Document:

EX-10.24

 Exhibit 10.24 

CHANGE IN CONTROL AGREEMENT 

THIS AGREEMENT made effective as of the 12th day of January 2015 

BETWEEN 
 ENCANA CORPORATION, a body
corporate registered in the Province of Alberta (the “Corporation”) 
 OF THE FIRST PART 

-and- 
 JOANNE L. ALEXANDER,
of the City of Calgary, in the Province of Alberta (the “Executive”) 
 OF THE SECOND PART 

WHEREAS the Board of Directors of the Corporation (the “Board”) recognizes that the establishment and maintenance of a sound and vital
management team is essential to the protection and enhancement of the best interests of the Corporation and its shareholders; 
 AND WHEREAS the
Board further recognizes that an employee is most vulnerable at the point of termination of employment; 
 AND WHEREAS the Board further recognizes
that, as is the case with many corporations, the possibility of a Change in Control of the Corporation could arise and create a climate of uncertainty among the Corporation’s senior executives, and could result in the distraction of such senior
executives to the detriment of the Corporation and its shareholders; 
 AND WHEREAS the Board believes it is important, should the Corporation or its
shareholders receive a proposal for transfer of control of the Corporation, that the Executive be able to assess and advise the Board whether such proposal would be in the best interests of the Corporation and its shareholders and to take such other
action regarding such proposal as the Board might determine to be appropriate, without being distracted by the uncertainties of her own situation; 
 AND
WHEREAS, in order to induce the Executive to remain in the employ of the Corporation and to assure the Corporation of her continued and undivided attention and services, notwithstanding any events which might result in a Change in Control of the
Corporation, this Agreement, the principal terms of which has been previously approved by the Board, records certain benefits extended to the Executive. 

NOW THEREFORE, in consideration of the covenants and agreements hereinafter set forth and for other good and valuable consideration (the receipt and
sufficiency whereof are hereby acknowledged by each of the Parties), the Parties hereby mutually covenant and agree as follows: 

	1.0	Term of Agreement 

  

	1.1	Term. This Agreement shall commence on the date hereof and shall continue in effect through December 31, 2015; provided however that commencing on January 1, 2016 and each January 1 thereafter, the term
of this Agreement shall automatically be extended for one additional year during the Executive’s employment until such time as there shall occur a Change in Control of the Corporation and for a period of three years from the Effective Date of
such Change in Control (the “Term”); provided, however, that if payment of compensation and benefits has begun under this Agreement, the payment of such compensation and benefits shall continue beyond the end of the Term in accordance with
the applicable provisions of this Agreement. 

  

	2.0	Change in Control 

  

	2.1	Compensation and Benefits not until. The Parties acknowledge and agree that no compensation or benefits shall be payable to the Executive hereunder unless and until there shall have occurred both: (i) a
Change in Control of the Corporation; and (ii) the termination of the Executive’s employment by the Corporation without Cause or by the Executive for Good Reason, in accordance with the terms of this Agreement. 

 

	2.2	“Change in Control”. For purposes of this Agreement, a “Change in Control” of the Corporation shall be deemed to have occurred if: 

 

	 	(a)	any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity, or any persons acting jointly or in concert with the foregoing, is or becomes the beneficial owner
directly or indirectly of, securities of the Corporation representing more than 30% of the combined voting power of the Corporation’s then outstanding securities entitled to vote in the election of the directors of the Corporation (the
“Voting Shares”); 

  

	 	(b)	the Corporation shall have disposed of: (i) all or substantially all of its assets, such that shareholder approval was required under the Canada Business Corporations Act; or (ii) assets in any 12 month
period representing 50% or more of the total assets of the Corporation, determined as of the date of the audited financial statements of the Corporation then most recently published; 

 

	 	(c)	pursuant to a single election or appointment or a series of elections or appointments over any period from and after the date of this Agreement: (i) those individuals who at the date of the Agreement constituted
the Board, together with (ii) any new or additional director or directors whose nomination for election by the Corporation’s shareholders, or whose appointment to the Board by the Board, has been approved by at least 75% of the votes cast
by all of the directors then still in office, who either were directors at the date of this Agreement or whose appointment or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board; or

  
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	 	(d)	the Board, by resolution duly adopted by the affirmative vote of a simple majority of the votes cast by the Board, determines that, for purposes of this Agreement, a Change in Control of the Corporation has occurred.

  

	2.3	Employee Benefit Plans, etc. For the purposes of determining the percentage portion or fraction of Voting Shares under Section 2.2(a), securities beneficially owned or controlled or directed by an employee plan
or related trust sponsored or maintained by the Corporation or its subsidiaries shall not be taken into account in the determination of the numerator but shall be taken into account in the determination of the denominator. 

 

	2.4	When Compensation and Benefits Payable. Upon the occurrence of both: (i) a Change in Control of the Corporation; and (ii) the termination of the Executive’s employment by the Corporation without
Cause or by the Executive for Good Reason, as contemplated by the terms of this Agreement, the provisions of Section 5.0 hereof in respect of the compensation and benefits payable, as applicable, shall apply. 

 

	2.5	Definitions and Interpretation. For purposes of this Section 2.0: 

  

	 	(a)	the term “acting jointly or in concert” shall be interpreted in accordance with Section 159 of the Securities Act (Alberta), as amended; and 

 

	 	(b)	the term “beneficial ownership” shall be interpreted in accordance with Sections 5 and 6 of the Securities Act (Alberta) and “beneficial owner” shall have a corresponding meaning, except that
for purposes of t his Agreement, options and convertible securities granted by the Corporation to employees, officers or directors shall not be included in determining beneficial ownership or beneficial owner. 

 

	3.0	Definitions 

 For purposes of this Agreement and for purposes of determining such compensation and
benefits as may be payable hereunder following the occurrence of a Change in Control of the Corporation, the following definitions shall apply: 
  

	3.1	“Affiliate”. “Affiliate” shall be interpreted in accordance with the definition of such term as contained in Section 2 of the Canada Business Corporations Act (Canada).

  

	3.2	“Cause”. “Cause” means: 

  

	 	(a)	 the substantial or material breach by the Executive of any policy or practices of the Corporation or the willful
and continued failure by the Executive to substantially perform her duties with the Corporation or an Affiliate after a written demand for substantial performance is delivered to the Executive by the Board, which demand specifically identifies the
manner in which the Board believes that the Executive has not substantially performed her duties, and the Executive fails to correct such failure to perform her duties within 30 days after such written demand is delivered to her; provided, however,
that if such failure 

  
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occurs after the happening of circumstances which would entitle the Executive to terminate for Good Reason, the same shall not constitute the basis for “Cause”; or 

 

	 	(b)	the willful engaging by the Executive in conduct which is dishonest or demonstrably and materially injurious to the Corporation or an Affiliate, monetarily or otherwise. For purposes of this definition, any action by
the Executive or any failure on her part to act, shall be deemed “willful” when done (or omitted to be done) by the Executive not in good faith and if when done (or omitted to be done) the Executive had or ought to have had the reasonable
belief that her action or omission would not be in the best interests of the Corporation or an Affiliate. 

 Notwithstanding
the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to her a copy of a resolution duly adopted by the Board, finding that in the good faith opinion of the Board, the
Executive was guilty of conduct set forth in clause (a) or (b) of this Section and specifying the particulars thereof. 
  

	3.3	“Effective Date”. “Effective Date” means the date of the occurrence of the specified event constituting a Change in Control of the Corporation. 

