Exelixis (EXEL) 10-Q 2009 Q3 Quarterly report

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.