Exelixis, Inc. Non-Employee Director Cash Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
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 different compensation amounts for service on the Board of Directors and its committees, including Audit, Compensation, Nominating and Corporate Governance, and Research & Development. Meeting fees are paid only after a specified number of meetings per year. The agreement ensures non-employee directors are compensated for their service and responsibilities.

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EX-10.2 3 exel2022630exhibit10210q.htm EX-10.2 Document

Exhibit 10.2

CASH COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS
 
Exelixis, Inc.
Cash Compensation for Non-Employee Directors

Board of DirectorsRetainer Fee$55,000
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

1Meetings for which minutes are generated count toward the meeting threshold to determine when Meeting Fees are to be paid.
2Meeting Fee paid for all meetings in excess of eight meetings.
3Meeting Fee paid for all meetings in excess of seven meetings.
4Meeting Fee paid for all meetings in excess of four meetings.













    
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