 

	3.4	“Good Reason”. “Good Reason” means any of the following, unless the Executive shall have given her express written consent thereto: 

 

	 	(a)	Changed Duties or Status. The assignment to the Executive of any duties inconsistent with her status as a senior executive of the Corporation or a material alteration in the nature or status of her
responsibilities or duties or reporting relationship from those in effect immediately prior to a Change in Control of the Corporation; 

  

	 	(b)	Reduced Salary. A reduction by the Corporation in the Executive’s annual base salary as in effect on the date hereof (or as the same may be increased from time to time); 

 

	 	(c)	Relocation. The Corporation’s requiring the Executive to be based anywhere other than where the Executive is based at the time of a Change in Control of the Corporation, except for: (i) required travel
on the Corporation’s business to an extent substantially consistent with the Executive’s business travel obligations in the ordinary course of business immediately prior to the Change in Control of the Corporation; or (ii) where the
Executive is relocated or repatriated by the Corporation, such relocation as may be required by applicable law or performed in accordance with an agreed-upon assignment with the Corporation or an Affiliate; 

 

	 	(d)	 Incentive Compensation Plans. Changes to the terms of the Corporation’s High Performance Results Plan
(the “HPR Plan”) or any replacement short-term incentive plan in which the Executive is participating as of the Change in Control (the “Annual Incentive Plans”), the Corporation’s Employee Stock Option Plan

  
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(“ESOP”), Performance Share Unit Plan for Employees of Encana Corporation (“PSU Plan”), or Restricted Share Unit Plan for Employees of Encana Corporation (“RSU
Plan”) or to such other long-term incentive plans in which the Executive may be participating prior to the Change in Control of the Corporation, which would have the effect of materially reducing the Executive’s aggregate potential
incentive compensation, except in circumstances where the Corporation alters or reduces the opportunity for potential incentive compensation available under such plans for all senior executives of the Corporation, 

 

	 	(e)	Pension Plan, Benefit Plans and Perquisites. The failure by the Corporation to continue to provide the Executive: 

  

	 	(i)	with pension and related benefits substantially similar as those enjoyed by her under the Encana Corporation Canadian Pension Plan and the Encana Corporation Canadian Defined Contribution Savings Plan (collectively, the
“Encana Pension Plans”), except for across-the-board reductions in, or amendments to, such benefits similarly affecting all senior executives of the Corporation and relating to service or employment after the date upon which such reduction
or amendment is announced; or 

  

	 	(ii)	with benefits substantially similar to those enjoyed by her under any other retirement arrangement established for the Executive, except for across- the-board reductions in, or
amendments to, such benefits similarly affecting all senior executives of the Corporation and relating to service or employment after the date on which such reduction or amendment is announced; or 

 

	 	(iii)	with benefits at least substantially similar to any of the Corporation’s life insurance, medical, health and accident, disability or investment plans in which the Executive may participate at the date hereof or
subsequently, or the taking of any action by the Corporation that would directly or indirectly materially reduce any such benefits or deprive the Executive of any material perquisite enjoyed by her, except for across-the-board reductions in such
benefits or comparable benefits similarly affecting all senior executives of the Corporation; or 

  

	 	(iv)	with the number of paid vacation days to which the Executive is entitled in accordance with the normal vacation policy in effect in respect of the Executive as of the date hereof or subsequently; 

 

	 	(f)	Deferred Compensation. The failure by the Corporation to pay the Executive any portion of her then current compensation without her consent except pursuant to an across-the-board compensation deferral similarly
affecting all senior executives of the Corporation or the failure by the Corporation to pay to the Executive any installment of deferred compensation at the time such installment is due under any deferred compensation program of the Corporation;

  
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	 	(g)	No Assumption by Successor. The failure of the Corporation to obtain a satisfactory agreement from a successor to assume and agree to perform this Agreement as contemplated by Section 7.0 hereof, or if the
business or undertaking in connection with which the Executive’s services are principally performed is sold at any time after a Change in Control and the Executive’s employment is transferred as a result, the purchaser of such business
shall fail to agree to provide the Executive with the same or a comparable position, duties, compensation and benefits, as described in paragraphs (d) and (e) above, as provided to the Executive by the Corporation immediately prior to the
Change in Control; 

  

	 	(h)	Disposition of “All or Substantially All”. The disposition by the Corporation of all or substantially all of the assets of the Corporation. 

 

	4.0	Notice of Termination; Date of Termination 

  

	4.1	Notice of Termination. Any termination of the Executive’s employment either by the Executive for Good Reason or by the Corporation for Cause or without Cause, as applicable, shall be communicated by written
Notice of Termination to the Executive or to the Corporation, as the case may be, in accordance with Section 8.0 hereof. 

  

	4.2	Content of Notice of Termination. The “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon by the Executive or the
Corporation, as the case may be, and shall set forth in reasonable detail the facts and circumstances claimed as the basis for the Executive’s terminating her employment or the Corporation’s terminating the Executive’s employment, as
the case may be. The Executive’s failure to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of “Good Reason” shall not result in a waiver of her rights hereunder or preclude her from
subsequently asserting such fact or circumstance in enforcing her rights hereunder. 

  

	4.3	Date of Termination. The “Date of Termination” shall mean if the Executive’s employment is terminated by the Corporation without Cause or by the Executive for Good Reason, the date specified in the
Notice of Termination (which, in the case of termination by the Executive for Good Reason, shall be not less than 15 days nor more than 60 days from the date such Notice of Termination is given). 

 

	4.4	Notice Required. For the purposes of this Section 4.0, any purported termination of the Executive’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of
Section 4.2 hereof shall not be effective. 

  

	5.0	Compensation and Benefits following Change in Control 

 Following both: (i) a
Change in Control of the Corporation; and (ii) the termination of the Executive’s employment by the Corporation without Cause or by the Executive for Good Reason, in accordance with the terms of this Agreement, the Corporation shall cause
to be provided to the Executive in exchange for the Executive’s execution and return to the Corporation of a General Release on such date and in such form as may be provided to 

  
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the Executive by the Corporation, acting reasonably, the following benefits in full satisfaction of all of the Corporation’s obligations to the Executive: 

 

	 	(a)	Accrued Compensation and Payment Date. The Corporation shall pay the Executive, in a lump sum, not later than the 30th business day following the Date of Termination (the “Payment Date”), her full base
salary through the Date of Termination at the rate in effect at the time the Notice of Termination is given. 

  

	 	(b)	Severance Payment, Severance Period and Severance Salary Rate. In lieu of any further salary payments to the Executive for periods subsequent to the Date of Termination, the Corporation shall pay to the
Executive, on account of both compensation in lieu of notice and loss of office, not later than the Payment Date, a lump sum severance payment (the “Severance Payment”) equal to the amount of base salary the Executive would have earned had
she continued to be employed until the end of the 24th full calendar month following the Date of Termination (the “Severance Period”) assuming that the Executive’s rate of monthly
base salary during the Severance Period would be equal to the highest monthly rate of base salary which was payable to her by the Corporation or an Affiliate during the 24t h month period immediately preceding the Date of Termination (the
“Severance Salary Rate”). 

  

	 	(c)	Investment Plan. The Corporation shall pay the Executive the maximum contribution the Corporation would have been required to make on behalf of the Executive to the Corporation’s Canadian Investment Plan in
respect of the Severance Period if the Executive had remained fully employed and had elected to have the Corporation match her Investment Plan contribution, determined as if the Executive continued to make contributions to the Corporation’s
Investment Plan at a rate equal to the contributions actually made by her under the Investment Plan in the last complete calendar year immediately preceding the Date of Termination. This payment will be made in cash, in a lump sum, on the Payment
Date. 

