Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 52

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 52
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 date. |                                     | If the employment of a participant is terminated without cause, (including constructive dismissal) by the Company or a subsidiary within two years after a change of control, then all outstanding RSUs become vested and are settled no later than 30 days following the date of termination.                                                                                                                                                                       |
| 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                     | The award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution.                                                                                                                                                                                                                                                                                                  |

| 1 | Differences in termination provisions apply for US$ options where the executive has elected treatment as incentive stock options within the meaning of U.S. Internal Revenue Code Section 422. All U.S. ISOs beginning with the 2018 grant are issued as non-qualified. |

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Other benefits elements Retirement benefits The NEOs participate in the Senior Management Pension Plan (“SMPP”), a non-contributorydefined benefit plan which is part of a market competitive compensation package for all Canadian and U.S. members of senior management. Before becoming participants in the SMPP, certain NEOs participated in a defined benefit or defined contribution pension plan. Defined benefit plan The following graphic shows how the SMPP retirement benefit payable at normal retirement age is calculated: Key terms of the SMPP:

| • |     | Eligibility: members of senior management join the SMPP on the later of their date of hire or promotion to a senior management position |

| • |     | Vesting: plan participants are fully vested immediately |

| • |     | Retirement age: normal retirement date is age 65. Participants may retire and receive an unreduced benefit at age 60, or as early as age 55 if they have 30 years of service. Participants with less than 30 years of service may retire on or after age 55 and receive a benefit that is reduced by 3% for each year the participant’s age at retirement was less than age 60 |

| • |     | Survivor benefits: benefits are payable for the life of the member. If the member is single at retirement, 15 years of pension payments are guaranteed. If the member is married at retirement and dies before their spouse, 60% of the pension will continue to be paid to the spouse for his/her lifetime |

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