Document:

EX-10.III.A.6

 2020 RESTRICTED STOCK UNIT PLAN (for residents of Canada) 

Residents of Canada 
  

	1.	 Plan Purpose: 

The purpose of the 2016 Restricted Stock Unit Plan (the “Plan”) is to provide an incentive to selected employees and nonemployee
directors to promote optimum individual contribution to sustained improvement in the Company’s business performance and shareholder value, and to motivate them to remain with the Company, its wholly owned subsidiaries or a Designated Employer,
and to promote continued loyalty to the Company and avoidance of conflict of interest during the period following termination of Continued Employment. 
  

	2.	 Description of Units: 

This incentive is provided by the grant of Restricted Stock Units (“RSU”) which give the Plan participant the right, subject to the
terms and conditions herein: 
  

	 	(a)	 on the first Vesting Date, if the Grantee has received RSUs vesting the first 50% on the third anniversary of
the Grant Date, to receive from the Company, upon vesting, an amount in respect of each RSU, which is equal to the Vesting Price; and 

  

	 	(b)	 on the first Vesting Date, if the Grantee has received RSUs vesting the first 50% on the fifth anniversary of
the Grant Date, and on the last Vesting Date, to receive from the Company, upon vesting, Common Shares, or to elect to receive a cash amount in respect of each RSU, which is equal to the Vesting Price. 

 

	3.	 Eligibility and Awards: 

RSUs will be granted only to selected employees and to nonemployee directors of the Company or to selected employees of a Designated Employer.
Frequency and level of awards to individual participants will be determined by the administrative authority. Individual awards under this Plan will not necessarily be granted annually. The entitlement to receive amounts and Common Shares pursuant to
clause 2 and clause 6 arises from past services rendered from the Grant Date to the date of vesting of the RSU. 
  

	4.	 Definitions: 

In this Plan document, except where the context otherwise indicates, the following definitions apply: 

 

	 	(a)	 “Administrative authority” means the Board of Directors of the Company and those committees and
persons designated as the administrative authority pursuant to clause 13(e). 

  

	 	(b)	 “Affiliate” means a legal entity which controls, or which is controlled by, or which is controlled by
an entity which controls, the Company. 

  

	 	(c)	 “Common Share” means a common share in the capital of the Company. 

 

	 	(d)	 “Company” means Imperial Oil Limited. 

 

	 	(e)	 “Continued Employment” means continued employment after the RSU Grant Date with any one or more of
the Company, its wholly owned subsidiaries or a Designated Employer, and for nonemployee directors means the period of time while serving as a director of Imperial Oil Limited. 

 

	 	(f)	 “Control” means the power to direct or cause the direction of the management and policies of another
person or entity whether through the ownership of shares or partnership interest, a contract, trust arrangement or any other means, either directly or indirectly, that results in control in fact and without restricting the generality of the
foregoing includes, with respect to the control of or by a corporation or a partnership, the ownership of shares or partnership interest carrying not less than 50% of the voting rights regardless of whether such ownership occurs directly or
indirectly, as contemplated above. “Controls” and “Controlled by” and other derivatives shall be construed accordingly. 

	 	(g)	 “Designated Employer” means an employer which is an affiliate of the Company and which is designated
as such for the purposes of this Plan by the Company. 

  

	 	(h)	 “Detrimental activity” of a Grantee means, with respect to the Grantee’s retention of
outstanding awards under this Plan, activity at any time that is determined in individual cases by the administrative authority to be (a) a material violation of applicable standards, policies, or procedures of the Company or an affiliate; or
(b) a material breach of legal or other duties owed by the Grantee to the Company or an affiliate; or (c) a material breach of any contract between the Grantee and the Company or an affiliate; or (d) acceptance by the Grantee of
duties to a third party under circumstances that create a material conflict of interest, or the appearance of a material conflict of interest. Detrimental activity includes, without limitation, activity that would be a basis for termination of
employment for cause under applicable law in Canada. With respect to material conflict of interest or the appearance of material conflict of interest, such conflict or appearance might occur when, for example and without limitation, a Grantee
holding an outstanding award becomes employed or otherwise engaged by an entity that regulates, deals with, or competes with the Company or an affiliate. 

  

	 	(i)	 With respect to Executive Employees of the Company or a Designated Employer, detrimental activity, or the
activity otherwise described in clause 7(f)(ii), may occur at any time prior to vesting of the employee’s outstanding awards. 

  

	 	(ii)	 With respect to Managerial, Professional and Technical (MPT) Employees of the Company or a Designated Employer,
detrimental activity, or the activity otherwise described in clause 7(f)(ii), may occur at any time prior to, or within 36 months of, termination of Continued Employment of such Managerial, Professional and Technical Employee. 

 

	 	(iii)	 With respect to nonemployee directors of the Company, detrimental activity, or the activity otherwise described
in clause 7(f)(ii), may occur at any time prior to, or within 24 months of, termination of Continued Employment of the nonemployee director. Notwithstanding any other provision of this clause, with respect to a nonemployee director, any actions
taken by a nonemployee director or former nonemployee director who acted in good faith and in the best interests of the Company shall not constitute detrimental activity. 

 

	 	(i)	 “Dividend Equivalents” means cash payments pursuant to clause 6 corresponding in amount and timing to
the cash dividend that is paid by the Company on a Common Share of the Company. 

  

	 	(j)	 “Grant Date” means the date specified in the Grant Instrument that an RSU is granted under the Plan.

  

	 	(k)	 “Grant Instrument” means the document given by the Company to an employee and nonemployee director
governing a grant of Restricted Stock Units. 