  

	 	(d)	 Annual Incentive Plans. The Corporation shall pay to the Executive, in cash, in a lump sum, no later than
the Payment Date, an amount in lieu of her participation in the Annual Incentive Plans in which she is participating as of the Notice of Termination , such payment to be equal to: (i) two times the average of the annual amounts paid to
the Executive under the Annual Incentive Plans (excluding for greater certainty an y special awards thereunder) in respect of the three complete fiscal years of the Corporation immediately preceding the Date of Termination, and (ii) (in cases
where the Date of Termination is not the end of a fiscal year), a pro rata payment for the number of days which have elapsed in the fiscal year in which the Date of Termination occurs, based on the same calculation described above. For the
purposes of this Section 5.0(d), where the Date of Termination is prior to the completion of three complete fiscal years of amounts payable to the Executive under the Annual Incentive Plans, the average of amounts paid to the Executive under
such Plans shall be determined based the average of amounts 

  
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paid to the Executive under such Plans for each complete fiscal year of the Corporation immediately preceding the Date of Termination. 

 

	 	(e)	Performance Share Unit Plan. In respect of the Executive’s entitlements under the Corporation’s PSU Plan, Performance Share Units (“PSUs”) granted to the Executive as at the effective date of
such Change in Control (as defined under the PSU Plan) shall become vested and paid as applicable and in accordance with the terms of the PSU Plan and corresponding PSU Grant Agreement(s). 

 

	 	(f)	Restricted Share Unit Plan. In respect of the Executive’s entitlements under the Corporation’s RSU Plan, Restricted Share Units (“RSUs”) granted to the Executive as at the effective date of
such Change in Control (as defined under the RSU Plan) shall become vested and payable as applicable and in accordance with the terms of the RSU Plan and corresponding RSU Grant Agreement(s). 

 

	 	(g)	ESOP and Employee Stock Appreciation Rights Plan. In respect of the Executive’s entitlements under the Corporation’s ESOP or Employee Stock Appreciation Rights Plan (“ESAR Plan”), as
applicable, all Stock Options (“Options”) and Stock Appreciation Rights (“SARs”) held by the Executive as at the Notice of Termination shall be impacted as follows: 

 

	 	(i)	All Time-Based Options or Time-Based SARs (as such terms are defined in the applicable and corresponding Option Grant Agreement(s) or the ESAR Plan, as applicable), granted to the Executive as at the effective date of
such Change in Control (as defined under such plan documents) shall become vested and payable, as applicable, in accordance with the terms of the respective Option Plan or ESAR Plan (as applicable), and corresponding Grant Agreement(s); and

  

	 	(ii)	Performance Options and Performance SARs (as such terms are defined in the applicable and respective Option Grant Agreement(s) or the ESAR Plan, as applicable) granted to the Executive as at the effective date of such
Change in Control (as defined under such plan documents) shall become vested and payable, as applicable, in accordance with the terms of the respective Option Plan or ESAR Plan (as applicable), and corresponding Grant Agreement(s).

 All Options and SARs which are vested as of the effective date of the Change in Control may be exercised for the lesser of
their term (as defined in the Option Plan or SAR Plan, or corresponding Grant Agreement(s), as applicable) or 24 months following the Date of Termination. 
  

	 	(h)	 Insurance Benefits. The Corporation shall continue to provide the Executive with the same level of life,
disability, accident, dental and health insurance benefits the Executive was receiving or entitled to receive from the Corporation immediately prior to the Date of Termination until the end of the Severance Period; provided, however, that if for any
reason such insurance benefit is not provided to the end of 

  
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the Severance Period, a lump sum payment equal to the present value of the cost to the Corporation of providing such insurance shall be paid to the Executive. The contributions or premiums
required to be paid by the Executive under such programs shall be payable by the Executive to the Corporation or to the insurer, as applicable, on the same basis as if the Executive continued to be employed during the Severance Period.

  

	 	(i)	Vacation. The Corporation shall pay the Executive, in cash, in a lump sum, no later than the Payment Date, an amount equal to all accrued but unused vacation determined as of the Date of Termination. The amount
of such payment shall be determined based upon the Executive’s Severance Salary Rate. In no event shall the amount of vacation time to which the Executive is entitled be less than the amount to which she would have been entitled under the
vacation policy in effect as of the Change in Control. 

  

	 	(j)	Career Counselling. At the Executive’s request, the Corporation shall provide the Executive with career counselling services at a maximum cost to the Corporation of $15,000 per annum. Such services shall be
provided until the Executive obtains subsequent employment or establishes her own business activity or to the end of the Severance Period, whichever is earliest. The Executive shall be entitled to obtain such services from the recognized
professional career counselling firm of her choice in the major metropolitan area in or nearest to where she resides at the time she begins to use such services. In order to ensure the provision of such services, the Corporation and the Executive
shall enter into a contract with the career counselling services firm, pursuant to which such firm shall provide the Executive with the career counselling services required herein. 

 

	 	(k)	Annual Allowance. The Corporation shall pay to the Executive no later than the Payment Date an amount equivalent to two times the annual allowance to which she is entitled as of the date of the Notice of
Termination. 

  

	 	(l)	Financial Counselling. The Corporation shall, during the Severance Period, continue to provide the Executive with the same financial counselling benefits as those to which she was entitled as of the Change in
Control. Such services shall be provided throughout the Severance Period, including the preparation of her tax return(s) for herself for the taxation year during which the Severance Period ends. To ensure the provision of such services, the
Corporation and the Executive shall, as soon as practicable, enter into a contract with the financial counselling services firm, pursuant to which such firm shall provide the Executive with the financial counselling services required herein.

  

	 	(m)	 Executive Medical. The Corporation shall continue to provide the Executive with the same executive
physical examination benefits as those to which she was entitled as of the Change in Control. Such benefits shall be provided for the duration of the Severance Period. In order to ensure the provision of such benefits, the Corporation and the
Executive shall, as soon as practicable, enter into a contract with a medical services firm, pursuant to which such firm shall 

  
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provide the Executive with the executive physical examination services required herein. 

  

	 	(n)	Professional Membership Fees. To the extent not already paid to the Executive under Section 5.0(k), the Corporation shall pay the Executive, in cash, in a lump sum, no later than the Payment Date, an
after-tax amount equal to the present value of the cost of membership fees for membership in professional organizations related to her position and duties with the Corporation that she would have incurred throughout the Severance Period that would
have been payable or reimbursable by the Corporation under the terms of its policy in effect as of the Change in Control had she continued to be employed during the Severance Period, assuming that the annual cost of such fees was equal to the amount
reimbursed or paid by the Corporation for the year preceding the year in which a Notice of Termination is delivered. 

  

	 	(o)	Pension Benefits. In addition to the benefits which the Executive is entitled under the Encana Pension Plans, or any retirement arrangement established by the Corporation for the Executive with her consent:

  

	 	(i)	The Executive will be credited with pensionable contributions in the Encana Corporation Canadian Defined Contribution Savings Plan (the “Supplemental Pension Plan”), as may be amended from time to time or any
successor plan thereto, for each of the 24 months included in the Severance Period; 

  

	 	(ii)	For purposes of Section 5.0(o)(i), the Executive’s pensionable earnings shall be calculated based on the lesser of: (i) 40% of the Executive’s Severance Salary Rate; and (ii) the average of the
annual amounts paid to the Executive under the Annual Incentive Plans (excluding, for greater certainty, any special awards) in respect of the three complete fiscal years of the Corporation immediately preceding the Date of Termination, or such
annual average amount as calculated in accordance with Section 5.0(d) hereof; 

  

	 	(iii)	On or prior to the 15th business day following the Date of Termination, the Executive will receive a lump sum cash payment of her accrued entitlements under t he
Supplemental Pension Plan, payable on the Payment Date, such amount to be determined: (A) without any gross up or other adjustment for income tax and not taking in to account the non-registered status of the Supplemental Pension Plan, and
(B) assuming the Executive’s accrued entitlement under the Supplemental Pension Plan is fully vested. 

