Page 51 - MIC 2014 - English

Annual Incentive. Mr. Little’s AIP award for 2013 was $700,000. The award is 153% of his target award level of

$457,500, which is 75% 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. Little’s 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. Little’s performance by the President and CEO, for which Mr. Little received a performance

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

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

Total Weight Performance Weight Performance Total Wtd. Performance Total Oil Sands & Performance Total Total
[A+B+C+D]
Factor
Factor
[A] Avg. of Factor
[B]
In Situ BU Factor [C]
[D]
all BUs
Performance
20% 1.43 0.29 30% 1.33 0.40 30% 1.33 0.40 20% 2.20 0.44 1.53

2. AIP Payout Calculation

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

$700 000
$610 000
75%
1.53
$699 975

(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. Little’s total direct Total Direct Compensation ($)

compensation for the past three years. The mid- and
long-term incentive amounts are the deemed value of the 1,465,000

equity grants (at the date of grant, and as calculated using
the methodology described under the ‘‘Summary 1,213,758
1,113,480
Compensation Table’’ on page 58 of this management 1,541,850
proxy circular) and will differ from the ultimate value
1,214,225
1,112,367
realized from the awards based on Suncor’s relative and
absolute share price performance over time.

700,000
580,000
610,000

603,077
558,154
492,731

2012
2013
2011
Total
4,309,927
3,566,137
3,328,578

Long-Term Incentive (stock options)
Annual Incentive
Mid-Term Incentive (PSUs)
Base salary (actual)
26FEB201421264909

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 49