BANCORP RHODE ISLAND INC
EXHIBIT 10 TO FORM 8-K INCENTIVE COMPENSATION
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<DESCRIPTION>EXHIBIT 10 TO FORM 8-K INCENTIVE COMPENSATION
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<title> Exhibit 10 to Form 8-K
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                                                                    Exhibit 10
                           BANCORP RHODE ISLAND, INC.
                        2005 Incentive Compensation Grid


------------------------- ---------------- ------------------ -------------
                             Threshold          Target          Maximum
------------------------- ---------------- ------------------ -------------
------------------------- ---------------- ------------------ -------------
 Percentage of Budgeted        90.0%             100%            104.0%
       Net Income
------------------------- ---------------- ------------------ -------------
------------------------- ---------------- ------------------ -------------
 Base Bonus Percentage         50.0%            90.0%            100.0%

          CEO                  30.00%           54.00%           60.00%
          COO                  25.00%           45.00%           50.00%
    Other Executives           20.00%           36.00%           40.00%
------------------------- ---------------- ------------------ -------------







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