  

	 	(p)	 Legal Fees and Expenses. The Corporation shall pay the Executive’s legal or professional fees and
expenses incurred by her as a result of her termination (including actual legal fees and expenses, if any, incurred in contesting or disputing any such termination or in seeking to obtain or enforce any right or

  
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benefit provided by this Agreement) up to $100,000. Such fees shall be reimbursed by the Corporation reasonably promptly following receipt of a copy of any invoice from the Executive evidencing
the payment by the Executive of such fees. In addition, the Corporation will pay legal fees and expenses incurred by the Executive as a result of her termination that are in excess of $100,000 (including actual legal fees and expenses, if any,
incurred in contesting or disputing any such termination or in seeking to obtain or enforce any right or benefit provided by this Agreement) if a court or other tribunal finds in favour of the Executive. 

 

	 	(q)	Deductions. The Executive agrees that benefits and payments to which she is entitled pursuant to this Agreement are subject to deductions or other source withholdings as may be required by law. 

 

	 	(r)	Calculations. For purposes of determining the present value of an amount, other than for purposes of Section 5.0(o) above, the interest rate to be used shall be the yield for five year constant maturity
Canadian government bonds for the current week taken from the most recent weekly Canadian Debt Strategy published by ScotiaMcLeod Inc. or, if for any reason that report is not available at the relevant time, the most recent weekly report
published by another recognized Canadian publisher of a report of similar standing chosen by the Corporation. Calculations of pension amounts payable under this Agreement shall be subject to verification by the Corporation’s actuarial
consultants. 

  

	 	(s)	No Mitigation. The Executive shall not be required to mitigate the amount of any payment provided for in this Section by seeking other employment or otherwise, nor shall the amount of any payment or benefit
provided to the Executive by the Corporation referred to in this Section be reduced by any compensation earned by, or benefits paid to, the Executive as the result of employment, whether by another employer or self-employment, or by pension benefits
after the Date of Termination, or otherwise, except as specifically provided in this Section 

  

	6.0	Entire Agreement 

  

	 	6.1	This Agreement constitutes the entire agreement between the Parties hereto concerning change in control benefits and obligations and supersedes all prior agreements or understandings. There are no representations or
warranties, express or implied, or any conditions or collateral or implied agreements which apply to or govern benefits or obligations relating to a change in control of the Corporation between the Parties other than as are expressly set forth or
referred to herein. For greater certainty, all change in control agreements or contracts in existence prior to the date hereof are terminated and replaced by this Agreement. This Agreement cannot be amended except by a written agreement executed by
the Parties hereto. 

  
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	7.0	Successors; Binding Agreement 

  

	 	7.1	Assumption by Successors. The Corporation will require any successor corporation (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Corporation to expressly assume and to agree to perform this Agreement in the same manner and to the same extent as the Corporation, as if no such succession had taken place, and to the extent that the Corporation has
not already satisfied an obligation hereunder. Failure of the Corporation to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation
from the Corporation in the same amount and on the same terms as the Executive would be entitled to if the Executive were to terminate the Executive’s employment for Good Reason following a Change in Control of the Corporation , except that for
purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Corporation” shall mean the Corporation as hereinbefore defined and any
successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 

  

	 	7.2	Enforceability by Beneficiaries. This Agreement shall enure to the benefit of and be enforceable by the Parties hereto and their respective heirs, legal or personal representatives, successors and assigns and if
the Executive should die while any amount would still be payable to her hereunder if she had continued to live, all such amounts shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee or other designee
or, if there is no such designee, to her estate. 

  

	8.0	Notices 

  

	 	8.1	Notices. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing, shall be deemed to have been duly given when delivered or sent by facsimile,
charges prepaid and confirmed in writing or on the third business day after having been sent by registered mail, postage prepaid, as follows: 

If to the Corporation: 

Encana Corporation 
 500 Centre
Street S.E. 
 Calgary, Alberta 

T2P 2S5 
 Attention: Executive
Vice-President, Corporate Services 
 If to the Executive: 

XXXX XXXX 
 XXXX XX XXX XXX 

  
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 Attention: Joanne L. Alexander, Executive Vice-President & General Counsel 

Each of the Corporation and the Executive may from time to time change its address for notice by notice to the other Party given in the manner
aforesaid. 
  

	9.0	Subject to Clawback Policy 

  

	9.1	Notwithstanding any other provision herein, the Executive acknowledges and agrees that entitlements to any and all incentive compensation hereunder (including any portion thereof) and/or any payments in respect thereof
shall be expressly subject to the terms and conditions of the Corporation’s “Incentive Compensation Clawback Policy” (the “Policy”), attached hereto as Schedule “A”, as same may be amended by the Corporation from
time to time. Without limiting the generality of the foregoing, the provisions of this Agreement shall at all times be interpreted so as to be expressly subject to the provisions of the Policy. 

 

	10.0	Tax & 409A Compliance 

  

	10.1	This Agreement and any payment, distribution or other benefit hereunder shall comply with applicable law including, as applicable, all requirements of the Income Tax Act (Canada) any related regulations or other
guidance promulgated by the Canada Revenue Agency, the Internal Revenue Code of 1986, as amended (the “Code”), including, without limitation Section 409A thereof any exemption or exclusion therefrom, as well as any related regulations
or other guidance promulgated by the U.S. Department of the Treasury or the Internal Revenue Service (“Section 409A”) and, to the extent applicable, shall in be administered in accordance with Section 409A all respects; provided, that
for the avoidance of doubt, this provision shall not be construed to require a gross-up payment in respect of any taxes, interest or penalties imposed on Executive as a result of Section 409A. 

 

	10.2	For purposes of this Agreement, to the extent Section 409A is applicable, Executive shall not be deemed to have terminated employment unless and until a separation from service (within the meaning of Treasury
Regulation Section 1.409A-1(h)) has occurred. If Executive is a “specified employee” under Section 409A, no payment, distribution or other benefit provided pursuant to this Agreement constituting a deferral of compensation (within the
meaning of Treasury Regulation Section 1.409A-1(b)) that is required to be delayed to comply with Code Section 409A(a)(2)(B)(i) shall be provided before the date that is six months after the date of such separation from service (or, if earlier
than the end of such six-month period, the date of death of the specified employee). Any payment, distribution or other benefit that is delayed pursuant to the prior sentence shall be paid on the first business day following the six-month
anniversary of the separation from service. 

  

	10.3	 To the extent Section 409A is applicable, in no event may Executive, directly or indirectly, designate the
calendar year of any payment to be made under this Agreement. Any provision that would cause this Agreement or a payment, distribution or other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no force or effect
and, to the extent an amendment would be effective for purposes of Section 

  
 Page 13 

	 	
409A, the parties agree that this Agreement shall be amended to comply with Section 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. Each payment under this
Agreement shall be treated as a separate payment for purposes of Section 409A. 

  

	10.4	To the extent Section 409A is applicable, all reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where
applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a
calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made not later than the last day of Executive’s
taxable year following the taxable year in which such expense was incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. Notwithstanding anything in this Agreement to the
contrary, with respect to payment of legal fees and expenses pursuant to Section 5(p) hereof, if the court or other tribunal has not yet found in favour or against the Executive prior to the last day of Executive’s taxable year following
the taxable year in which such fees and expenses were incurred, such fees and expenses will be paid on the last day of such taxable year following the taxable year in which such fees and expenses were incurred. If such court or other tribunal does
not ultimately find in favour of the Executive, the Executive will repay to the Corporation as soon as practicable, but in no event more than 90 days after the court or other tribunal renders its ruling, any amounts paid or reimbursed pursuant to
the prior sentence that would not have been paid or reimbursed pursuant to Section 5(p) but for the prior sentence. 

