Exelixis, Inc. 2011 Non-Employee Director Compensation Policy

Summary

This document outlines the 2011 compensation policy for non-employee directors of Exelixis, Inc. It specifies annual cash retainers, additional fees for committee chairs, and meeting fees for participation in board and committee meetings. Non-employee directors also receive stock option grants, including an initial grant for new directors and annual grants for ongoing service. The policy details the amounts and conditions for each type of compensation, ensuring transparency in how directors are paid for their service.

EX-10.22 6 dex1022.htm COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS Compensation Information for Non-Employee Directors

Exhibit 10.22

COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS

Exelixis, Inc.

2011 Cash Compensation for Non-Employee Directors


Board of Directors	Retainer Fee	$	20,000
	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.

Exelixis, Inc.

2011 Equity Compensation for Non-Employee Directors


Board of Directors	Initial Option Grant*	Number of Options	25,000
	Annual Option Grant	Number of Options	15,000

*	For new directors only.