Benefits
In recognition of the dedication and commitment of our employees, Exelixis offers competitive compensation and benefits programs, facilitating a healthy work/life balance, giving employees the necessary tools to accomplish their work objectives, and providing them with opportunities to enhance their job satisfaction and career goals.
Medical Insurance
Employees and their qualified dependents may choose from HMO, POS, and POS High Deductible plan options.
Dental Insurance
Coverage for preventive, basic, major and orthodontia services is available to employees and their qualified dependents.
Vision Insurance
Employees and their qualified dependents may elect coverage for periodic eye exams, frames and eyeglass lenses, or contact lenses.
Domestic Partner Benefits
Coverage is available for qualified same-sex and opposite-sex domestic partners of employees for medical, dental, vision and voluntary life insurance.
Health & Dependent Care Flexible Spending
Accounts
Participants set aside funds on a pre-tax basis through payroll deductions to pay for eligible out-of-pocket health and/or dependent care expenses during the year.
Participants set aside funds on a pre-tax basis through payroll deductions to pay for eligible out-of-pocket expenses. Employees must be participating in a High Deductible Health Plan (HDHP) in order to be eligible to participate.
Life and AD&D Insurance
Company paid basic life and AD&D insurance is provided for qualified employees. Voluntary life and AD&D insurance is also available for employees, their spouse, and/or dependent children.
Employee Assistance Program
Employees and their qualified dependents may participate in the Work/Life Program, which provides clinical counseling and life management services designed to address personal, financial, phase-of-life, marital, family, and work-related issues.
401(k) Plan & Company Match
Provides employees with an opportunity to save and invest for the future through pre-tax payroll deferrals and a generous employer matching contribution for those contributing to the plan.
Paid Time Off
Paid time off program includes company-paid holidays, sick days, personal days, and an attractive vacation accrual component.
Parental Leave
Provides employees with limited paid time off to be used for the birth or adoption of a dependent child within one year of the birth or adoption.
Salary Continuation
Salary continuation benefits are provided to employees during the first 60 days of a qualified, non-work related disability.
Long Term Disability
Income protection is provided to employees disabled and unable to work for longer than 60 days.
Business Travel Accident Insurance
Provides employees with coverage if death or other covered loss results from an accident while traveling on company-paid business.
529 College Savings Plan
Allows employees to defer after-tax contributions into a series of funds for future eligible college expenses for a designated beneficiary.
Long Term Care
Provides employees with private insurance designed to help pay costs of long term care services provided by professional care givers for themselves, their spouse, and/or parents.
Group Legal Plan
Provides employees and their immediate families with certain personal legal services.
Adoption Assistance Program
Provides financial assistance to employees who are adopting a child or children.
Infertility Assistance Program
Provides financial assistance to employees and their spouses for qualified infertility procedures.
Onsite Programs
A variety of onsite programs that range from car wash and oil change services to dry-cleaning and massage.
Pet Insurance
Employees may select from different insurance packages for dogs, cats, birds, and other animals to cover medical and preventative expenses.
Health Advocate
A program that assist employees and their dependents in navigating through the healthcare system.
Back Up Dependent Care
Backup Care Options is a unique backup care program to support employees when they experience a temporary breakdown in their normal care arrangements and need to get to work.
Tuition Reimbursement Program
Provides employees with a generous tuition reimbursement benefit for qualified courses and associated fees.
Relocation
A flexible and comprehensive relocation assistance program that helps employees and their families make a smooth transition to their new location.
Stock
Options
All new employees are eligible to receive a stock option grant pursuant to the Equity Incentive Plan and subject to approval.
Employee
Stock Purchase Plan
Employees can make post-tax payroll deductions to purchase Exelixis common stock at a handsomely discounted rate.
Shuttle Service
Free shuttle service to and from the South San Francisco Cal Train and BART stations.
Commuter Benefit
Provides savings on federal, state and social security taxes on certain IRS-approved transportation expenses.
Employee Referral Award Program
Provides qualified employees with a generous cash award for the referral of candidates who are subsequently hired by the company and complete certain service obligations.
Entertainment Events
The Entertainment Committee sponsors trips to sporting events, concerts, movies, and monthly casual employee gatherings and the annual holiday and summer picnic celebrations.
Subsidized Cafeteria
All meals and snacks available in the cafeteria are subsidized by the company and gourmet coffee is provided free of charge.
Corporate Fitness Program
Subsidy for monthly membership dues for employees enrolled with partnered gyms.
Disclaimer
This is a general overview of the benefit programs offered by Exelixis at its U.S. locations. In the event any description conflicts with a current summary plan document or policy, the current summary plan document or policy will prevail.
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