  

	10.5	In the event a payment made to the Executive hereunder would constitute an “excess parachute payment” subjection to Section 280G of the Code, such payment shall be reduced to the highest level such that the
payment shall no longer constitute an “excess parachute payment”, and the amount of such reduction shall be forfeited by the Executive. The determination as to whether any payment hereunder is an “excess parachute payment” shall
be made by the Board in its sole discretion in good faith. 

  

	11.0	Miscellaneous 

  

	11.1	Amendment and Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing. No waiver by either Party hereto of, or in
compliance with, any condition or provision of this Agreement to be performed by such other Party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

 

	11.2	Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights of the Parties shall be governed by, the laws of the Province of Alberta. 

 

	11.3	Currency. All amounts in this Agreement are stated in and shall be paid in Canadian currency. 

  
 Page 14 

	11.4	Gender and Number. Unless the context otherwise requires, words importing the singular include the plural and vice versa and words importing one gender include the other gender. 

 

	12.0	Validity 

  

	12.1	The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

  

	13.0	Counterparts 

  

	13.1	This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same Agreement. 

 

	14.0	Headings 

  

	14.1	The division of this Agreement into sections, subsections and clauses, or other portions hereof and the insertion of headings or subheadings, are for convenience of reference only and shall not affect the construction
or interpretation of this Agreement. 

  
 Page 15 

	15.0	Time of the Essence 

  

	15.1	Time shall be of the essence in this Agreement. 

 IN WITNESS WHEREOF, the Parties hereto have caused
this Agreement to be duly executed effective as of the date first above written. 
  

			
	ENCANA CORPORATION
		
	Per:	 	/s/ Douglas J. Suttles
		 	  

		 	Douglas J. Suttles
		 	President & Chief Executive Officer
		
	Per:	 	 /s/ Joanne L. Alexander

		 	  

		 	Joanne L. Alexander
		 	Executive Vice-President & General Counsel
		
		 	 /s/ Michael Williams

		 	  

		 	Witness

  
 Page 16 

 SCHEDULE “A” 

INCENTIVE COMPENSATION CLAWBACK POLICY: 

By resolution of the Board of Di rectors (the “Board”) of Encana Corporation (“Encana” or the
“Corporation”), this Policy is effective as of this 22nd day of October, 2012 (the “Effective Date”). 

This Policy applies to the President & Chief Executive Officer and each Executive-Vice President of the Corporation and any individual who serves in
either such capacity on or following the Effective Date (collectively, the “Executive”). References in this Policy to the “Corporation” include, where applicable, any affiliate thereof. 

This Policy has been adopted to enhance the Corporation’s alignment with best practices in respect of risk management and executive compensation and
shall be, at all times, subject to and interpreted in a manner consistent with applicable laws or the rules of any applicable stock exchange (collectively, “Applicable Rules”). 

This Policy applies to “Incentive-Based Compensation” which, for the purposes of this Policy, means compensation relating to the achievement
of performance goals or similar conditions, excluding salary, perquisites, benefits and pension entitlements, and including, without limitation, any award or grant of or any eligibility, entitlement or gain of, an Executive under the
Corporation’s: (i) High Performance Results Plan, or any other short-term incentive plan; or (ii) Long-Term Incentive (“LTI”) program including, without limitation, Employee Stock Option Plan, Employee Stock
Appreciation Rights Plan, Performance Share Unit Plan, Restricted Share Unit Plan and Deferred Share Unit Plan, as each may be amended from time to time (including any performance-based grants under any such plans). For greater clarity, this Policy
shall not apply to any Incentive-Based Compensation awarded, granted or paid to an Executive prior to the Effective Date. 
 Where: 

 

	 	•	 	the Corporation is required to prepare an accounting restatement due to its material non-compliance with any financial reporting requirement under applicable securities laws (the
“Restatement”), (the date upon which the Corporation is required to prepare such Restatement is hereinafter the “Restatement Date”); 

 

	 	•	 	the Executive received Incentive-Based Compensation referable to the financial years subject to the Restatement in excess of what the Executive would have been paid under the Restatement (the “Overcompensation
Amount”); and 

  

	 	•	 	the Executive engaged in gross negligence, intentional misconduct or fraud which caused or significantly contributed to the Corporation’s material non-compliance with applicable securities laws which resulted in
the requirement for the Restatement; 

 the Board shall be entitled: 
  

	 	•	 	where and to the extent the Overcompensation Amount has been previously paid, transferred or otherwise made available to the Executive, to require the Executive, by written demand, to reimburse the Corporation for the
Overcompensation Amount; and 

  

	 	•	 	 where all or a portion of the Overcompensation Amount has not been paid , transferred or otherwise made available
to the Executive, the right of the Executive to be so paid or have such benefit transferred or otherwise made available to him or her shall, to the extent required to reimburse the Corporation for such Overcompensation Amount, immediately terminate
and be 

	 	 
forfeited by the Executive and where required, cancelled by the Corporation to such extent and upon such date as may be specified by the Board; and 

 

	 	•	 	to the extent the Overcompensation Amount is not immediately recovered upon demand from the Executive, whether via direct reimbursement, forfeiture and/or cancellation, to require a sufficient quantity or value of any
compensation owing by the Corporation to the Executive including, without limitation, any unvested or unexercised awards under the LTIs (the “Outstanding LTIs”), be immediately withheld and/or irrevocably cancelled by the
Corporation to compensate for (or set off the value of same against) the Overcompensation Amount or any unrecovered portion thereof, and to bring any other actions against the Executive which the Board may deem necessary to recover the
Overcompensation Amount. 

 The period of time during which the Corporation shall be entitled to seek recovery of the Overcompensation Amount
from the Executive shall be three (3) years from the Restatement Date. Recoupment of Overcompensation Amounts under this Policy shall be initiated by the Corporation at the request of the Board, and all amounts recoverable or payable hereunder
shall be paid to the Corporation or as directed by the Board. 
 If Applicable Rules require the Corporation to adopt a policy or provisions relating to the
recoupment or recovery of incentive-based or other compensation based on restated financial statements which are inconsistent with or materially differ from this Policy and the Board adopts such policy or provisions to comply with Applicable Rules
(the “New Policy”), such New Policy shall replace and supersede this Policy and shall apply to Incentive-Based Compensation granted or awarded to the Executive following the effective date of the New Policy. Subject to Applicable
Rules, this Policy shall continue to apply to Incentive-Based Compensation granted or awarded to the Executive prior to the effective date of the New Policy. This Policy may be terminated at any time by the Board. 

  
 Page 2EX-10.25

 Exhibit 10.25 

DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is effective as of the 20th day of
July, 2016 between Encana Corporation (the “Corporation”), and                      (the “Indemnified Party”). 

RECITALS: 
 A. The Board of Directors of the Corporation (the
“Board”) considers it in the best interests of the Corporation to assure the Indemnified Party of reasonable protection through indemnification against certain risks arising out of service to, and activities on behalf of, the
Corporation to the extent permitted by law. 
 B. By-law No. 1 of the Corporation contemplates that the
Indemnified Party may be indemnified in certain circumstances. 
 C. Any previously entered into an indemnification agreement between the Corporation and
the Indemnified Party dealing with this subject matter is intended to be superseded by this Agreement. 
 NOW THEREFORE in consideration of the mutual
covenants and agreements contained herein and other good and valuable consideration (the receipt and sufficiency of which are acknowledged), the parties agree as follows: 

1. Interpretation 
 1.1 Definitions. In this
Agreement, the following terms have the following meaning: 
 “Act” means the Canada Business Corporations Act and the regulations made
thereto, as from time to time amended, and every statute that may be substituted therefor, and in the case of such amendment or substitution, any reference to the Act in this Agreement refers to the amended or substituted provisions therefor. 

