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EXHIBIT 10.22
SUMMARY SHEET
OF
DIRECTOR COMPENSATION AND EXECUTIVE CASH COMPENSATION
DIRECTOR COMPENSATION
Non-employee directors of Redhook are currently entitled to receive
both
stock-based and cash compensation for their service on the Redhook
board.
Effective January 1, 2006, each non-employee director (other
than
Anheuser-Busch, Incorporated Designated directors) will receive an
annual grant
of 3,500 shares of common stock of the Company. The stock grant
will be awarded
upon a director's election to the Board following the Company's
Annual Meeting
of Shareholders. The non-employee directors will no longer
participate in the
2002 Stock Option Plan.
Each
non-employee director will also receive annual compensation of
$10,000, which will be paid quarterly. The Chair of each of the
Nominating and
Governance, Audit, Marketing and Compensation Committees will
receive additional
annual compensation of $4,000, which will be paid following the
Annual Meeting
of Shareholders. Each Audit Committee member, other than the Chair,
will receive
an additional annual payment of $1,000.
EXECUTIVE OFFICER COMPENSATION
The
current base
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