  

	 	(l)	 “Grantee” means the recipient of a Grant Instrument. 

 

	 	(m)	 “Legal Representatives” means a Grantee’s executors or administrators. 

 

	 	(n)	 “Normal retirement time” means for each employee, the first day of the month immediately following
the normal retirement date, as determined in the Imperial Oil Limited Retirement Plan (or the provision in any plan or plans of the Company substituted therefore). 

 

	 	(o)	 “Terminate” means cease to be an employee for any reason, whether at the initiative of the employee,
the employer, or otherwise. That reason could include, without limitation, resignation or retirement by the employee; discharge of the employee by the employer, with or without cause; death; transfer of employment to an entity that is a not an
affiliate; or a sale, divestiture, or other transaction as a result of which an employer ceases to be an affiliate. A change of employment from the Company or one affiliate to another affiliate, or to the Company, is not a termination. The time or
date of termination is not necessarily the employee’s last day on the payroll. 

	 	(p)	 “Vesting Date” means, in respect of an RSU being vested pursuant to clause 5, the dates on which the
RSU is vested, the date of death of a Grantee or the date of deferral of vesting, as applicable. 

  

	 	(q)	 “Vesting Price” for a particular RSU means the average of the weighted average price (as determined
by the Toronto Stock Exchange) of Common Shares of the Company on the Toronto Stock Exchange on the Vesting Date and the four consecutive trading days immediately prior to the Vesting Date, or if there is no weighted average price on any such day or
days, the weighted average price on the Toronto Stock Exchange on the day or days immediately preceding the fourth trading day prior to the Vesting Date shall be included in computing such average. 

 

	5.	 Vesting of Units: 

Subject to the restrictions in clause 7 or the deferral of vesting in clause 8, the total number of RSUs granted under a particular Grant
Instrument shall vest in accordance with the following schedule: 
  

	 	(a)	 50% of the RSUs will vest on either: 

 

	 	(i)	 the third anniversary following the Grant Date, or 

 

	 	(ii)	 the fifth anniversary following the Grant Date, 

the choice of which will be at the discretion of the administrative authority and which will be set out in the Grant Instrument; and 

 

	 	(b)	 the remaining 50% of the RSUs will vest on either: 

 

	 	(i)	 the seventh anniversary following the Grant Date, or 

 

	 	(ii)	 the tenth anniversary following the Grant Date, 

the choice of which will be at the discretion of the administrative authority and which will be set out in the Grant Instrument. 

 

	6.	 Dividend Equivalents: 

The Company will pay the Grantee cash with respect to each outstanding RSU granted to the Grantee corresponding in amount and timing to the
cash dividend that is paid by the Company on a Common Share of the Company. 
  

	7.	 Restrictions on RSUs: 

 

	 	(a)	 No RSU will be vested other than in accordance with the provisions of clauses 5, 7 and 8.

  

	 	(b)	 Except as provided hereinafter, an RSU will be vested only during Continued Employment. Notwithstanding the
foregoing but subject to the provisions of clause 7(f)(ii), an RSU may continue to be vested by a nonemployee director subsequent to his or her Continued Employment in accordance with the provisions of clauses 5, 7 and 8. 

 

	 	(c)	 In case the Grantee becomes entitled on or after the Grant Date to payment of extended disability benefits
under the Company’s extended disability benefit plan, the RSUs or the balance remaining will be vested in accordance with the provisions of clause 5. 

  

	 	(d)	 In case of death of the Grantee, the outstanding RSUs will vest as of the date of death and be paid to the
Grantee’s Legal Representatives. 

  

	 	(e)	 In case the Grantee’s Continued Employment terminates before normal retirement time, and on or before the
seventh anniversary of the Grant Date, where the last Vesting Date has been determined pursuant to clause 5(b)(i), or the tenth anniversary of the Grant Date, where the last Vesting Date has been determined pursuant to clause 5(b)(ii), and the
Grantee becomes entitled to an annuity under the Imperial Oil Limited Retirement Plan (or the provision in any plan or plans of the Company substituted therefore), the administrative authority shall determine, at its discretion, whether the
Grantee’s RSUs will not be forfeited. 

	 	(i)	 Notwithstanding section 7(e), the Company’s practice is not to forfeit any RSUs upon termination in the
event that Grantee’s Continued Employment terminates on or after the date Grantee reaches normal retirement time in circumstances where Grantee becomes entitled to an annuity under the Imperial Oil Limited Retirement Plan (or the provision in
any plan or plans of the Company substituted therefore). 

  

	 	(f)	 Notwithstanding anything to the contrary in this Plan, the administrative authority, at its discretion, may
determine that the Grantee’s RSUs, or the balance remaining, are forfeited as a consequence of any of the following situations: 

  

	 	(i)	 the administrative authority believes that the Grantee intends to terminate Continued Employment and clauses
7(b), 7(c), 7(d) and 7(e) would not be applicable, 

  

	 	(ii)	 the Grantee, without the written consent of the administrative authority, directly or indirectly is employed
in, or as principal, agent, partner or otherwise engages in any business that is in competition with the Company, as determined by the administrative authority, or otherwise engages in detrimental activity, as determined by the administrative
authority during Continued Employment or during the period of time described in clause 4(h)(i), (ii) or (iii), as the case may be, with respect to such Grantee, or 

 

	 	(iii)	 the administrative authority determines that Grantee has committed a fraudulent act during Grantee’s
Continued Employment. 

  

	 	(g)	 Except as provided in clauses 7(b), 7(c), 7(d), and 7(e), the RSUs, or the balance remaining, if not forfeited
earlier, will be forfeited after the last day of Continued Employment. 

