Document:

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.EXHIBIT 10.1
                                                                    ------------

                                  AMENDMENT TO
                              EMPLOYMENT AGREEMENT

     This Amendment to Employment Agreement is made as of October 22, 2007, by
and between Birmingham Utilities, Inc., a Connecticut corporation (the
"Company"), and John Tomac ("Executive").

     WHEREAS, the Company and Executive entered into an Employment Agreement
(the "Agreement") as of October 1, 1998; and

     WHEREAS, the Company and Executive desire to amend the Agreement to conform
with the requirements of Code Section 409A as set forth in this Amendment; and

     WHEREAS, BIW Limited, the parent corporation of the Company, has entered
into a series of agreements dated as of June 29, 2007, with various unrelated
buyers resulting from bona fide arms-length negations, to sell the Company and
its affiliates (the "Sale of the Company and its Affiliates").

     NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, the Agreement is hereby amended as follows:

     (1)  Effective as of January 1, 2005, Section 4(c) of the Agreement is
          hereby deleted in its entirety, and the following substituted
          therefor:

          (c) Termination upon Breach by Company. This Agreement may be
          terminated by Executive at his option in the event of a breach hereof
          by the Company. In the event of such termination, and provided that
          Executive has a Separation from Service as defined in Treas. Reg.
          ss.1.409A-1(h), Executive shall continue to receive his Base Salary
          (as defined in 3(a), above), for the balance of the Employment Period.
          Payment of such amount shall be made monthly in accordance with usual
          payroll practices of the Company, provided that no payment shall be
          made prior to the first day of the seventh (7th) month following such
          Separation from Service, at which time such amounts that would
          otherwise have been paid during such six month delay shall be paid in
          a single lump sum.

     (2)  Effective as of January 1, 2005, Section 4(e) of the Agreement is
          hereby amended by adding the following at the end thereof:

          Notwithstanding the foregoing, (i) no severance payment shall be made
          under this Section 4(e) unless the termination of employment
          constitutes a Separation from Service as defined in Treas. Reg.
          ss.1.409A-1(h); and (ii) the severance payment shall be made in a
          single lump sum as of the first day of the seventh (7th) month
          following the Separation from Service.

     (3)  Effective as of January 1, 2005, Section 4(f) of the Agreement is
          hereby amended by striking the last sentence and adding the following
          at the end thereof:

          "Disability" shall mean Disability as defined in Code ss.409A and the
          regulations thereunder.
<PAGE>

     (4)  Effective as of January 1, 2005, Section 4(g) of the Agreement is
          hereby deleted in its entirety and the following substituted therefor:

          (g) Payment Upon Termination In Connection with a Change of Control.

               (i) Notwithstanding any other provision hereof, should a Change
               of Control of the Company (as such term is defined below) occur
               during his term of employment, Executive may, upon such Change of
               Control, elect to terminate this Agreement and Separate from
               Service (as defined in Treas. Reg. ss.1.409A-1(h)). Upon such
               Separation from Service, Executive shall be vested in, and
               entitled to receive, a lump sum cash payment (the "Change of
               Control Payment") equal to two (2) times the greater of the
               following: (A) Executive's compensation (the "Compensation") from
               the Company for services rendered for the last full fiscal year
               immediately preceding the Change of Control; or (B) Executive's
               average annual Compensation with respect to the two (2) most
               recent fiscal years ending before such Change of Control.
               Compensation as described above shall include all Base Salary,
               bonus and other cash incentive payments to Executive for services
               rendered for the time period in question.

               (ii) Payment of the Change of Control Payment shall be made in a
               single lump sum as of the first day of the seventh (7th) month
               following the Separation from Service, and shall not be reduced
               by any compensation which Executive may receive from employment
               with another employer.

               (iii) For purposes of this Agreement, a "Change of Control" shall
               mean any of the following events, provided, however, that vesting
               and payment of the benefit described in Section 4(g)(i) shall
               only be made if the occurrence of such event also constitutes a
               "Change in Ownership" or "Change of Effective Control" of the
               Company as those terms are defined in Treasury Regulation
               ss.1.409A-3(i)(5): (A) the date of a merger, acquisition,
               consolidation, sale of assets or other reorganization to which
               the Company is a party, as a consequence of which members of the
               Company's Board of Directors in office immediately prior to such
               transaction constitute less than a majority of the appropriate
               Board of Directors immediately thereafter; (B) the date that any
               one person, or more than one person acting as a group (as defined
               in Treasury Regulation ss.1.409A-3(i)(5)(v)(B)), acquires
               ownership of stock of the Company that, together with stock held
               by such person or group, constitutes more than fifty percent
               (50%) of the total fair market value or total voting power of the
               stock of the Company; or (C) the date any one person, or more
               than one person acting as a group (as defined in Treasury
               Regulation ss.1.409A-3(i)(5)(v)(B)), acquires (or has acquired
               during the 12-month period ending on the date of the most recent
               acquisition by such person or persons) ownership of stock of the
               Company possessing thirty percent (30%) or more of the total
               voting power of the stock of the Company (collectively, a "409A
               Change of Control").

     (5)  All other terms and conditions of the Agreement remain in full force
          and effect.

                                       2
<PAGE>

     IN WITNESS WHEREOF, this Amendment shall be effective as of the date first
written above.

BIRMINGHAM UTILITIES, INC.

By:   /s/ Betsy Henley-Cohn
    ---------------------------------------
      Name: Betsy Henley-Cohn
      Its: Chairwoman

EXECUTIVE

      /s/ John Tomac
    ---------------------------------------
Name:  John Tomac

                                       3

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