Page 72 - MIC 2014 - English

SUMMARY OF INCENTIVE PLANS

Since inception in 2004, the PSU vesting levels based on relative TSR performance have been as follows:

PSU Grant Year Vesting Level

2004 100%
.......................................................................................................................................................................................................................................................
2005 100%
.......................................................................................................................................................................................................................................................
2006 Bottom Quartile / 0%
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2007 Bottom Quartile / 0%
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2008 Bottom Quartile / 0%
.......................................................................................................................................................................................................................................................
2009 112%
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2010 111%
.......................................................................................................................................................................................................................................................
2011 57%

PSUs do not count towards the assessment of executive share ownership levels for purposes of the share ownership

guidelines. Upon payout, executives must use the cash payout, or other cash resources, to purchase Suncor common
shares on the open market toward satisfying any unmet share ownership guidelines.

Restricted Share Unit Plan. The RSU Plan was established in January 2009 by the HR&CC. RSUs may be granted to key
employees, senior managers and executives of Suncor as part of their competitive compensation in order to increase the

retention aspects of the overall equity programs, as well as to further align participants with shareholder interests.

Each RSU is a right to a cash payment, equivalent in value to one Suncor common share based on the value of Suncor’s
average common share price for the last 20 trading days of the restricted period. Awards under the RSU Plan are

administered by the HR&CC. RSUs do not count towards the assessment of executive share ownership levels for purposes
of the share ownership guidelines. The RSU Plan was amended in 2009 to provide for notional dividend reinvestment for

grants after January 1, 2010.

70 SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014