  

	 	(h)	 Notwithstanding any other provision of this clause 7, the administrative authority may determine that a
Grantee’s RSUs will not be forfeited in whole or in part after the cessation of Continued Employment. 

  

	 	(i)	 For purposes of this Program, the administrative authority may determine that the time or date an employee
resigns or otherwise terminates is the time or date the employee gives notice of resignation, accepts employment with another employer, otherwise indicates an intent to resign, or is discharged. The time or date of termination for this purpose is
not necessarily the employee’s last day on the payroll. 

  

	8.	 Method and Deferral of Vesting: 

The RSUs will vest in accordance with clauses 5 and 7, provided however, the administrative authority may, at its discretion, defer the vesting
of any RSUs to a later date in the event that a ban on trading, imposed by the Company or applicable law, in Common Shares of the Company by a director of the Company or an employee of the Company, its wholly owned subsidiaries or a Designated
Employer is in effect on the Vesting Dates described in clauses 5 and 7. 
  

	9.	 Issue of Common Shares: 

 

	 	(a)	 One Common Share will be issued by the Company for each RSU that is vested on: 

 

	 	(i)	 the first Vesting Date, if the Grantee has received RSUs vesting the first 50% on the fifth anniversary of the
Grant Date, or 

  

	 	(ii)	 the last Vesting Date, 

unless the Grantee notifies the Company, in such manner and within such period of time as may be determined by the Company from time-to-time,
that the Grantee elects to receive a cash payment for the RSUs equal to the Vesting Price for each RSU vested. 

	 	(b)	 The aggregate number of Common Shares that may be issued pursuant to the vesting of RSUs shall not exceed
10.5 million Common Shares, provided that 

  

	 	(i)	 the number of Common Shares issuable to insiders (as defined by the Toronto Stock Exchange), at any time, under
all security based compensation arrangements, cannot exceed 10% of the issued and outstanding Common Shares; and 

  

	 	(ii)	 the number of Common Shares issued to insiders (as defined by the Toronto Stock Exchange), within any one year
period, under all security based compensation arrangements, cannot exceed 10% of the issued and outstanding Common Shares. 

  

	10.	 Method of Payment: 

 

	 	(a)	 The issue of share certificates or the cash payment of the benefit arising on the vesting of an RSU will
normally be made as soon as practicable after the Vesting Date. 

  

	 	(b)	 Cash payment of the Dividend Equivalents described in clause 6 will be made as soon as practicable after the
Company pays a dividend on the Common Shares of the Company. 

  

	 	(c)	 Payments will be reduced by any amount required to be withheld by any government authority.

  

	11.	 Repayments: 

Notwithstanding the vesting of an RSU by the Grantee, in the event any of the situations described in clause 7(f)(ii) are applicable to the
Grantee, the administrative authority, at its discretion, may require the Grantee to pay to the Company a cash amount equal to the Vesting Price for each RSU vested during a period up to 180 days prior to termination of the Grantee’s Continued
Employment. 
  

	12.	 Significant Changes: 

In the case of any subdivision, consolidation, or reclassification of the shares of the Company or other relevant change in the capitalization
of the Company, the administrative authority, in its discretion, may make appropriate adjustments in the number of Common Shares to be issued and the calculation of the cash amount payable per RSU, and an adjustment by the Company shall be
conclusive as to the amount payable per RSU and shall be final and binding upon all persons. 
  

	13.	 Other: 

  

	 	(a)	 An RSU award does not carry any benefits associated with the Company’s benefit plans.

  

	 	(b)	 No right created by the granting of an RSU can be pledged in any circumstance, nor can it be assigned. Any
attempt to pledge or assign may, in the discretion of the administrative authority, result in forfeiture of the rights created herein. 

  

	 	(c)	 A Restricted Stock Unit means a unit equivalent in value to a Common Share of the Company, credited by means of
a book entry on the Company’s books. 

  

	 	(d)	 Under no circumstances shall the RSUs be considered Common Shares or other securities of the Company, nor shall
they entitle any Grantee to exercise voting rights or any other rights attaching to the ownership of the Common Shares or other securities of the Company, nor shall any Grantee be considered the owner of the Common Shares by virtue of the award of
the RSUs. 

  

	 	(e)	 The Company’s Board of Directors is the ultimate administrative authority for this Plan, with the power to
interpret and administer its provisions. The Board of Directors may delegate its authority to a committee which, except in the case of the Executive Resources Committee, need not be a committee of the Board. Subject to the authority of the Board or
an authorized committee, the Chairman of the Board and his delegates will serve as the administrative authority for purposes of establishing requirements and procedures for the operation of this Plan; making final determinations and interpretations
with respect to outstanding awards; and exercising other powers assigned to the administrative authority under this Plan. 

	 	(f)	 The Company’s obligation to issue Common Shares in accordance with the Plan is subject to compliance with
applicable securities laws and the rules and regulations of applicable securities regulatory authorities and stock exchanges regarding the issuance and distribution of such Common Shares and to the listing of such additional Common Shares on any
stock exchange on which the Common Shares are then listed. 

  

	 	(g)	 This Plan is conclusively deemed to be an agreement made under the laws of the Province of Ontario and, for all
purposes and in respect of any claim or dispute arising hereunder or in connection herewith, shall be constituted and construed in accordance with the laws of the Province of Ontario, without regard to principles of conflict of law.

