2011 Executive Compensation Summary for Exelixis, Inc. Named Executive Officers
This document outlines the 2011 base salaries and target cash bonus percentages for the named executive officers of Exelixis, Inc. The officers listed are Michael M. Morrissey, Frank L. Karbe, Frances K. Heller, and Gisela M. Schwab. Each officer's annual base salary and the percentage of that salary eligible as a target cash bonus are specified. The agreement sets out compensation terms for the year 2011 only and does not include other employment terms or benefits.
Exhibit 10.21
COMPENSATION INFORMATION FOR NAMED EXECUTIVE OFFICERS
The table below provides information regarding the 2011 base salary and target cash bonus amount for each “named executive officer” of Exelixis, Inc.
| 2011 Annual | 2011 Target Cash Bonus | |||||||
| Named Executive Officer | Base Salary | (% of 2011 Base Salary) | ||||||
| Michael M. Morrissey (principal executive officer) | $ | 602,000 | 60 | % | ||||
| Frank L. Karbe (principal financial officer) | $ | 426,368 | 45 | % | ||||
| Frances K. Heller | $ | 424,350 | 45 | % | ||||
| Gisela M. Schwab | $ | 418,399 | 45 | % | ||||
