Exelixis, Inc. Special One-Time Cash Bonus Agreement for Named Executive Officers
Exelixis, Inc. has agreed to pay a special one-time cash bonus to its named executive officers in December 2012. The agreement lists the specific bonus amounts for each executive, including the President and CEO, CFO, and other key officers. This bonus is a single payment and is not part of the regular compensation structure. The agreement outlines the recipients and the exact amounts they will receive, with no additional conditions or ongoing obligations mentioned.
Exhibit 10.1
SPECIAL ONE-TIME CASH BONUS INFORMATION FOR THE COMPANY’S NAMED EXECUTIVE
OFFICERS
The table below sets forth the amount of the one-time special cash bonus to be paid in December 2012 to each “named executive officer” of Exelixis, Inc.
| Name | Special One-Time Cash Bonus (1) | |||
| Michael M. Morrissey, Ph.D. President and Chief Executive Officer (principal executive officer) | $ | 64,500 | ||
| Frank L. Karbe Executive Vice President and Chief Financial Officer (principal financial officer) | $ | 34,400 | ||
| J. Scott Garland Executive Vice President and Chief Commercial Officer | $ | 30,100 | ||
| Gisela M. Schwab, M.D. Executive Vice President and Chief Medical Officer | $ | 75,000 | ||
| Pamela A. Simonton, J.D., LL.M. Executive Vice President and General Counsel | $ | 30,100 | ||
| (1) | To be paid in December 2012. |
