Exelixis, Inc. 2010 Non-Employee Director Compensation Schedule

Summary

This document outlines the 2010 compensation plan for non-employee directors of Exelixis, Inc. It specifies annual cash retainers, additional fees for committee chairs, and per-meeting fees for attending 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 plan details the amounts and conditions for each type of compensation, ensuring transparency in how directors are paid for their service.

EX-10.1 2 dex101.htm COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS Compensation Information for Non-Employee Directors

Exhibit 10.1

COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS

Exelixis, Inc.

2010 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.

2010 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.