Summary of Compensation Arrangements for Non-Employee Directors of Craft Brewers Alliance, Inc.

Summary

This document outlines the compensation for non-employee directors of Craft Brewers Alliance, Inc. Non-employee directors, except those designated by Anheuser-Busch, receive an annual grant of 3,000 shares of company stock upon election at the Annual Meeting of Shareholders. All non-employee directors receive a $20,000 annual cash retainer, paid quarterly. Additional annual cash compensation is provided for committee chairs and members, with amounts varying by committee and role, and is also paid quarterly.

EX-10.23 3 v51183exv10w23.htm EX-10.23 exv10w23

EXHIBIT 10.23

SUMMARY OF
COMPENSATION ARRANGEMENTS FOR NON-EMPLOYEE DIRECTORS

Non-employee directors of Craft Brewers Alliance, Inc. currently receive stock-based and cash compensation for their service on the board of directors as follows:

Stock-based Compensation:

Each non-employee director, other than directors designated by Anheuser-Busch, Inc., receives an annual grant of 3,000 shares of common stock of Craft Brewers Alliance, Inc. upon election to the board of directors at the Annual Meeting of Shareholders.

Cash Compensation:

Each non-employee director is entitled to receive an annual cash retainer of $20,000, paid quarterly.

The Chair of the Audit Committee is entitled to receive additional annual compensation of $15,000, while each other member of the Audit Committee is entitled to receive additional annual compensation of $4,000. The Chairs of each of the Nominating and Governance, Compensation, and Strategic Planning Committees are entitled to receive additional annual compensation of $10,000, while all other committee members are entitled to receive additional annual compensation of $2,000 for each committee position. Committee compensation is paid quarterly.