Exelixis, Inc. Executive Officer Compensation Disclosure for 2007–2008
This document from Exelixis, Inc. outlines the compensation details for its named executive officers, including the actual cash bonuses awarded for 2007 and the base salaries and target bonus percentages set for 2008. The officers listed are George Scangos, Michael Morrissey, Frank Karbe, and Pamela Simonton. The table specifies each executive's 2007 bonus (to be paid in January 2008), 2008 annual base salary, and the percentage of base salary targeted for 2008 bonuses.
EXHIBIT 10.1
COMPENSATION INFORMATION FOR NAMED EXECUTIVE OFFICERS
The table below provides information regarding the 2007 actual cash bonus amount and the 2008 base salary and target cash bonus amount for each “named executive officer” of Exelixis, Inc.
| Named Executive Officer | 2007 Actual Cash Bonus* | 2008 Annual Base Salary | 2008 Target Cash Bonus (% of 2008 Base Salary) | ||||||
| George Scangos (principal executive officer) | $ | 477,000 | $ | 850,000 | 60 | % | |||
| Michael Morrissey | $ | 220,286 | $ | 484,629 | 50 | % | |||
| Frank Karbe (principal financial officer) | $ | 173,250 | $ | 411,950 | 45 | % | |||
| Pamela Simonton | $ | 118,404 | $ | 372,128 | 45 | % | |||
| * | To be paid in January 2008. |
