Exelixis, Inc. Non-Employee Director Cash Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the cash compensation structure for non-employee directors of Exelixis, Inc. It specifies annual retainer fees, additional fees for committee chairs, and meeting fees for participation in board and committee meetings. The policy details the amounts paid for each role and sets thresholds for when meeting fees apply. The compensation plan ensures non-employee directors are paid for their service and participation in board and committee activities.

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EX-10.3 4 exel20190331exhibit103.htm EXHIBIT 10.3 Exhibit

Exhibit 10.3

CASH COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS
 
Exelixis, Inc.
Cash Compensation for Non-Employee Directors

Board of Directors
Retainer Fee

$50,000

 
Additional Chair Retainer Fee

$31,000

 
Meeting Fee12

$2,500


Audit Committee
Retainer Fee

$12,000

 
Additional Chair Retainer Fee

$13,000

 
Meeting Fee13

$1,000


Compensation Committee
Retainer Fee

$10,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee13

$1,000


Nominating and Corporate Governance Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee14

$1,000


Research & Development Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee14

$1,000


1 
Meetings for which minutes are generated count toward the meeting threshold to determine when Meeting Fees are to be paid.
2 
Meeting Fee paid for all meetings in excess of eight meetings.
3 
Meeting Fee paid for all meetings in excess of seven meetings.
4 
Meeting Fee paid for all meetings in excess of four meetings.