“Agreement” means this indemnification agreement, as it may be amended or restated from time to time and the words “Article” and
“Section” followed by a number mean and refer to the specified article or section of this indemnification agreement. 
 “Business
Day” means any day, other than a Saturday, Sunday or statutory holiday in Calgary, Alberta. 
 “Losses” means all costs, charges,
expenses (including other out-of-pocket expenses for attending discoveries, trials, hearings and meetings to prepare for those proceedings), losses, damages, Taxes, fees
(including any legal, professional or advisory fees or disbursements reasonably incurred), awards, settlements, liabilities, fines, penalties, statutory obligations or amounts paid to settle or dispose of a claim or satisfy a judgment, in each case,
which the Indemnified Party may reasonably suffer, sustain, incur or be required to pay in respect of a threatened, pending or completed Proceeding. 

“Proceeding” means a claim, demand, suit, proceeding, inquiry, hearing, discovery or investigation, of whatever nature or kind, whether
threatened, reasonably anticipated, pending, commenced, continuing or completed, and any appeal, and whether or not brought by the Corporation or other entity described in Section 3.3, as applicable. 

“Taxes” includes any assessment, reassessment, claim or other amount for taxes, charges, duties, levies, imposts or similar amounts,
including any interest and penalties in respect thereof, but excludes taxes on any fees, salary or other form of director or officer compensation the Indemnified Party receives. 

 1.2 Other Defined Terms. Words and expressions defined in the Act have the same meanings when used herein.

 1.3 Gender and Number. Any reference in this Agreement to gender includes all genders and words importing the singular include the plural and vice
versa. 
 1.4 Certain Phrases. In this Agreement: 

1.4.1 the words “including” and “includes” mean “including (or includes) without limitation”; and 

1.4.2 in the computation of periods of time from a specified date to a later specified date, unless otherwise expressly stated, the word “from”
means “from and including” and if the last day of any such period is not a Business Day, such period will end on the next Business Day. 
 1.5
Headings, etc. The division of this Agreement into Articles and Sections and the insertion of headings are for convenient reference only and are not to affect or be used in the construction or interpretation of this Agreement. 

2. Indemnification. The Corporation will, subject to Section 3, indemnify and save harmless the Indemnified Party and the heirs and legal
representatives of the Indemnified Party to the fullest extent permitted by applicable law: 
 2.1 from and against all Losses sustained or incurred by the
Indemnified Party in respect of any civil, criminal, administrative, investigative or other Proceeding to which the Indemnified Party is involved in by reason of being or having been a director or officer of the Corporation or other entity described
in Section 3.3, as applicable; and 
 2.2 from and against all Losses sustained or incurred by the Indemnified Party as a result of serving as a
director or officer of the Corporation in respect of any act, matter, deed or thing whatsoever made, done, committed, omitted, permitted or acquiesced in by the Indemnified Party as director or officer of the Corporation or other entity described in
Section 3.3, as applicable, whether before or after the effective date of this Agreement and whether or not related to a Proceeding. 
 3.
Entitlement to Indemnification 
 3.1 The rights provided to an Indemnified Party hereunder will, subject to applicable law, apply without reduction
to an Indemnified Party provided that: (a) the Indemnified Party acted honestly and in good faith with the view to the best interests of the Corporation or other entity described in Section 3.3, as applicable; and (b) in the case of a
criminal or administrative action or Proceeding that is enforced by a monetary penalty, the Indemnified party had reasonable grounds for believing that his conduct was lawful. 

3.2 This indemnity will not apply to: (a) claims initiated by the Indemnified Party against the Corporation or any other entity described in
Section 3.3, as applicable, except for claims relating to the enforcement of this Agreement; (b) claims initiated by the Indemnified Party against any other person or entity unless the Corporation or other entity described in
Section 3.3, as applicable, has joined with the Indemnified Party in or consented to the initiation of that Proceeding, and (c) claims by the Corporation for the forfeiture and recovery by the Corporation of bonuses or other compensation
received by the Indemnified Party from the Corporation due to the Indemnified Party’s violation of applicable securities or other laws. To the extent prior court or other approval is required in connection with any indemnification obligation of
the Corporation hereunder, the Corporation will seek and use all reasonable efforts to obtain that approval as soon as reasonably possible in the circumstances. 

3.3 The indemnities in this Agreement also apply to an Indemnified Party in respect to his service at the Corporation’s request as: (a) an officer
or director of another corporation; or (b) a similar role with another entity, including a partnership, trust, joint venture or other unincorporated entity. 

  
 - 2 - 

 3.4 In respect of a Proceeding by or on behalf of the Corporation or other entity described in Section 3.3,
as applicable, to procure a judgment in its favour to which the Indemnified Party is made a party because of the Indemnified Party’s association with the Corporation or other entity described in Section 3.3, as applicable, the Corporation
shall, at the Indemnified Party’s request and at the Corporation’s cost, promptly make an application for approval of a court of competent jurisdiction to indemnify the Indemnified Party against all Losses in connection with such
Proceeding. 
 4. Presumptions/Knowledge. The knowledge and/or actions, or failure to act, of any other director, officer, agent or employee of the
Corporation or any other entity will not be imputed to the Indemnified Party for any purposes of determining the right to indemnification under this Agreement. 

5. Notice by Indemnified Party. As soon as is practicable, upon the Indemnified Party becoming aware of any Proceeding which may give rise to
indemnification under this Agreement other than a Proceeding commenced by the Corporation, the Indemnified Party will give written notice to the Corporation. Failure to give notice in a timely fashion will not disentitle the Indemnified Party to
indemnification, except and only to the extent that the Corporation demonstrates that the failure results in the forfeiture by the Corporation of substantive rights or defenses. Upon receipt of such notice, the Corporation will give prompt notice of
the Proceeding to any applicable insurer from whom the Corporation has purchased insurance that may provide coverage to the Indemnified Party in respect of the Proceeding. 

6. Investigation by Corporation. The Corporation may conduct any investigation it considers appropriate of any Proceeding of which it receives notice
under Section 5, and will pay all costs of that investigation. Upon receipt of reasonable notice from the Corporation, the Indemnified Party will, acting reasonably, co-operate fully with the
investigation provided that the Indemnified Party will not be required to provide assistance that would reasonably prejudice: (a) his defence; (b) his ability to fulfill his business obligations; or (c) his business and/or personal
affairs. The Indemnified Party will, for the period of time that he cooperates with the Corporation with respect to an investigation, be compensated by the Corporation at the rate per day (or partial day) equivalent to the per diem that is payable
by the Corporation to members of the Board in connection with their attendance at Board meetings, including a reimbursement for travelling and other expenses properly incurred by the Indemnified Party in connection therewith, such expenses to be
reimbursed in the same manner as similar expenses for attendance at Board meetings are reimbursed. The Indemnified Party will not be entitled to the per diem if he is employed as an officer of the Corporation on such day. 

