconduct; (v) material violation by Kane of the Company's or
Subsidiary's policies as set forth in the Company's personnel handbook, if one
has been adopted, or announced by management or the respective Board from time
to time; (vi) violation of the Company's drug and alcohol policy as set forth in
the Company's personnel handbook, if one has been adopted, or announced by
Company management from time to time in writing; or (vii) any conduct that
renders Kane unsuitable for duty as determined by any regulatory authority that
oversees banking or financial institutions. Prior to termination for cause under
subparagraphs (i) and (v) above, Kane shall be notified of the cause for
termination and given sixty (60) days from the date of such notice to cure his
breach.

         6.3.   Termination by Death of Disability of the Employee.
                --------------------------------------------------

                                       -7-

<PAGE>

                (a)    General.  In the event of Kane's death during the term of
                       -------
this Agreement, all obligations of the parties hereunder shall terminate
immediately.

                (b)    Disability. If the Kane is unable to perform his duties
                       ----------
hereunder, with or without any reasonable accommodation (if such accommodation
is legally required), due to mental, physical or other disability for a period
of ninety (90) consecutive days in any 180-day period, as determined in good
faith by the Company Board, this Agreement may be terminated by the Company, at
its option, by written notice to Kane, effective on the termination date
specified in such notice, provided that such termination date shall not be a
date prior to the date of the notice of termination itself.

         6.4.   Termination by Kane. Kane may terminate this Agreement at any
                -------------------
time, with or without cause, by giving written notice to the Company. Any such
termination shall become effective on the date specified in such notice,
provided that the Company may elect to have such termination become effective on
a date after, but not more than, fourteen (14) days after the date of the
notice.

         6.5.   Effect of Expiration or Termination.
                -----------------------------------

                (a)    General. In the event this Agreement expires or is
                       -------
terminated for any reason, then both parties' obligations hereunder shall
immediately cease (including any right to compensation and benefits under
Articles 3 and 4 ), except that: (i) Kane or his estate or personal
representative shall be entitled to receive the Salary owed to him through the
effective date of such expiration or termination and incentive pay, if earned
pursuant to paragraph 4.1; (ii) the Company will pay, or reimburse, Kane's
reasonable and necessary business expenses incurred prior to the date this
Agreement expires or terminates; and (iii) Kane may continue to participate in
any Company benefit plans to the extent he remains eligible to do so.

                (b)    Treatment of Incentive Pay and Equity Bonus.
                       -------------------------------------------
Notwithstanding the above, if this Agreement expires by its terms pursuant to
Article 5, Kane shall receive any Incentive Pay and Equity Bonus he has earned
for the period at issue. Additionally, if the Agreement is terminated by the
Company for any reason other than Cause (including Kane's death or disability),
Kane will be paid his Equity Bonus, if earned, on a pro-rata basis. Such Equity
Bonus will not be available to Kane if he terminates the Agreement or if the
Company terminates the Agreement for Cause.

                (c)    Special payments in the event of termination for other
                       ------------------------------------------------------
than "Cause". Kane also shall be entitled to the following additional payments,
------------
or rights, if the Agreement is terminated without cause by the Company for a
reason other than Kane' death or disability: (i) severance in an amount equal to
six (6) months of his base Salary, less any applicable deductions or
withholding, by a lump-sum payment made within thirty (30) days of the
Agreement's termination date; (ii) the right, for a 90-day period after the date
of termination, to exercise the option under the stock option agreement
referenced in Paragraph 4.2 to the extent the option is exercisable (vested) at
the time of termination. Neither the option

                                      -8-

<PAGE>

nor any stock granted under Section 4.2 will continue to vest with respect to
any additional shares during this 90-day period.

         6.6.   Cooperation.  Following any termination, Kane shall fully
                -----------
cooperate with the Company in all matters in which he was involved and in all
matters related to the handing over and transitioning of his pending work to
other employees of the Company as may be designated by the Company's Board.

                                    ARTICLE 7

                                 NONCOMPETITION

         7.1.   Noncompetition.
                --------------

                (a)    Kane agrees that, during his employment hereunder, and
for a period of six (6) months after the effective date of termination of this
Agreement for any reason, he will not:

                (1)    Compete (as defined below) with the Company or the
         Subsidiary; or

                (2)    Assist a Competitor (as defined below) of the Company or
         the Subsidiary by providing consulting or other advisory services to
         that Competitor.

