Exelixis, Inc. Executive Compensation Disclosure for 2009–2010
This document from Exelixis, Inc. outlines the actual cash bonuses paid to its named executive officers for 2009, as well as their base salaries and target bonus percentages for 2010. The agreement lists the specific compensation amounts for each executive, including the CEO and CFO. The 2009 bonuses are scheduled for payment in March 2010. This disclosure is intended to provide transparency regarding executive pay practices at the company.
Exhibit 10.21
COMPENSATION INFORMATION FOR NAMED EXECUTIVE OFFICERS
The table below provides information regarding the 2009 actual cash bonus amount and the 2010 base salary and target cash bonus amount for each “named executive officer” of Exelixis, Inc.
| Named Executive Officer | 2009 Actual Cash Bonus(1) | 2010 Annual Base Salary | 2010 Target Cash Bonus (% of 2010 Base Salary) | ||||||
| George Scangos (principal executive officer) | $ | 300,000 | $ | 879,750 | 60 | % | |||
| Michael Morrissey | $ | 218,083 | $ | 501,591 | 50 | % | |||
| Frank Karbe (principal financial officer) | $ | 150,000 | $ | 426,368 | 45 | % | |||
| Pamela Simonton | $ | 115,360 | $ | 385,152 | 45 | % | |||
| Gisela Schwab | $ | 145,530 | $ | 418,399 | 45 | % | |||
| (1) | To be paid in March 2010. |
