ex10p21.htm


    
      

    


    Exhibit
      10.21

    


    


    SUMMARY
      OF COMPENSATION OF NON-EMPLOYEE DIRECTORS OF

    ANHEUSER-BUSCH
      COMPANIES, INC.

    


    Each
      non-employee director of Anheuser-Busch Companies, Inc. (the “Company”) is
      entitled to:

    


    
      	
              1.

            	
              An
                annual retainer of $75,000 (effective October 1, 2007), which such
                director may elect to receive in stock, cash or a combination of
                stock and
                cash under the Anheuser-Busch Companies, Inc. Non-Employee Director
                Elective Stock Acquisition Plan amended and restated as of March
                1,
                2000;

            


    

    


    
      	
              2.

            	
              A
                fee of $2,000 per meeting for each meeting of the Board or any committee
                of the Board or other scheduled meeting of the directors of the Company
                at
                which less than a quorum is
                present;

            


    

    


    
      	
              3.

            	
              An
                annual fee of $75,000 less any board service fees that the director
                is
                paid by an affiliate company for service as a representative of the
                Company’s Board of Directors on the Board of an affiliated
                company;

            


    

    


    
      	
              4.

            	
              An
                annual fee of $10,000 for serving as the chair of the Compensation,
                Conflict of Interest, Corporate Governance, Finance, and Pension
                Committees of the Board; and

            


    

    


    
      	
              5.

            	
              An
                annual fee of $15,000 for serving as the chair of the Audit Committee
                of
                the Board.

            


    

    


    Under
      the Anheuser-Busch Companies, Inc. Deferred Compensation Plan for Non-Employee
      Directors, amended and restated as of March 1, 2000, each such director may
      elect to defer payment of part or all of their directors’ fees.

    


    The
      Company pays for the travel and accommodation expenses of such director (and
      spouse when requested by the Company) to attend meetings or corporate functions;
      the Company will also pay the taxes related to such payments.  Such
      travel is by Company aircraft if available.  As part of their
      continuing education, such directors are encouraged to visit Company facilities
      and the Company pays their expenses related to such visits.  The
      Company reimburses such directors for their expenses incurred in attending
      director education courses.  The Company provides any Director who is
      not a current or former employee of the Company and who may desire life
      insurance under the Group Insurance Plan with such coverage to the extent of
      $50,000 coverage amount, which coverage remains in effect following the
      Director’s retirement from the Board.

    


    Under
      the Anheuser-Busch Companies, Inc. Stock Plan for Non-Employee Directors as
      amended and restated, each such director receives an annual grant of options
      to
      purchase 5,000 shares of the Company’s common stock (or 5,000 stock appreciation
      rights if a director is unable to own the Company’s common stock due to possible
      conflicts with state alcoholic beverage control laws).

    


    Under
      the Anheuser-Busch Companies, Inc. 2006 Restricted Stock Plan for Non-Employee
      Directors, each such director receives an annual award of 500 shares of
      Restricted Stock (or 500 shares of Restricted Stock units if a director is
      unable to own the Company’s common stock due to possible conflicts with state
      alcoholic beverage control laws).

    


    The
      directors are eligible to participate in the Anheuser-Busch Foundation Matching
      Gift Program.  The maximum gift total for a participant in this
      Program is $10,000 in any calendar year.