                (b)    The following terms, as used in this Article 7 shall have
         the meanings set forth below:

                (1)    The term "Business" in the case of the Subsidiary means
                                 --------
         the provision of investment management services, investment sales, and
         purchase and sale of securities on behalf of the customers of the
         Subsidiary, the Company or their affiliates. In the case of the
         Company, the term means the provision of banking and financial
         services, and other businesses or services that the Company may
         establish from time to time during the term of this Agreement.

                (2)    The term "Competitor" means any firm, corporation or
                                 ----------
         entity that is engaged in business substantially similar to the
         Company's or the Subsidiary's Business (as defined above) that has a
         facility within five (5) miles of any financial institution or office
         owned by the Company or Subsidiary.

                (3)    The term "Compete" means to engage in direct competition
                                 -------
         with the Company or the Subsidiary by serving as an employee,
         consultant, officer, director, proprietor, partner, stockholder or
         other security holder (other than a holder of securities of a
         corporation listed on a

                                      -9-

<PAGE>

         national securities exchange or the securities of which are regularly
         traded in the over-the-counter market, provided that Kane at no time
         owns in excess of 1% of the outstanding securities of such corporation
         entitled to vote for the election of directors or other than of a
         corporation in which Kane makes passive investments through a venture
         fund or similar investment vehicle) of any firm, corporation or entity
         that is a Competitor of the Company or Subsidiary.

                (c)    Kane further acknowledges that this Article 7 is material
to the parties' agreement and constitutes an independent covenant within this
Agreement, and that this covenant shall survive any termination of Agreement and
shall be treated as an independent covenant for the purposes of enforcement.

                (d)    Kane shall, during the term of this Agreement and
thereafter, notify any prospective employer of the terms and conditions of this
Agreement regarding confidentiality, nondisclosure and noncompetition.

                                   ARTICLE 8

                       CONFIDENTIALITY AND NON-DISCLOSURE

         8.1.   Kane shall hold in strict confidence and shall not, except in
the proper performance of his duties while employed by the Company and/or the
Subsidiary, either during the term of this Agreement or after the termination
hereof, use or disclose, directly or indirectly, to or for any third party,
person, firm, corporation or other entity, or for his own benefit, irrespective
of whether such person or entity is a competitor of the Company or is engaged in
a business similar to that of the Company or Subsidiary, any trade secrets or
other proprietary or confidential information of the Company or any Subsidiary
or affiliate of the Company or Subsidiary (collectively, "Proprietary
                                                          -----------
Information") obtained by Kane from or through his employment hereunder. Such
-----------
Proprietary Information includes but is not limited to marketing plans, product
plans, business strategies, financial information, forecasts, personnel
information, customer account information and other sensitive or confidential
customer information, and customer lists. Kane hereby acknowledges and agrees
that all Proprietary Information referred to in this Article 8 shall not be used
for any purpose other than his duties hereunder and shall be deemed trade
secrets of the Company or the Subsidiary and of its subsidiaries and affiliates,
and that Kane shall undertake reasonable measures to preserve the
confidentiality of such information at all times and shall take such other
actions and refrain from taking such other actions, as mandated by the
provisions hereof and by the provisions of the Virginia Uniform Trade Secret
Act. Kane further acknowledges that the Company's or Subsidiary's products and
titles may consist of copyrighted material, and Kane shall exercise his best
efforts to prevent the use of such copyrighted material by any person or entity
which has not prior thereto been authorized to use such information by the
Company or Subsidiary. Upon termination of this Agreement, Kane agrees to return
immediately all property and all information, including all copies, in any form,
pertaining to the

                                      -10-

<PAGE>

Company, the Subsidiary, their affiliates and their customers and prospective
customers acquired by him during the term of his employment, except information
which is readily available to the general public.

         8.2.   Kane further hereby agrees and acknowledges that any disclosure
of any Proprietary Information prohibited herein, or any breach of the
provisions of Articles 7 or 8 of this Agreement, may result in irreparable
injury and damage to the Company or Subsidiary which will not be adequately
compensable in monetary damages, that the Company or Subsidiary will have no
adequate remedy at law therefor, and that the Company or Subsidiary may obtain
such preliminary, temporary or permanent mandatory or restraining injunctions,
orders or decrees as may be necessary to protect the Company or Subsidiary
against, or on account of, any breach by Kane of the provisions contained in
Articles 7 and 8.

         8.3.   Kane further agrees that, upon termination of this Agreement,
whether voluntary or involuntary or with or without cause, he shall notify any
new employer, partner, associate or any other firm or corporation with whom Kane
shall become associated in any capacity whatsoever of the provisions of Articles
7 and 8, and that the Company may give such notice to such firm, corporation or
other person.

