Page 19 - MIC 2014 - English

Compensation Structure for chairman of the Board(5) ($)

Retainer and Fees
.......................................................................................................................................................................................................................................................
Annual Retainer(1) 250 000
.......................................................................................................................................................................................................................................................
Travel within continental North America (Per Round Trip)(2) 1 500
.......................................................................................................................................................................................................................................................
Travel originating from outside continental North America (Per Round Trip)(3) 3 000
.......................................................................................................................................................................................................................................................

Annual Equity
.......................................................................................................................................................................................................................................................
(4)
Annual DSU target value280 000

(1) Annual retainer is payable as elected by the non-employee director. Each year, a non-employee director may elect to receive his or her fees in 100%
cash, 50% cash and 50% DSUs or 100% DSUs. All non-employee directors must receive at least 50% of their annual retainer and meeting fees in
DSUs until the share ownership guideline level has been met.
(2) Provides for travel from principal residence within continental North America to attend Board, committee or orientation meetings.

(3) Provides for travel from principal residence outside North America to attend Board, committee or orientation meetings.
(4) The number of DSUs to be awarded in 2013 was set by the Board at the beginning of 2013 based on target values for non-employee directors (other
than the chairman of the Board) of $180,000 (which equaled 5,540 DSUs) and the chairman of the Board of $280,000 (which equaled 8,540 DSUs).
DSUs are awarded in equal quarterly installments.

(5) No other compensation was payable to the chairman of the Board for 2013.

Committee Membership. The following table sets forth the current committee members, all of whom are non-employee

directors.

Audit Governance EHS&SD
Committee Members(1) Committee
Committee
Committee HR&CC

Mel E. Benson

.......................................................................................................................................................................................................................................................
Dominic D’Alessandro Chair
.......................................................................................................................................................................................................................................................
W. Douglas Ford
.......................................................................................................................................................................................................................................................
Paul Haseldonckx Chair
.......................................................................................................................................................................................................................................................
John R. Huff
.......................................................................................................................................................................................................................................................
Jacques Lamarre
.......................................................................................................................................................................................................................................................
Maureen McCaw
.......................................................................................................................................................................................................................................................
Michael W. O’Brien Chair
.......................................................................................................................................................................................................................................................
James W. Simpson Chair
.......................................................................................................................................................................................................................................................
Eira M. Thomas

(1) Messrs. Gass and Wilson will be appointed to Board committees at a future date.

Share Ownership Guidelines. One way non-employee ‘‘A substantial share ownership
directors demonstrate their commitment to Suncor’s

long-term success and alignment with shareholders is requirement of more than
through share ownership. The Board has established share
$500,000 for non-employee
ownership guidelines of $1,400,000 for the chairman of
the Board and $540,000 for all other non-employee directors demonstrates

directors, which must be attained by each director within alignment with shareholders’
five years of when he or she is first elected or appointed.
Suncor common shares and DSUs count toward the share
interests.’’
ownership guideline, and in the case of Mr. Haseldonckx,
the RSUs granted to him under the PCRSU Plan also counts

toward the share ownership guideline.
As at February 24, 2014, all non-employee directors, Share ownership guidelines are reviewed periodically based
on survey data. The current share ownership guideline level
including the chairman of the Board, met the share
ownership guidelines. In the case of Messrs. Gass and was determined to be appropriate for 2014.

Wilson, each new director has five years to attain the
$540,000 share ownership level.

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 17