Exelixis, Inc. Non-Employee Director Cash Compensation Policy

Summary

This document outlines the cash compensation structure for non-employee directors of Exelixis, Inc. It specifies annual retainer fees, additional fees for committee chairs, and meeting fees for participation in board and committee meetings. The policy details compensation for service on the Board of Directors and its various committees, including Audit, Compensation, Nominating and Corporate Governance, Research & Development, and Risk Committees. Meeting fees are paid only after a specified number of meetings per year. The policy ensures transparent and consistent compensation for non-employee directors.

EX-10.29 3 exel20191231exhibit1029.htm EXHIBIT 10.29 Exhibit

Exhibit 10.29

CASH COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS

Exelixis, Inc.

Cash Compensation for Non-Employee Directors



Board of Directors	Retainer Fee	$50,000
	Additional Chair Retainer Fee	$31,000
	Meeting Fee¹²	$2,500

Audit Committee	Retainer Fee	$12,000
	Additional Chair Retainer Fee	$13,000
	Meeting Fee¹³	$1,000

Compensation Committee	Retainer Fee	$10,000
	Additional Chair Retainer Fee	$10,000
	Meeting Fee¹³	$1,000

Nominating and Corporate Governance Committee	Retainer Fee	$5,000
	Additional Chair Retainer Fee	$10,000
	Meeting Fee¹⁴	$1,000

Research & Development Committee	Retainer Fee	$5,000
	Additional Chair Retainer Fee	$10,000
	Meeting Fee¹⁴	$1,000

Risk Committee	Retainer Fee	$5,000
	Additional Chair Retainer Fee	$10,000
	Meeting Fee¹⁴	$1,000


¹	Meetings for which minutes are generated count toward the meeting threshold to determine when Meeting Fees are to be paid.


²	Meeting Fee paid for all meetings in excess of eight meetings.


³	Meeting Fee paid for all meetings in excess of seven meetings.


⁴	Meeting Fee paid for all meetings in excess of four meetings.