Exelixis, Inc. 2006 Non-Employee Director Compensation Summary

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2006 compensation structure for non-employee directors of Exelixis, Inc. It details cash payments for board and committee service, including annual retainers, additional fees for committee chairs, and per-meeting fees. It also specifies equity compensation, granting new directors an initial stock option grant and all non-employee directors an annual stock option grant. The agreement sets out the amounts and conditions for each type of compensation, ensuring transparency in how non-employee directors are paid for their service.

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EX-10.3 4 dex103.htm COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS. Compensation Information for Non-Employee Directors.

EXHIBIT 10.3

 

COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS

 

Exelixis, Inc.

2006 Cash Compensation for Non-Employee Directors

 

Board of Directors    Retainer Fee    $ 20,000
   Additional Chair Retainer Fee    $ 10,000
   Regular Meeting Fee    $ 2,500
   Special Meeting Fee*    $ 500
Audit Committee    Retainer Fee    $ 6,000
   Additional Chair Retainer Fee    $ 6,000
   Meeting Fee**    $ 1,000
Compensation Committee    Retainer Fee    $ 5,000
   Additional Chair Retainer Fee    $ 2,500
   Meeting Fee**    $ 1,000
Nominating & Corporate Governance Committee    Retainer Fee    $ 5,000
   Additional Chair Retainer Fee    $ 2,500
   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.

2006 Equity Compensation for Non-Employee Directors

 

Board of Directors    Initial Option Grant*    Number of Options    25,000
   Annual Option Grant    Number of Options    10,000

 

* For new directors only.