  

	14.	 Amendments to the Plan: 

The Board of Directors of the Company may without the approval of the shareholders or the Grantees (i) amend the Plan with respect to RSUs
previously issued and (ii) amend the Plan with respect to RSUs to be issued in the future without the approval of shareholders, provided that no amendment that: 
  

	 	(a)	 increases the number of Common Shares reserved for issuance under the Plan; 

 

	 	(b)	 increases the Vesting Price, expressed as either a cash amount or the number of Common Shares with respect to
RSUs previously granted or to be granted, provided that in the case of any subdivision, consolidation, or reclassification of the Common Shares of the company or other relevant change in the capitalization of the Company, the Company in its
discretion, may make appropriate adjustments in the number of Common Shares to be issued and in the calculation of the amount payable per unit; 

  

	 	(c)	 extends eligibility to participate in the Plan to any persons not contemplated by clause 3, provided that the
company may at any time designate affiliates of the Company as Designated Employers, the employees of which may be eligible to receive units; 

  

	 	(d)	 extends the right of the Grantee to transfer or assign RSUs; or 

 

	 	(e)	 adjusts the Vesting Date of any RSUs previously granted, 

shall be made without securing approval by the shareholders of the Company. 

 

	15.	 Consent of Grantees not Required for Amendments to the Plan: 

For greater certainty, clause 14 gives the Board of Directors of the Company the right and power to amend or change the Plan at any time and
from time to time in any respect without requiring the consent or approval of any of the Grantees and without any fresh or further consideration, including in order to (i) amend the Plan with respect to RSUs previously issued and (ii) amend the Plan
with respect to RSUs to be issued in the future. 
 Imperial Oil Limited November 2020 

 2020 RESTRICTED STOCK UNIT PLAN (for non-residents of Canada) 

Non-Residents of Canada 
  

	1.	 Plan Purpose: 

The purpose of the 2016 Restricted Stock Unit Plan (the “Plan”) is to provide an incentive to selected employees and nonemployee
directors to promote optimum individual contribution to sustained improvement in the Company’s business performance and shareholder value, and to motivate them to remain with the Company, its wholly owned subsidiaries or a Designated Employer,
and to promote continued loyalty to the Company and avoidance of conflict of interest during the period following termination of Continued Employment. 
  

	2.	 Description of Units: 

This incentive is provided by the grant of Restricted Stock Units (“RSU”) which give the Plan participant the right, subject to the
terms and conditions herein, on each Vesting Date, to receive from the Company an amount in respect of each RSU which is equal to the Vesting Price. 
  

	3.	 Eligibility and Awards: 

RSUs will be granted only to selected employees and to nonemployee directors of the Company or to selected employees of a Designated Employer.
Frequency and level of awards to individual participants will be determined by the administrative authority. Individual awards under this Plan will not necessarily be granted annually. The entitlement to receive amounts and Common Shares pursuant to
clause 2 and clause 6 arises from past services rendered from the Grant Date to the date of vesting of the RSU. 
  

	4.	 Definitions: 

In this Plan document, except where the context otherwise indicates, the following definitions apply: 

 

	 	(a)	 “Administrative authority” means the Board of Directors of the Company and those committees and
persons designated as the administrative authority pursuant to clause 12(e). 

  

	 	(b)	 “Affiliate” means a legal entity which controls, or which is controlled by, or which is controlled by
an entity which controls, the Company. 

  

	 	(c)	 “Common Share” means a common share in the capital of the Company. 

 

	 	(d)	 “Company” means Imperial Oil Limited. 

 

	 	(e)	 “Continued Employment” means continued employment after the RSU Grant Date with any one or more of
the Company, its wholly owned subsidiaries or a Designated Employer, and for nonemployee directors means the period of time while serving as a director of Imperial Oil Limited. 

 

	 	(f)	 “Control” means the power to direct or cause the direction of the management and policies of another
person or entity whether through the ownership of shares or partnership interest, a contract, trust arrangement or any other means, either directly or indirectly, that results in control in fact and without restricting the generality of the
foregoing includes, with respect to the control of or by a corporation or a partnership, the ownership of shares or partnership interest carrying not less than 50% of the voting rights regardless of whether such ownership occurs directly or
indirectly, as contemplated above. “Controls” and “Controlled by” and other derivatives shall be construed accordingly. 

  

	 	(g)	 “Designated Employer” means an employer which is an affiliate of the Company and which is designated
as such for the purposes of this Plan by the Company. 

	 	(h)	 “Detrimental activity” of a Grantee means, with respect to the Grantee’s retention of
outstanding awards under this Plan, activity at any time that is determined in individual cases by the administrative authority to be (a) a material violation of applicable standards, policies, or procedures of the Company or an affiliate; or
(b) a material breach of legal or other duties owed by the Grantee to the Company or an affiliate; or (c) a material breach of any contract between the Grantee and the Company or an affiliate; or (d) acceptance by the Grantee of
duties to a third party under circumstances that create a material conflict of interest, or the appearance of a material conflict of interest. Detrimental activity includes, without limitation, activity that would be a basis for termination of
employment for cause under applicable law in Canada. With respect to material conflict of interest or the appearance of material conflict of interest, such conflict or appearance might occur when, for example and without limitation, a Grantee
holding an outstanding award becomes employed or otherwise engaged by an entity that regulates, deals with, or competes with the Company or an affiliate. 

  

	 	(i)	 With respect to Executive Employees of the Company or a Designated Employer, detrimental activity, or the
activity otherwise described in clause 7(f)(ii), may occur at any time prior to vesting of the employee’s outstanding awards. 

