Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 60

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 60
---
 can be exercised through the earlier of 3 months following termination of employment or the 10th anniversary of the grant date.                                 |
| Voluntary termination                                                                                                            
 (retirement eligible)                                                                                                            |     | Unvested options are pro-rated based on full and partial months of service during the vesting period, and vest immediately.   Vested Spectra Energy options can be exercised through the 10th anniversary of the grant date.                                  |
| Involuntary termination, for cause                                                                                               |     | The unvested portion of such an award terminates immediately.   Vested Spectra Energy options can be exercised through the earlier of 3 months following termination of employment or the 10th anniversary of the grant date.                                 |
| Involuntary termination, without cause or for good reason before 2-year anniversary of change in control (the 2-Year CIC Period) |     | The unvested portion of such an award vests upon such termination from employment.   Vested Spectra Energy options can be exercised through the 10th anniversary of the grant date.                                                                           |
| Involuntary termination, without cause after 2-Year CIC Period                                                                   |     | The award is pro-rated based on full and partial months of service during the vesting period.   Vested Spectra Energy options can be exercised through the earlier of 3 months following termination of employment or the 10th anniversary of the grant date. |
| Employment termination as a result of death or disability                                                                        |     | The unvested portion of such an award vests.   Vested Spectra Energy options can be exercised through the earlier of 36 months following such termination of employment or the 10th anniversary of the grant date.                                            |
| Other transfer or assignment of stock options                                                                                    |     | The holder of an option may not transfer or assign it other than by will, or as allowed by the laws of descent and distribution.                                                                                                                              |

64

Report of the Human Resources and Compensation Committee

The Human Resources and Compensation Committee has reviewed and discussed the preceding Compensation Discussion and Analysis with management. Based on the review and discussion, the Human Resources and Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in the Circular. This report is provided by the following independent directors who comprised the Human Resources and Compensation Committee on December 31, 2024:

Steven W. Williams (Chair)

Mayank (Mike) M. Ashar

Susan M. Cunningham

S. Jane Rowe

<div align='center'>