Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 46

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 46
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$40.10 |     | 9/30/2024         |     |                        US$40.59 |

| Grant    |     | Grant date |     | Grant price |     | 2024 vesting date |     |         Volume weighed average 
 share price for the 20 trading 
     days immediately preceding 
              the maturity date |
| 2022 PSU |     | 2/16/2022  |     |      $52.61 |     | 12/31/2024        |     |                         $63.64 |

| 5 | Includes STIP, based on the Enbridge scorecard with variability of business unit financial performance and individual performance for the 2024 performance year. |

Termination of employment and change-in-controlarrangements Employment agreements Enbridge has employment agreements with all NEOs. The terms in the employment agreements are competitive and part of a comprehensive compensation package that assists in recruiting and retaining top executive talent. The agreements generally provide payments for executives in the case of involuntary termination for any reason (other than for cause) or voluntary termination within 150 days after constructive dismissal, as defined in each agreement, and do not provide for any “single-trigger” severance payments upon a change in control of the Company. As a condition to receiving payments under the employment agreements upon a qualifying termination of employment, the executive must execute a general release of claims in favour of Enbridge and comply with the following restrictive covenants:

| Confidentiality provision |     | Non-competition/solicitation |     | No recruitment          |
| 2 years after departure   |     | 1 year after departure       |     | 2 years after departure |

53

Termination of employment scenarios Compensation that would be paid to all NEOs pursuant to the terms of their existing executive employment agreements under various termination scenarios, including change in control (“CIC”), is described below.

| Compensation component            |             | Voluntary                                                                                                                                                                                     |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                       | Involuntary                                                                                                                                                                                                                                                                                                           |               |                                                                                                                                                                                                                                                                                      |
|                                   | Resignation |                                                                                                                                                                                               | Retirement |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Termination not for   
 cause or constructive 
 dismissal             |                                                                                                                                                                                                                                                                                                                       | Termination   
 following CIC |                                                                                                                                                                                                                                                                                      |
| Base salary                       |             | None                                                                                                                                                                                          |            | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                       | Two times the current salary is paid in a lump sum                                                                                                                                                                                                                                                                    |