Exelixis, Inc. 2018 Non-Employee Director Cash Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2018 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, with extra payments for meetings exceeding certain thresholds. The agreement ensures non-employee directors are compensated for their time and responsibilities in overseeing company governance.

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EX-10.35 8 exel20171231exhibit1035.htm EXHIBIT 10.35 Exhibit

Exhibit 10.35

CASH COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS
 
Exelixis, Inc.
2018 Cash Compensation for Non-Employee Directors
Board of Directors
Retainer Fee

$50,000

Additional Chair Retainer Fee

$30,000

Meeting Fee12

$2,500

Audit Committee
Retainer Fee

$10,000

Additional Chair Retainer Fee

$15,000

Meeting Fee13

$1,000

Compensation Committee
Retainer Fee

$8,000

Additional Chair Retainer Fee

$12,000

Meeting Fee13

$1,000

Nominating & 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

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.