  

	 	(ii)	 With respect to Managerial, Professional and Technical (MPT) Employees of the Company or a Designated Employer,
detrimental activity, or the activity otherwise described in clause 7(f)(ii), may occur at any time prior to, or within 36 months of, termination of Continued Employment of such Managerial, Professional and Technical Employee. 

 

	 	(iii)	 With respect to nonemployee directors of the Company, detrimental activity, or the activity otherwise described
in clause 7(f)(ii), may occur at any time prior to, or within 24 months of, termination of Continued Employment of the nonemployee director. Notwithstanding any other provision of this clause, with respect to a nonemployee director, any actions
taken by a nonemployee director or former nonemployee director who acted in good faith and in the best interests of the Company shall not constitute detrimental activity. 

 

	 	(i)	 “Dividend Equivalents” means cash payments pursuant to clause 6 corresponding in amount and timing to
the cash dividend that is paid by the Company on a Common Share of the Company. 

  

	 	(j)	 “Grant Date” means the date specified in the Grant Instrument that an RSU is granted under the Plan.

  

	 	(k)	 “Grant Instrument” means the document given by the Company to an employee and nonemployee director
governing a grant of Restricted Stock Units. 

  

	 	(l)	 “Grantee” means the recipient of a Grant Instrument. 

 

	 	(m)	 “Legal Representatives” means a Grantee’s executors or administrators. 

 

	 	(n)	 “Normal retirement time” means for each employee, the first day of the month immediately following
the normal retirement date, as determined in the Imperial Oil Limited Retirement Plan (or the provision in any plan or plans of the Company substituted therefore). 

 

	 	(o)	 “Terminate” means cease to be an employee for any reason, whether at the initiative of the employee,
the employer, or otherwise. That reason could include, without limitation, resignation or retirement by the employee; discharge of the employee by the employer, with or without cause; death; transfer of employment to an entity that is a not an
affiliate; or a sale, divestiture, or other transaction as a result of which an employer ceases to be an affiliate. A change of employment from the Company or one affiliate to another affiliate, or to the Company, is not a termination. The time or
date of termination is not necessarily the employee’s last day on the payroll. 

  

	 	(p)	 “Vesting Date” means, in respect of an RSU being vested pursuant to clause 5, the dates on which the
RSU is vested, the date of death of a Grantee or the date of deferral of vesting, as applicable. 

  

	 	(q)	 “Vesting Price” for a particular RSU means the average of the weighted average price (as determined
by the Toronto Stock Exchange) of Common Shares of the Company on the Toronto Stock Exchange on the Vesting Date and the four consecutive trading days immediately prior to the Vesting Date, or if there is no weighted average price on any such day or
days, the weighted average price on the Toronto Stock Exchange on the day or days immediately preceding the fourth trading day prior to the Vesting Date shall be included in computing such average. 

	5.	 Vesting of Units: 

Subject to the restrictions in clause 7 or the deferral of vesting in clause 8, the total number of RSUs granted under a particular Grant
Instrument shall vest in accordance with the following schedule: 
  

	 	(a)	 50% of the RSUs will vest on either: 

 

	 	(i)	 the third anniversary following the Grant Date, or 

 

	 	(ii)	 the fifth anniversary following the Grant Date, 

the choice of which will be at the discretion of the administrative authority and which will be set out in the Grant Instrument; and 

 

	 	(b)	 the remaining 50% of the RSUs will vest on either: 

 

	 	(i)	 the seventh anniversary following the Grant Date, or 

 

	 	(ii)	 the tenth anniversary following the Grant Date, 

the choice of which will be at the discretion of the administrative authority and which will be set out in the Grant Instrument. 

 

	6.	 Dividend Equivalents: 

The Company will pay the Grantee cash with respect to each outstanding RSU granted to the Grantee corresponding in amount and timing to the
cash dividend that is paid by the Company on a Common Share of the Company. 
  

	7.	 Restrictions on RSUs: 

 

	 	(a)	 No RSU will be vested other than in accordance with the provisions of clauses 5, 7 and 8.

  

	 	(b)	 Except as provided hereinafter, an RSU will be vested only during Continued Employment. Notwithstanding the
foregoing but subject to the provisions of clause 7(f)(ii), an RSU may continue to be vested by a nonemployee director subsequent to his or her Continued Employment in accordance with the provisions of clauses 5, 7 and 8. 

 

	 	(c)	 In case the Grantee becomes entitled on or after the Grant Date to payment of extended disability benefits
under the Company’s extended disability benefit plan, the RSUs or the balance remaining will be vested in accordance with the provisions of clause 5. 

  

	 	(d)	 In case of death of the Grantee, the outstanding RSUs will vest as of the date of death and be paid to the
Grantee’s Legal Representatives. 

  

	 	(e)	 In case the Grantee’s Continued Employment terminates before normal retirement time, and on or before the
seventh anniversary of the Grant Date, where the last Vesting Date has been determined pursuant to clause 5(b)(i), or the tenth anniversary of the Grant Date, where the last Vesting Date has been determined pursuant to clause 5(b)(ii), and the
Grantee becomes entitled to an annuity under the Imperial Oil Limited Retirement Plan (or the provision in any plan or plans of the Company substituted therefore), the administrative authority shall determine, at its discretion, whether the
Grantee’s RSUs will not be forfeited. 

  

	 	(i)	 Notwithstanding section 7(e), the Company’s practice is not to forfeit any RSUs upon termination in the
event that Grantee’s Continued Employment terminates on or after the date Grantee reaches normal retirement time in circumstances where Grantee becomes entitled to an annuity under the Imperial Oil Limited Retirement Plan (or the provision in
any plan or plans of the Company substituted therefore). 