7. Defence of Action. Promptly after receiving written notice of any Proceeding or threatened Proceeding from the Indemnified Party, the Corporation
shall, except as specified in Section 8, assume conduct of the defence thereof in a timely manner and retain counsel on behalf of the Indemnified Party, provided that such counsel is reasonably satisfactory to the Indemnified Party, to
represent the Indemnified Party in respect of the Proceeding. In the event the Corporation assumes conduct of the defence on behalf of the Indemnified Party, the Indemnified Party hereby consents to the conduct thereof and of any action taken by the
Corporation, in good faith, in connection therewith. The Indemnified Party shall fully cooperate in such defence including, without limitation, the provision of documents, attending examinations for discovery, making affidavits, meeting with
counsel, testifying and divulging to the Corporation and its insurers all information reasonably required to defend or prosecute the Proceeding. 
 8.
Right to Independent Legal Counsel. If the Indemnified Party is named as a party or a witness to any Proceeding, or the Indemnified Party is questioned on any of his actions, omissions or activities are in any way investigated, reviewed or
examined in connection with or in anticipation of any actual or potential Proceeding, the Indemnified Party will be entitled to retain independent legal counsel at the Corporation’s expense to act on the Indemnified Party’s behalf to
provide initial assessment to the Indemnified Party of the appropriate course of action for the Indemnified Party. The Indemnified Party will not be entitled to continued representation by independent counsel at the Corporation’s expense beyond
the initial assessment unless (i) the parties reasonably agree that there is conflict of interest between the Corporation and the Indemnified Party, on the one hand, and the Corporation, on the other hand, and the Indemnified Party shall have
been advised by its counsel that representation of both parties by the same counsel would 

  
 - 3 - 

 
be inappropriate due to the actual or potential differing interests between them or (ii) the Corporation has not appointed counsel pursuant to Section 7 in a timely manner. 

9. Partial Indemnification. If it is determined by a court of competent jurisdiction that the Indemnified Party is entitled under any provisions of
this Agreement to indemnification by the Corporation for some or a portion of the Losses incurred in respect of any claim but not for the total amount thereof, the Corporation shall nevertheless indemnify the Indemnified Party for the portion
thereof to which the Indemnified Party is determined by a court of competent jurisdiction to be so entitled. 
 10. Payment for Expenses of a
Witness. Notwithstanding any other provision of this Agreement, to the extent that the Indemnified Party is, by reason of the fact that the Indemnified Party is or was a director or officer of the Corporation or another entity, or acting in a
capacity similar to an officer or director of another entity, at the Corporation’s request, a witness or participant other than as a named party in a Proceeding, the Corporation will pay to the Indemnified Party all out-of-pocket Expenses actually incurred by or on behalf of the Indemnified Party in connection therewith. The Indemnified Party will also be compensated by the Corporation at
the rate per day (or partial day) equivalent to the per diem that is payable by the Corporation to members of the Board in connection with their attendance at Board meetings provided that the Indemnified Party will not be entitled to the per diem if
he is a full-time employee of the Corporation on such day. 
 11. Losses Advances. Subject to applicable law, the Corporation will, upon request by
the Indemnified Party, make advances (“Losses Advances”) to the Indemnified Party of all Losses for which the Indemnified Party seeks indemnification under this Agreement before the final disposition of the relevant Proceeding. Losses
Advances may include anticipated Losses. In connection with such requests, the Indemnified Party will provide the Corporation with a written affirmation of the Indemnified Party’s good faith belief that the Indemnified Party is legally entitled
to indemnification in accordance with this Agreement, along with sufficient particulars of the Losses to be covered by the proposed Losses Advance to enable the Corporation to make an assessment of its reasonableness. The Indemnified Party’s
entitlement to such Losses Advance will include those Losses incurred in connection with any Proceeding by the Indemnified Party against the Corporation seeking an adjudication or award pursuant to this Agreement. The Corporation will make payment
to the Indemnified Party within 10 days after the Corporation has received the foregoing information from the Indemnified Party. All Losses Advances for which indemnification is sought must relate to Losses anticipated within a reasonable time of
the request. 
 The Indemnified Party will repay to the Corporation all Losses Advances not actually required and will repay all Losses Advances if it is
determined by a court of competent jurisdiction that the conditions of Section 3 are not met. If requested by the Corporation, the Indemnified Party will provide a written undertaking to the Corporation confirming the Indemnified Party’s
obligations under the preceding sentence as a condition to receiving a Losses Advance. 
 12. Indemnification Payments. Subject to Section 3 and
with the exception of Losses Advances which are governed by Section 11, the Corporation will pay to the Indemnified Party any amounts to which the Indemnified Party is entitled hereunder promptly upon the Indemnified Party providing the
Corporation with reasonable details of the claim. The Corporation will, forthwith after any request for payment to or for an Indemnified Party, seek any court approval that may be required to permit payment. If the conditions of Section 3 are
not met, the Corporation will not be required to pay the Indemnified Party any amounts pursuant to this indemnification and, further, the Indemnified Party will repay all amounts paid thereto by the Corporation pursuant to this indemnification. 

13. Settlement. The parties will act reasonably in pursuing the settlement of any Proceeding. The Corporation may not negotiate or effect a settlement
of claims against the Indemnified Party without the consent of the Indemnified Party, acting reasonably. The Indemnified Party may negotiate a proposed settlement without the consent of the Corporation. The Corporation will consider in good faith in
the best interests of the Corporation whether or not to consent to any such proposed settlement and will advise the Indemnified Party of its determination on a timely basis. If the Corporation advises the Indemnified Party that it does not consent
to the settlement provided the settlement is expressly stated to be made by the 

  
 - 4 - 

 
Indemnified Party on his own behalf without any admission of liability by the Indemnified Party and/or the Corporation, the Indemnified Party may nonetheless effect the settlement, but the
Corporation will not be liable for indemnification under this Agreement with respect to any such settlement. 
 14. Directors’ & Officers’
Insurance. The Corporation will ensure that its liabilities under this Agreement, and the potential liabilities of the Indemnified Party that are subject to indemnification by the Corporation pursuant to this Agreement, are, at all times while
the Indemnified Party is a director or officer of the Corporation or other entity described in Section 3.3, as applicable, and for a period of 6 years thereafter, supported by a directors’ and officers’ liability insurance policy (the
“Policy”) with terms and conditions reasonably appropriate for a public company of a similar size and scope as the Corporation, without regard to the financial circumstances of the Corporation. As may be required by the Policy, the
Corporation will immediately notify the Policy’s insurers of any occurrences or situations that could potentially trigger a claim under the Policy and will promptly advise the Indemnified Party that the insurers have been notified of the
potential claim. If the Corporation is sold or enters into any business combination or other transaction as a result of which the Policy is terminated and not replaced with a substantially similar policy equally applicable to the Indemnified Party,
the Corporation will cause run off “tail” insurance to be purchased for the benefit of the Indemnified Party with substantially the same coverage for the balance of the 6-year term set out in
Section 24 without any gap in coverage. The Corporation will provide to the Indemnified Party a copy of each policy of insurance providing the coverage contemplated by this Section promptly after coverage is obtained, and evidence of each
annual renewal thereof, and will promptly notify the Indemnified Party if the insurer cancels, makes material changes to coverage or refuses to renew coverage (or any part of the coverage). 

14.1 Deductible. If for any reason whatsoever, the Policy insurer asserts that the Indemnified Party is subject to a deductible under any existing or
future Policy purchased and maintained by the Corporation for the benefit of the Indemnified Party, the Corporation shall pay the deductible for and on behalf of the Indemnified Party. 