                                    ARTICLE 9

                                  MISCELLANEOUS

         9.1.   Severability. The Company and Kane recognize that the laws and
                ------------
public policies of the Commonwealth of Virginia are subject to varying
interpretations and change. It is the intention of the Company and of Kane that
the provisions of this Agreement shall be enforced to the fullest extent
permissible under the laws and public policies of Virginia, but that the
unenforceability (or the modification to conform to such laws or public
policies) of any provision or provisions hereof shall not render unenforceable,
or impair, the remainder of this Agreement. Accordingly, if any provisions of
this Agreement shall be determined to be invalid or unenforceable, either in
whole or in part, this Agreement shall be deemed amended to delete or modify, as
necessary, the offending provision or provisions and to alter the balance of
this Agreement in order to render it valid and enforceable

         9.2.   Assignment. Except as provided below, neither the rights nor
                ----------
obligations under this Agreement may be assigned by either party, in whole or in
part, by operation of law or otherwise, except that it shall be binding upon and
inure to the benefit of any successor of the Company and its subsidiaries and
affiliates, whether by merger, reorganization or otherwise, or any purchaser of
all or substantially all of the assets of the Company.

         Notwithstanding the above, the Company may assign this Agreement to the
Subsidiary. In that event, all references to the "Company" in this Agreement are
deemed to be references to the "Subsidiary," (and references to the Company
Board are deemed to refer to the Subsidiary Board), except

                                      -11-

<PAGE>

that any provision of this Agreement which refers to both the "Company" and the
"Subsidiary" separately shall continue to be effective with respect to the
Company after such an assignment (and will also be effective as to the
Subsidiary). Upon an assignment of the Agreement by the Company, any obligations
owed by Kane to the Company under this Agreement shall be owed to the Subsidiary
(except, as noted above, in those instances where specific references have been
made, and obligations are owed, to both entities). Additionally, any references
to the Company's CEO or President shall remain unchanged after such an
assignment, and the rights and duties of the Company's CEO under this Agreement
shall continue in effect after any assignment.

         9.3.   Notices.       Any notice expressly provided for under this
                -------
Agreement shall be in writing, shall be given either manually or by mail and
shall be deemed sufficiently given when actually received by the party to be
notified or when mailed, if mailed by certified or registered mail, postage
prepaid, addressed to such party at their addresses as set forth below. Either
party may, by notice to the other party, given in the manner provided for
herein, change their address for receiving such notices.

If to the Company, to:

         L. Burwell Gunn
         President & CEO
         Cardinal Financial Corporation
         10555 Main Street
         Fairfax, Virginia 22030

If to Kane, to:

         Thomas C. Kane
         9940 Hampton Road

         Fairfax Station, Virginia 22039

         9.4.   Governing Law. This Agreement shall be executed, construed and
                -------------
performed in accordance with the laws of the Commonwealth of Virginia without
reference to conflict of laws principles. The parties agree that the venue for
any dispute hereunder will be the state or federal courts sitting in Virginia
and the parties hereby agree to the exclusive jurisdiction thereof.

         9.5.   Headings.   The section headings contained in this Agreement are
                --------
for reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

         9.6.   Entire Agreement; Amendments.  This Agreement constitutes and
                ----------------------------
embodies the entire agreement between the parties in connection with the subject
matter hereof and supersedes all prior and contemporaneous promises,
discussions, agreements and understandings in connection with such

                                      -12-

<PAGE>

subject matter. No covenant or condition not expressed in this Agreement shall
affect or be effective to interpret, change or restrict this Agreement. In the
event of a conflict or inconsistency between the terms of this Agreement and the
Company's policies regarding employees, the terms of this Agreement shall
supersede the conflicting or inconsistent Company policies. No change,
termination or attempted waiver of any of the provisions of this Agreement shall
be binding unless in writing signed by Kane and on behalf of the Company by an
officer thereunto duly authorized by the Company's Board of Directors. No
modification, waiver, termination, rescission, discharge or cancellation of this
Agreement shall affect the right of any party to enforce any other provision or
to exercise any right or remedy in the event of any other default.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                    COMPANY:
                                    --------

                                    CARDINAL FINANCIAL CORPORATION

                                    By:    /s/ L. Burwell Gunn
                                         -------------------------------------
                                    Title:  President

                                    EMPLOYEE;

                                      /s/ Thomas C. Kane               8/27/01
                                    ------------------------------------------
                                    Thomas C. Kane                     Date

                                      /s/ Joan Mulligan                8/27/01
                                    ------------------------------------------
                                    Witnessed                          Date

                                    Joan Mulligan                      8/27/01
                                    ------------------------------------------
                                    (name)

                                      -13-

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