	 	(f)	 Notwithstanding anything to the contrary in this Plan, the administrative authority, at its discretion, may
determine that the Grantee’s RSUs, or the balance remaining, are forfeited as a consequence of any of the following situations: 

  

	 	(i)	 the administrative authority believes that the Grantee intends to terminate Continued Employment and clauses
7(b), 7(c), 7(d) and 7(e) would not be applicable, 

  

	 	(ii)	 the Grantee, without the written consent of the administrative authority, directly or indirectly is employed
in, or as principal, agent, partner or otherwise engages in any business that is in competition with the Company, as determined by the administrative authority, or otherwise engages in detrimental activity, as determined by the administrative
authority during the period of time described in clause 4(h)(i), (ii) or (iii), as the case may be, with respect to such Grantee, or 

  

	 	(iii)	 the administrative authority determines that Grantee has committed a fraudulent act during Grantee’s
Continued Employment. 

  

	 	(g)	 Except as provided in clauses 7(b), 7(c), 7(d), and 7(e), the RSUs, or the balance remaining, if not forfeited
earlier, will be forfeited after the last day of Continued Employment. 

  

	 	(h)	 Notwithstanding any other provision of this clause 7, the administrative authority may determine that a
Grantee’s RSUs will not be forfeited in whole or in part after the cessation of Continued Employment. 

  

	 	(i)	 For purposes of this Program, the administrative authority may determine that the time or date an employee
resigns or otherwise terminates is the time or date the employee gives notice of resignation, accepts employment with another employer, otherwise indicates an intent to resign, or is discharged. The time or date of termination for this purpose is
not necessarily the employee’s last day on the payroll. 

  

	8.	 Method and Deferral of Vesting: 

The RSUs will vest in accordance with clauses 5 and 7, provided however, the administrative authority may, at its discretion, defer the vesting
of any RSUs to a later date in the event that a ban on trading, imposed by the Company or applicable law, in Common Shares of the Company by a director of the Company or an employee of the Company, its wholly owned subsidiaries or a Designated
Employer is in effect on the Vesting Dates described in clauses 5 and 7. 
  

	9.	 Method of Payment: 

 

	 	(a)	 Cash payment of the benefit arising on the vesting of an RSU will normally be made as soon as practicable after
the Vesting Date. 

  

	 	(b)	 Cash payment of the Dividend Equivalents described in clause 6 will be made as soon as practicable after the
Company pays a dividend on the Common Shares of the Company. 

  

	 	(c)	 Payments will be reduced by any amount required to be withheld by any government authority.

  

	10.	 Repayments: 

Notwithstanding the vesting of an RSU by the Grantee, in the event any of the situations described in clause 7(f)(ii) are applicable to the
Grantee, the administrative authority, at its discretion, may require the Grantee to pay to the Company a cash amount equal to the Vesting Price for each RSU vested during a period up to 180 days prior to termination of the Grantee’s Continued
Employment. 

	11.	 Significant Changes: 

In the case of any subdivision, consolidation, or reclassification of the shares of the Company or other relevant change in the capitalization
of the Company, the administrative authority, in its discretion, may make appropriate adjustments in the cash amount payable per RSU, and an adjustment by the Company shall be conclusive as to the amount payable per RSU and shall be final and
binding upon all persons. 
  

	12.	 Other: 

  

	 	(a)	 An RSU award does not carry any benefits associated with the Company’s benefit plans.

  

	 	(b)	 No right created by the granting of an RSU can be pledged in any circumstance, nor can it be assigned. Any
attempt to pledge or assign may, in the discretion of the administrative authority, result in forfeiture of the rights created herein. 

  

	 	(c)	 A Restricted Stock Unit means a unit equivalent in value to a Common Share of the Company, credited by means of
a book entry on the Company’s books. 

  

	 	(d)	 Under no circumstances shall the RSUs be considered Common Shares or other securities of the Company, nor shall
they entitle any Grantee to exercise voting rights or any other rights attaching to the ownership of the Common Shares or other securities of the Company, nor shall any Grantee be considered the owner of the Common Shares by virtue of the award of
the RSUs. 

  

	 	(e)	 The Company’s Board of Directors is the ultimate administrative authority for this Plan, with the power to
interpret and administer its provisions. The Board of Directors may delegate its authority to a committee which, except in the case of the Executive Resources Committee, need not be a committee of the Board. Subject to the authority of the Board or
an authorized committee, the Chairman of the Board and his delegates will serve as the administrative authority for purposes of establishing requirements and procedures for the operation of this Plan; making final determinations and interpretations
with respect to outstanding awards; and exercising other powers assigned to the administrative authority under this Plan. 

  

	 	(f)	 This Plan is conclusively deemed to be an agreement made under the laws of the Province of Ontario and, for all
purposes and in respect of any claim or dispute arising hereunder or in connection herewith, shall be constituted and construed in accordance with the laws of the Province of Ontario, without regard to principles of conflict of law.

  

	13.	 Amendments to the Plan: 

The Board of Directors of the Company may without the approval of the shareholders or the Grantees (i) amend the Plan with respect to RSUs
previously issued and (ii) amend the Plan with respect to RSUs to be issued in the future without the approval of shareholders, provided that no amendment that: 
  

	 	(a)	 increases the number of Common Shares reserved for issuance under the Plan; 

 

	 	(b)	 increases the Vesting Price, expressed as either a cash amount or the number of Common Shares with respect to
RSUs previously granted or to be granted, provided that in the case of any subdivision, consolidation, or reclassification of the Common Shares of the company or other relevant change in the capitalization of the Company, the Company in its
discretion, may make appropriate adjustments in the number of Common Shares to be issued and in the calculation of the amount payable per unit; 

  

	 	(c)	 extends eligibility to participate in the Plan to any persons not contemplated by clause 3, provided that the
company may at any time designate affiliates of the Company as Designated Employers, the employees of which may be eligible to receive units; 

  

	 	(d)	 extends the right of the Grantee to transfer or assign RSUs; or 

 

	 	(e)	 adjusts the Vesting Date of any RSUs previously granted, shall be made without securing approval by the
shareholders of the Company. 

