Exelixis, Inc. 2010 Non-Employee Director Compensation Schedule
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.
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. |
