Page 68 - MIC 2014 - English

EXECUTIVE COMPENSATION

Termination and Change of Control Benefits

The table below shows the incremental amounts to which the Named Executive Officers, other than Messrs. Demosky and

Jackman, would be entitled to under the circumstance of a change of control and/or termination on December 31, 2013.
Messrs. Demosky and Jackman are not included in the following table due to their resignation and retirement,

respectively, from Suncor in 2013.

Base Short-Term Long-Term
Salary Incentive(1) Incentive(2) Pension Total Payout
Type of Termination ($) ($)
($) ($) ($)
S.W. WILLIAMS
.......................................................................................................................................................................................................................................................
Resignation — — 2 468 986 — 2 468 986
.......................................................................................................................................................................................................................................................
Retirement — — 2 468 986 — 2 468 986
.......................................................................................................................................................................................................................................................
Termination (Without Cause) 2 600 000 3 250 000 2 468 986 2 775 819 11 094 805
.......................................................................................................................................................................................................................................................
Change of Control(3) 2 600 000 3 250 000 2 468 986 2 775 819 11 094 805
.......................................................................................................................................................................................................................................................
Change of Control(4) — — 2 468 986 — 2 468 986
.......................................................................................................................................................................................................................................................
Change of Control(5) — — — — —

S.D.L. REYNISH
.......................................................................................................................................................................................................................................................
Resignation — — 644 338 — 644 338
.......................................................................................................................................................................................................................................................

Retirement — — 644 338 — 644 338
.......................................................................................................................................................................................................................................................
Termination (Without Cause) 1 050 000 787 500 644 338 509 686 2 991 524
.......................................................................................................................................................................................................................................................
Change of Control(3) 1 050 000 787 500 644 338 2 402 489 4 884 327
.......................................................................................................................................................................................................................................................
Change of Control(4) — — 644 338 1 169 763 1 814 101
.......................................................................................................................................................................................................................................................
Change of Control(5) — — — — —
M.S. LITTLE
.......................................................................................................................................................................................................................................................
Resignation — — — — —
.......................................................................................................................................................................................................................................................
Retirement(6) — — — — —
.......................................................................................................................................................................................................................................................
Termination (Without Cause) 1 220 000 915 000 4 012 309 1 730 110 7 877 419
.......................................................................................................................................................................................................................................................
Change of Control(3) 1 220 000 915 000 4 211 476 1 730 110 8 076 586
.......................................................................................................................................................................................................................................................
Change of Control(4) — — — — —
.......................................................................................................................................................................................................................................................
Change of Control(5) — — — — —

M.R. MACSWEEN
.......................................................................................................................................................................................................................................................
Resignation — — — — —
.......................................................................................................................................................................................................................................................

Retirement(6) — — — — —
.......................................................................................................................................................................................................................................................
Termination (Without Cause) 1 020 000 765 000 3 140 129 322 976 5 248 105
.......................................................................................................................................................................................................................................................
Change of Control(3) 1 020 000 765 000 3 299 463 1 703 191 6 787 654
.......................................................................................................................................................................................................................................................
Change of Control(4) — — — 457 056 457 056
.......................................................................................................................................................................................................................................................
Change of Control(5) — — — — —

(1) Short-Term Incentives include incremental annual bonus entitlement.

(2) In the case of Messrs. Williams and Reynish, Long-Term Incentive includes the incremental value of unvested option-based awards held that vest as a
result of termination with or without change of control, as they are treated as retirees, and are valued at the closing price of a Suncor common share
on the TSX at December 31, 2013 ($37.24) less the exercise price. In the case of Messrs. Little and MacSween, for termination (without cause),
Long-Term Incentive includes the incremental value of unvested option-based awards that vest during the notice period, and the incremental value of
share-based awards held, calculated based on the performance level as per the PSU plan on December 31, 2013; for change of control with
involuntary termination, Long-Term Incentive includes the incremental value of all unvested option-based awards and the incremental value of share-
based awards held, calculated as in the case of a termination (without cause) noted above.

(3) Assumes involuntary termination on change of control.
(4) Assumes voluntary termination on a change of control.

(5) Assumes continued employment on change of control.
(6) Messrs. Little and MacSween were not eligible for retirement as of December 31, 2013.

66 SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014