Exelixis, Inc. Executive Officer Compensation Disclosure for 2011–2012
This document from Exelixis, Inc. outlines the compensation details for its named executive officers, including the actual cash bonuses awarded for 2011 and the base salaries and target bonus percentages set for 2012. The officers listed are Michael M. Morrissey, Frank Karbe, and Gisela M. Schwab. The agreement specifies the amounts each executive will receive and the timing of bonus payments, providing transparency regarding executive pay for the specified years.
Exhibit 10.1
COMPENSATION INFORMATION FOR NAMED EXECUTIVE OFFICERS
The table below provides information regarding the 2011 actual cash bonus amount and the 2012 base salary and target cash bonus amount for each “named executive officer” of Exelixis, Inc.
| Named Executive Officer | 2011 Actual Cash Bonus(1) | 2012 Annual Base Salary | 2012 Target Cash Bonus (% of 2012 Base Salary) | |||||||||
| Michael M. Morrissey (principal executive officer) | $ | 216,687 | $ | 622,976 | 60 | % | ||||||
| Frank Karbe (principal financial officer) | $ | 115,119 | $ | 441,291 | 45 | % | ||||||
| Gisela M. Schwab | $ | 112,968 | $ | 443,043 | 45 | % | ||||||
| (1) | To be paid in March 2012. |
