Exhibit 10.3

CASH COMPENSATION INFORMATION FOR NON-EMPLOYEE DIRECTORS
 
Exelixis, Inc.
Cash Compensation for Non-Employee Directors

Board of Directors
Retainer Fee

$50,000

 
Additional Chair Retainer Fee

$31,000

 
Meeting Fee12

$2,500

Audit Committee
Retainer Fee

$12,000

 
Additional Chair Retainer Fee

$13,000

 
Meeting Fee13

$1,000

Compensation Committee
Retainer Fee

$10,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee13

$1,000

Nominating and Corporate Governance Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee14

$1,000

Research & Development Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee14

$1,000

1 
Meetings for which minutes are generated count toward the meeting threshold to
determine when Meeting Fees are to be paid.

2 
Meeting Fee paid for all meetings in excess of eight meetings.

3 
Meeting Fee paid for all meetings in excess of seven meetings.

4 
Meeting Fee paid for all meetings in excess of four meetings.