Page 55 - MIC 2014 - English

Annual Incentive. Mr. Jackman’s AIP award for 2013 was $600,000. The pro-rated award is 142% of the pro-rated

target award level of $421,875 based on his active service through September 2013. 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. Jackman’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. Jackman’s performance by the President and

CEO, for which Mr. Jackman received a performance rating that translates to the performance factor displayed below. The
calculation of Mr. Jackman’s AIP award amount is comprised of two steps as displayed below and reflects pro-ration for

the nine-month period he was eligible for the AIP in 2013.

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

Total Weight Performance Total Wtd. Performance Total R&M BU Performance Total Weight Performance Total
[A+B+C+D]
Factor
[A] Avg. of Factor [B]
Performance
Factor [C]
Factor
[D]
all BUs

20% 1.43 0.29 30% 1.33 0.40 30% 1.43 0.43 20% 1.50 0.30 1.42

2. AIP Payout Calculation

Base Salary AIP Target Performance Factor for Payout(1) Pro-Ration for 9 months Eligible Payout Calculation Actual Award
[A]
[B]
[C]
[D]
[ABCD]

$600 000
$750 000
75%
1.42
0.75
$599 063

(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
Total Direct Compensation ($)
corresponding chart displays Mr. Jackman’s total direct
compensation for the past three years. The mid- and
1,120,392
long-term incentive amounts are the deemed value of the 1,002,132
equity grants (at the date of grant, and as calculated using 1,172,000

the methodology described under the ‘‘Summary
Compensation Table’’ on page 58 of this management 1,120,392
1,001,130

proxy circular) and will differ from the ultimate value 1,233,480
realized from the awards based on Suncor’s relative and
1,000,000
1,000,000
absolute share price performance over time.
600,000

750,000
750,000
568,269

2013 2012 2011

Total 3,573,749 3,990,784
3,753,262

Long-Term Incentive (stock options) Annual Incentive

Mid-Term Incentive (PSUs)
Base salary (actual)
26FEB201421264758

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 53