Page 47 - MIC 2014 - English

Annual Incentive. Mr. Williams’ AIP award for 2013 was $2,420,000. The award is 149% of his target award level for

2013 of $1,625,000, which is 125% of his base salary. The range for the AIP award is from 0% to a maximum of 220%
of the target award level. The Corporate and Business Unit performance factors used in determining Mr. Williams’ AIP

award are as approved by the HR&CC and as set forth in the table on page 40. The Personal performance factor is
determined based on the assessment of Mr. Williams’ performance by the Board, for which he received a performance

rating that translates to the performance factor displayed below. The calculation of Mr. Williams’ AIP award amount is
comprised of two steps as displayed below.

1. AIP Performance Factor Calculation
Overall
Performance
Corporate Performance Business Unit (BU) Performance Personal Performance Factor

Weight Performance Total Wtd. Performance Total BU Performance Total Weight Performance Total Total
Factor [A] Avg. of Factor [B] Performance Factor [C] Factor [D] [A+B+C+D]
all BUs
20% 1.43 0.29 60% 1.33 0.80 — — — 20% 2.00 0.40 1.49

2. AIP Payout Calculation

Base Salary AIP Target Performance Factor for Payout(1) Payout Calculation Actual Award
[A]
[B]
[C]
[ABC]

$2 420 000
$1 300 000
125%
1.49
$2 421 250

(1) Rounded to two decimal places. Due to rounding, actual calculations may result in small differences from the payout calculation shown.

Total Direct Compensation. For reference, the
corresponding chart displays Mr. Williams’ total direct Total Direct Compensation ($)

compensation for the past three years. The mid- and 4,453,600
long-term incentive amounts are the deemed value of the

equity grants (at the date of grant, and as calculated using
the methodology described under the ‘‘Summary 3,435,869

Compensation Table’’ on page 58 of this management 4,687,224
proxy circular) and will differ from the ultimate value
3,436,242
2,226,960
realized from the awards based on Suncor’s relative and
absolute share price performance over time.
2,224,733
2,420,000
2,080,000
1,300,000

1,291,346
1,222,423
811,923
2012
2013 2011
Total
12,852,170 10,174,534
6,563,616

Long-Term Incentive (stock options) Annual Incentive
Mid-Term Incentive (PSUs)
Base salary (actual)
27FEB201402140190

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 45