	14.	 Consent of Grantees not Required for Amendments to the Plan: 

For greater certainty, clause 13 gives the Board of Directors of the Company the right and power to amend or change the Plan at any time and
from time to time in any respect without requiring the consent or approval of any of the Grantees and without any fresh or further consideration, including in order to (i) amend the Plan with respect to RSUs previously issued and
(ii) amend the Plan with respect to RSUs to be issued in the future. 
 Imperial Oil Limited November 2020Document

DESCRIPTION OF THE COMPANY’S SECURITIES REGISTERED 
PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

The following is a brief description of the common stock, $2.00 par value per share (the “Common Stock”), of Owens & Minor, Inc. (the “Company,” “we,” “us,” and “our”), which is the only security of the Company registered pursuant to Section 12 of the Securities Exchange Act of 1934 (the “Exchange Act”). 

DESCRIPTION OF CAPITAL STOCK 
Our authorized capital stock consists of 200,000,000 shares of common stock, par value $2.00 per share, and 10,000,000 shares of cumulative preferred stock, par value $100.00 per share. As of February 16, 2021, 73,498,525 shares of our common stock were issued and outstanding and no shares of our preferred stock were issued and outstanding.
The following summary description sets forth some of the general terms and provisions of our common stock. Because this is a summary description, it does not contain all of the information that may be important to you. For a more detailed description of our common stock, you should refer to the provisions of our amended and restated articles of incorporation and our amended and restated bylaws, as amended, each of which is an exhibit to the Form 10-K to which this description is an exhibit.
Common Stock 
Dividends 
Subject to the rights of any series of preferred stock that we may issue, the holders of common stock may receive dividends when, as and if declared by our board of directors, out of our assets legally available therefor. 
Voting Rights 
Holders of shares of our common stock are entitled to one vote for each share held of record on all matters on which shareholders are entitled to vote generally, including the election or removal of directors. In uncontested elections, directors are elected by a majority of the votes cast in the election for such director nominee. The holders of our common stock do not have cumulative voting rights in the election of directors. The affirmative vote of more than two-thirds of the outstanding shares of common stock is required for certain amendments to our amended and restated articles of incorporation and the approval of mergers, statutory share exchanges, certain sales or other dispositions of assets outside the usual and regular course of business, conversions, domestications and dissolutions. All other matters to be voted on by shareholders must be approved by a majority of the votes cast on the matter. 
Liquidation Rights 
Upon our dissolution, liquidation or winding up and after payment in full of all amounts required to be paid to creditors and to the holders of shares of our preferred stock having liquidation preferences, if any, the holders of shares of our common stock will be entitled to receive pro rata our remaining assets available for distribution. 
Other Rights 
Holders of shares of our common stock do not have preemptive, subscription, redemption or conversion rights. Shares of our common stock will not be subject to further calls or assessment by us. There will be no redemption or sinking fund provisions applicable to shares of our common stock. The rights, powers, preferences and privileges of holders of shares of our common stock will be subject to those of the holders of any shares of our preferred stock that we may authorize and issue in the future. 
Transfer Agent

The transfer agent and registrar for shares of our common stock is Computershare Shareowner Services. 
Listing
Our common stock is listed on the New York Stock Exchange (the “NYSE”) under the symbol “OMI.” 
Preferred Stock 
Our amended and restated articles of incorporation authorize our board of directors to establish one or more series of shares of preferred stock (including shares of convertible preferred stock). Unless required by law or by the NYSE, the authorized shares of preferred stock will be available for issuance without further action by our shareholders. Our board of directors is able to determine, with respect to any series of shares of preferred stock, the powers (including voting powers), preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions thereof, including: 
 
												
		•		the rate of dividend, the time of payment and the dates from which any dividends shall be cumulative and the extent of participation rights, if any;

 
												
		•		any right to vote with holders of shares of any other series or class and any right to vote as a class either generally or as a condition to specified corporate action, subject to certain limitations;

 
												
		•		the price at which and the terms and conditions upon which shares may be redeemed;

 
												
		•		the amount payable upon shares in the event of involuntary or voluntary liquidation;

 
												
		•		sinking fund provisions of the redemption or purchase of shares, if any; and

 
												
		•		the terms and conditions upon which shares may be converted, if the shares of any series are issued with the privilege of conversion.

