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                                                                   EXHIBIT 10.22

NON-EMPLOYEE DIRECTOR COMPENSATION

     On December 13, 2006, upon the recommendation of the Compensation
Committee, the Board of Directors of Quiksilver, Inc. (the "Company") approved
the following revised compensation structure for non-employee directors.

Cash Compensation

     Effective November 1, 2006, non-employee directors of the Company will
receive the following cash compensation:

     -    $50,000 annual cash retainer;

     -    $30,000 additional annual cash retainer for the Chair of the Audit
          Committee.

     -    $20,000 additional annual cash retainer for the Chair of other Board
          committees.

     -    $15,000 additional cash retainer per committee membership, excluding
          Chairs.

The annual cash retainers will be payable quarterly.

Equity Compensation

     Under the Company's 2000 Stock Incentive Plan (the "2000 Plan"), each
non-employee director is automatically granted an option to purchase 60,000
shares of common stock when he or she first becomes a member of the Board of
Directors, and such stock options vest over a three-year period in equal annual
installments. Each non-employee director also receives an annual stock option
grant to purchase 20,000 shares, which are immediately vested, upon re-election
of the director at each annual meeting of stockholders, provided that such
director has been on the Board for a minimum of six months. The shares subject
to the 60,000 share option grant vest immediately upon the director's death or
permanent disability or an acquisition of the Company (whether by merger, asset
sale or sale of stock by the stockholders). The options are granted at an
exercise price equal to the fair market value of the common stock on the date of
grant and expire on the earlier of 10 years from the date of grant or 12 months
after a director's termination from the Board.

     Subject to stockholder approval at the Company's 2007 annual meeting, the
current automatic option grant program under the 2000 Plan is expected to be
replaced with a new equity compensation program for non-employee directors
consisting of both stock options and restricted stock. If the new equity
compensation program is approved by the Company's stockholders, the 60,000 share
option grant upon first becoming a non-employee director of the Company will be
eliminated and the 20,000 share annual option grant will be reduced to 7,500
shares. In addition, the maximum term of the options will be reduced from ten to
seven years. Also, if the new equity compensation program is approved by the
Company's stockholders, on the date of each annual stockholders meeting, each
individual who is to continue to serve as a non-employee Board member after such
meeting will also be automatically granted 5,000 restricted shares of

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common stock. The shares subject to each automatic restricted stock award will
vest and all restrictions will lapse upon the individual's completion of three
years of Board service measured from the restricted stock award date.

     The form and manner of implementing the new equity compensation program, if
approved by the Company's stockholders, has not been finalized, but it is
anticipated that the Board will propose to the Company's stockholders that the
2000 Plan be amended and/or a new plan be adopted to implement the program. In
light of the intent to propose a new equity compensation program for
non-employee directors to the Company's stockholders, the Compensation Committee
has suspended that portion of the existing automatic option grant program under
the 2000 Plan which provides for the automatic grant of an option to acquire
60,000 shares of common stock to each non-employee Board member upon first
becoming a member of the Board, as well as the automatic annual stock option
grant to acquire 20,000 shares upon re-election of the director at each annual
stockholders meeting. In the event that the new equity compensation program to
be proposed to the Company's stockholders is not approved by the stockholders,
the current automatic option grant program, including the 60,000 share option
grant upon first becoming a director and the annual 20,000 share option grant,
will remain in place.

Clothing Allowance and Expense Reimbursement

     Non-employee directors will continue to receive an annual allowance of up
to $2,000 to purchase apparel and other Company products. Directors will also
continue to be reimbursed for travel and other out-of-pocket expenses incurred
by them that are incidental to their service as directors.