14.2 No Double Recovery. The Corporation shall not be obligated to pay the Indemnified Party for any Losses which have been paid on behalf of the
Indemnified Party under any insurance policy maintained by the Corporation or otherwise. 
 14.3 Subrogation. To the extent permitted by law, the
Corporation shall be subrogated to all rights which Indemnified Party may have under all policies of insurance or other contracts pursuant to which Indemnified Party may be entitled to reimbursement of, or indemnification in respect of, any Losses
borne by the Corporation pursuant to this Agreement. 
 15. Arbitration. Except as otherwise required by applicable law, all disputes, disagreements,
controversies or claims arising out of or relating to this Agreement, including, without limitation, with respect to its formation, execution, validity, application, interpretation, performance, breach, termination or enforcement will be determined
by arbitration before a single arbitrator under the Arbitration Act (Alberta).The arbitrator will be selected by the managing partner of the Calgary office of any one of the accounting firms of Deloitte LLP, PricewaterhouseCoopers LLP,
Ernst & Young LLP or KPMG LLP, or their respective successors, that is not otherwise then engaged as the auditor of the Corporation having regard to the nature of the dispute (legal, financial or other) or such other party on whom the
Corporation and the Indemnified Party agree. The arbitrator will determine the rules for arbitration, including, based on the outcomes of the arbitration, the breakdown between the Corporation and the Indemnified Party of the costs for conducting
the arbitration. 
 16. Tax Adjustment. Should any payment made pursuant to this Agreement, including the payment of insurance premiums or any
payment made by an insurer under an insurance policy, be deemed to constitute a taxable benefit or otherwise be or become subject to any tax or levy, then the Corporation will pay any amount necessary to ensure that the amount received by or on
behalf of the Indemnified Party, after the payment of or withholding for tax, fully reimburses the Indemnified Party for the actual cost, expense or liability incurred by or on behalf of the Indemnified Party. However, the foregoing sentence will
not apply to any compensation paid as per diem to the Indemnified Party pursuant to Sections 6 or 10. 

  
 - 5 - 

 17. Cost of Living Adjustment. The per diem payable pursuant to Sections 6 and 10 will be adjusted to
reflect changes from the date of this Agreement in the All-items Cost of Living Index for the City of Calgary prepared by Statistics Canada or any successor index or government agency in the event that such
per diem would otherwise be less than the as adjusted amount. 
 18. Governing Law. The Agreement will be governed by the laws of the Province of
Alberta and the federal laws of Canada applicable therein. 
 19. Priority and Term. The Agreement will supersede any previous agreement between the
Corporation and the Indemnified Party dealing with this subject matter, and will be deemed to be effective as of the date that is earlier of (a) the date on which the Indemnified Party first became a director or officer of the Corporation; or
(b) the date on which the Indemnified Party first served, at the Corporation’s request, as a director or officer, or an individual acting in a capacity similar to a director or officer, of another entity. 

20. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or law, or public
policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of this Agreement is not affected in any manner materially adverse to either party. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in
an acceptable manner to the end that the provisions of this Agreement are fulfilled to the fullest extent possible. 
 21. Binding Effect; Successors and
Assigns. This Agreement shall bind and enure to the benefit of the successors, heirs, executors, personal and legal representatives and permitted assigns of the parties hereto, including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all the business or assets of the Corporation. The Corporation shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all
or substantially all of the business or assets of the Corporation, by written agreement in form and substance reasonably satisfactory to the Indemnified Party, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the Corporation would be required to perform if no such succession had taken place. Subject to the requirements of this Section 21, this Agreement may be assigned by the Corporation to any successor (whether direct or indirect,
and whether by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporation. This Agreement may not be assigned by the Indemnified Party without the prior written consent of the Corporation.

 22. Covenant. The Corporation hereby covenants and agrees that it will not take any action, including, without limitation, the enacting, amending
or repealing of any by-law, which would in any manner adversely affect or prevent the Corporation’s ability to perform its obligations under this Agreement. 

23. Parties to Provide Information and Co-operate. The Corporation and the Indemnified Party shall from time to
time provide such information and co-operate with the other as the other may reasonably request in respect of all matters under this Agreement. 

24. Survival. The obligations of the Corporation under this Agreement, other than Section 14, will continue under the later of: (a) 10 years after
the Indemnified Party ceases to be a director or officer of the Corporation or other entity described in Section 3.3, as applicable; and (b) with respect to any Proceeding commenced prior to the expiration of such 10-year period with respect to which the Indemnified Party is entitled to claim indemnification hereunder, one year after the final termination of that Proceeding. The obligations of the Corporation under
Section 14 of this Agreement will continue for 6 years after the Indemnified Party ceases to be a director or officer of the Corporation or other entity described in Section 3.3, as applicable. 

25. Acknowledgement. The Indemnified Party acknowledges that he has been advised to obtain independent legal advice with respect to entering into this
Agreement, that he has obtained such inde-

  
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pendent legal advice or has decided not to seek such advice, and that he is entering into this Agreement with full knowledge of its contents, of his own free will and with capacity and authority
to do so. The Indemnified Party further acknowledges and agrees that this Agreement satisfies in full the Corporation’s obligation of indemnification in favour of the Indemnified Party described in Section 8.02 of By-law No.1 of the Corporation. 
 26. Confidentiality. The Indemnified Party shall keep this Agreement
confidential and shall not disclose it or any of its terms to any other person except and only to the extent required by applicable law. 
 27.
Insolvency. The liability of the Corporation under this Agreement shall not be affected, discharged, impaired, mitigated or released by reason of the discharge or release of the Indemnified Party in any bankruptcy, insolvency, receivership or
other similar proceeding of creditors. The rights of the Indemnified Party under this Agreement shall not be prejudiced or impaired by permitting or consenting to any assignment in bankruptcy, receivership, insolvency or any other creditor’s
proceedings of or against the Corporation or other entity as described in Section 3.3, as applicable, or by the winding-up or dissolution of the Corporation or the other entity. 

28. Multiple Proceedings. No action or proceeding brought or instituted under this Agreement and no recovery pursuant thereto shall be a bar or defence
to any further action or proceeding which may be brought under this Agreement. 
 29. Notices. Any notice, consent, waiver or other communication
given under this Agreement must be in writing and may be given by delivering it (whether in person, by courier service or other personal method of delivery) or sending it by e-mail or other similar form of
electronic record transmission: 
 to the Indemnified Party at: 

[Address] 
 Attention: [specify] 

E-Mail: [email address] 

to the Corporation at: 
 500 Centre Street S.E. 

Calgary, Alberta T2G 1A6 
 Attention: President & Chief
Executive Officer 
 Any such communication is deemed to have been delivered on the date of personal delivery or transmission, as the case may be, if such
day is a Business Day and such delivery or transmission was received by the recipient party prior to 5 p.m. (Calgary time) and otherwise on the next Business Day. Any party may change its address for service by notice given in accordance with the
foregoing and any subsequent notice must be sent to such party at its changed address. 
 30. Amendments. This Agreement may only be amended,
supplemented or otherwise modified by written agreement of the parties. 
 31. Waiver. The failure or delay by a party in enforcing or insisting upon
strict performance of any of the provisions of this Agreement does not constitute a waiver of such provision or in any way affect the validity or enforceability of this Agreement or deprive a party of the right, at any time or from time to time, to
enforce or insist upon strict performance of that provision or any other provision of this Agreement. Any waiver by a party of any provision of this Agreement is effective only if in writing and signed by a duly authorized representative of such
party. 
 32. Time of the Essence. Time is of the essence of this Agreement. 

33. Counterparts. This Agreement may be executed in any number of separate counterparts (including by electronic means) and all such signed
counterparts will together constitute one and the same agreement. 

  
 - 7 - 

 IN WITNESS WHEREOF the parties have executed and delivered this Agreement. 

 

			
	ENCANA CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	[Director/Officer]

  
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