Anti-Takeover Provisions 
Certain provisions in our amended and restated articles of incorporation and our amended and restated bylaws, as well as certain provisions of Virginia law, may make more difficult or discourage a takeover of our business or removal of our incumbent directors or officers. 
Certain Provisions of Our Amended and Restated Articles of Incorporation and Amended and Restated Bylaws 
Election and Removal of Directors; Vacancies. Each of our directors is elected by the vote of a majority of the votes cast at any meeting of shareholders for the election of directors at which a quorum is present, provided that if the number of director nominees at such meeting exceeds the number of directors to be elected, the directors are elected by a plurality of the votes cast. Under our amended and restated bylaws, a majority of the votes cast means that the number of shares voted “for” a director must exceed the number of shares voted “against” that director. 
Our directors are elected for one-year terms and can be removed, with or without cause, if the number of votes cast for removal at a shareholder meeting called for that purpose at which a quorum is present constitutes a majority of the votes entitled to be cast at an election of directors. Our amended and restated bylaws currently provide that the total number of directors is 8. The number of directors may be increased or decreased by amendment of our amended and restated bylaws. 
Vacancies in the board may be filled by shareholders or by the board. Subject to the rights of any preferred stock, any vacancy on our board of directors resulting from any death, resignation, retirement, disqualification, 

removal from office or newly created directorship resulting from an increase in the authorized number of directors or otherwise may be filled by majority vote of the remaining directors then in office, even if less than a quorum, or shareholders. 
Special Meetings of Shareholders. Special meetings of shareholders may be called at any time and from time to time only by the chairman of our board of directors, our chief executive officer or by a majority of the board of directors. 
Advance Notice Requirements for Shareholder Director Nominations and Shareholder Business. Our amended and restated bylaws require that advance notice of shareholder director nominations and shareholder business for annual meetings be made in writing and given to our corporate secretary, together with certain specified information, not later than 120 days before the anniversary of the immediately preceding annual meeting of shareholders, subject to other timing requirements as specified in our amended and restated bylaws. 
 
Authorized but Unissued Capital Stock. Our amended and restated articles of incorporation currently authorize more capital stock than we have issued. The listing requirements of the NYSE, which will apply so long as our common stock remains listed on the NYSE, require shareholder approval of certain issuances equal to or exceeding 20% of then-outstanding voting power or then-outstanding number of shares of common stock. These additional shares may be used for a variety of corporate purposes, including future public offerings, to raise additional capital or to facilitate acquisitions. 
One of the effects of the existence of unissued and unreserved common stock or preferred stock may be to enable our board of directors to issue shares to persons friendly to current management, which issuance could render more difficult or discourage an attempt to obtain control of our company by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of our management and possibly deprive the shareholders of opportunities to sell their shares of common stock at prices higher than prevailing market prices. 
Certain Provisions of Virginia Law 
Control Share Acquisitions Statute. Virginia law contains provisions relating to “control share acquisitions,” which are transactions causing the voting power of any person acquiring beneficial ownership of shares of a Virginia public corporation to meet or exceed certain threshold percentages (20%, 33 1/3% or 50%) of the total votes entitled to be cast for the election of directors. Under Virginia law, shares acquired in a control share acquisition have no voting rights unless granted by a majority vote of all outstanding shares entitled to vote in the election of directors other than those held by the acquiring person or held by any officer or employee director of the corporation, unless at the time of any control share acquisition, the articles of incorporation or bylaws of the corporation provide that this statute does not apply to acquisitions of its shares. An acquiring person that owns 5% or more of the corporation’s voting stock may require that a special meeting of the shareholders be held, within 50 days of the acquiring person’s request, to consider the grant of voting rights to the shares acquired or to be acquired in the control share acquisition. If voting rights are not granted and the corporation’s articles of incorporation or bylaws permit, the acquiring person’s shares may be redeemed by the corporation, at the corporation’s option, at a price per share equal to the acquiring person’s cost. Unless otherwise provided in the corporation’s articles of incorporation or bylaws, the Virginia law grants appraisal rights to any shareholder who objects to a control share acquisition that is approved by a vote of disinterested shareholders and that gives the acquiring person control of a majority of the corporation’s voting shares. As permitted by Virginia law, we have opted out of the Virginia anti-takeover law regulating control share acquisitions. 
Affiliated Transactions Statute. Virginia law also contains provisions governing “affiliated transactions.” An affiliated transaction is generally defined as a merger, a share exchange, a material disposition of corporate assets not in the ordinary course of business, any dissolution of the corporation proposed by or on behalf of a holder of more than 10% of any class of the corporation’s outstanding voting shares (a “10% holder”) or any reclassification, including reverse stock splits, recapitalization or merger of the corporation with its subsidiaries, that increases the percentage of voting shares owned beneficially by a 10% holder by more than 5%. In general, these provisions prohibit a Virginia corporation from engaging in affiliated transactions with any 10% holder for a period of three 

years following the date that such person became a 10% holder unless (1) the board of directors of the corporation and the holders of two-thirds of the voting shares, other than the shares beneficially owned by the 10% holder, approve the affiliated transaction or (2) before the date the person became a 10% holder, the board of directors approved the transaction that resulted in the shareholder becoming a 10% holder. Virginia law permits corporations to opt out of the affiliated transactions provisions. We have not opted out of the Virginia anti-takeover law regulating affiliated transactions. 
Shareholder Action by Unanimous Consent. Virginia law provides that, unless provided otherwise in a Virginia corporation’s articles of incorporation, any action that could be taken by shareholders at a meeting may be taken, instead, without a meeting and without notice if a consent in writing is signed by all the shareholders entitled to vote on the action. Our amended and restated articles of incorporation do not include a provision that permits shareholders to take action without a meeting other than by unanimous written consent. 
 
Limitations on Liability and Indemnification of Officers and Directors 
    Virginia law permits, and our amended and restated articles of incorporation provide for, the indemnification of our directors and officers with respect to certain liabilities and expenses imposed upon them in connection with any civil, criminal or other proceeding by reason of having been a director or officer of our company. This indemnification does not apply in the case of willful misconduct or a knowing violation of the criminal law. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that, in the opinion of the SEC, indemnification for liabilities under the Securities Act is against public policy and is unenforceable.

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