2014 Non-Employee Director Compensation Cash Compensation Board of DirectorsRetainer Fee $25,000 Additional Chair Retainer Fee $30,000 Regular Meeting Fee $2,500 Special MeetingFee* $1,000 Audit CommitteeRetainer Fee $6,000 Additional Chair Retainer Fee $15,000 Meeting Fee** $1,000 Compensation CommitteeRetainer Fee $5,000 Additional Chair Retainer Fee $10,000 Meeting Fee** $1,000 Nominating& Corporate Governance CommitteeRetainer Fee $5,000 Additional Chair Retainer Fee $10,000 Meeting Fee** $1,000 Research& Development CommitteeRetainer Fee $10,000 Additional Chair Retainer Fee $10,000 Meeting Fee** $5,000
EX-10.3 2 exel20140331exhibit103.htm COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS EXEL 2014.03.31 Exhibit 10.3
Exhibit 10.3
2014 Non-Employee Director Compensation
Cash Compensation
Board of Directors | Retainer Fee | $25,000 | ||
Additional Chair Retainer Fee | $30,000 | |||
Regular Meeting Fee | $2,500 | |||
Special Meeting Fee* | $1,000 | |||
Audit Committee | Retainer Fee | $6,000 | ||
Additional Chair Retainer Fee | $15,000 | |||
Meeting Fee** | $1,000 | |||
Compensation Committee | Retainer Fee | $5,000 | ||
Additional Chair Retainer Fee | $10,000 | |||
Meeting Fee** | $1,000 | |||
Nominating & Corporate Governance Committee | Retainer Fee | $5,000 | ||
Additional Chair Retainer Fee | $10,000 | |||
Meeting Fee** | $1,000 | |||
Research & Development Committee | Retainer Fee | $10,000 | ||
Additional Chair Retainer Fee | $10,000 | |||
Meeting Fee** | $5,000 | |||
* Meeting at which minutes are generated.
** In-person meeting or teleconference at which minutes are generated.
Equity Compensation
Board of Directors | Initial Option Grant* | Number of Options | 65,000 |
Annual Option Grant** | Number of Options | 40,000 | |
* For new directors only. Vests over four years, with one year cliff vesting and then monthly thereafter.
** Vests monthly over one year.
