Document:

EXHIBIT
10.24

COMPENSATION
FOR NON-EMPLOYEE DIRECTORS

On
December 12, 2006, the Board of Directors approved changes to the compensation
to Board members who are not employees of the Company for services rendered as
a director.  The compensation structure for
fiscal 2006 and the revised compensation structure for fiscal 2007 are as
follows:

 

	
  

  	
   

  	
  Fiscal 2007

  	
   

  	
  Fiscal 2006

  	
   

  
	
  Annual Fee

  	
   

  	
  $

  	
  35,000

  	
   

  	
  $

  	
  25,000

  	
   

  
	
  Attendance at each
  Board of Directors meeting

  	
   

  	
  $

  	
  1,500

  	
   

  	
  $

  	
  1,250

  	
   

  
	
  Audit Committee
  Chairperson Annual Fee

  	
   

  	
  $

  	
  5,000

  	
   

  	
  -

  	
   

  
	
  Audit Committee
  Chairperson Fee for each Audit Committee meeting attended

  	
   

  	
  -

  	
   

  	
  $

  	
  1,000

  	
   

  
	
  Compensation Committee
  Chairperson Annual Fee

  	
   

  	
  $

  	
  5,000

  	
   

  	
  -

  	
   

  
	
  Governance Committee
  Chairperson Annual Fee

  	
   

  	
  $

  	
  5,000

  	
   

  	
  -

  	
   

  
	
  Coordinating Director
  Annual Fee

  	
   

  	
  $

  	
  7,500

  	
   

  	
  -

  	
   

  
	
  Coordinating Director
  Fee for each Board of Directors meeting attended

  	
   

  	
  -

  	
   

  	
  $

  	
  1,000

  	
   

  
	
  Attendance at a
  Committee Meeting on a date other than a regularly scheduled Board of
  Directors meeting

  	
   

  	
  $

  	
  1,250

  	
   

  	
  $

  	
  1,000

  	
   

  
	
  Stock Option Grant upon
  first joining the Board of Directors (1)

  	
   

  	
  30,000 options

  	
   

  	
  15,000 options

  	
   

  
	
  Annual Stock Option Grant (2)

  	
   

  	
  7,500 options

  	
   

  	
  7,500 options

  	
   

  

(1)             Represents
a one-time grant to new Directors of vested stock options under the terms of
the Amended and Restated 1997 Non-Employee Director Stock Option Plan to
acquire shares of common stock at a price equal to the fair market value on the
date of approval of the grant by the Board of Directors.

(2)             Excludes
new Directors receiving the initial one-time grant.  Represents vested stock options under the
terms of the Amended and Restated 1997 Non-Employee Director Stock Option Plan
to acquire shares of common stock at a price equal to the fair market value on
the date of approval of the grant by the Board of Directors.Exhibit
10.38

 

EXECUTIVE EMPLOYMENT AGREEMENT

BETWEEN

ENBRIDGE INC.

- and -

J. RICHARD BIRD

Dated as of

April 14, 2003

 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

TABLE OF CONTENTS

	
  ARTICLE 1 DEFINITIONS AND INTERPRETATION

  	
   

  	
  2

  
	
  1.1

  	
   

  	
  Definitions

  	
   

  	
  2

  
	
  1.2

  	
   

  	
  Headings

  	
   

  	
  5

  
	
  1.3

  	
   

  	
  Governing Law and Attornment

  	
   

  	
  5

  
	
  1.4

  	
   

  	
  Singular; Gender

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 2 EMPLOYMENT

  	
   

  	
  5

  
	
  2.1

  	
   

  	
  Position, Duties and Responsibilities of Executive

  	
   

  	
  5

  
	
  2.2

  	
   

  	
  Term of Agreement

  	
   

  	
  5

  
	
  2.3

  	
   

  	
  Services During Certain Events

  	
   

  	
  6

  
	
  2.4

  	
   

  	
  Termination of Agreement upon Disability of
  Executive

  	
   

  	
  6

  
	
  2.5

  	
   

  	
  Termination of Agreement by the Corporation for Cause

  	
   

  	
  6

  
	
  2.6

  	
   

  	
  Termination of Employment by the Corporation or the
  Executive

  	
   

  	
  6

  
	
  2.7

  	
   

  	
  Other Termination by Executive

  	
   

  	
  9

  
	
  2.8

  	
   

  	
  Supplemental Benefit Pension Plan

  	
   

  	
  9

  
	
  2.9

  	
   

  	
  Continuing Provisions

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 3 NON-COMPETITION AND CONFIDENTIALITY

  	
   

  	
  10

  
	
  3.1

  	
   

  	
  Non-Competition

  	
   

  	
  10

  
	
  3.2

  	
   

  	
  Confidentiality

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 4 GENERAL

  	
   

  	
  11

  
	
  4.1

  	
   

  	
  Notices

  	
   

  	
  11

  
	
  4.2

  	
   

  	
  Time

  	
   

  	
  12

  
	
  4.3

  	
   

  	
  Legal Fees and Expenses

  	
   

  	
  12

  
	
  4.4

  	
   

  	
  Integration

  	
   

  	
  12

  
	
  4.5

  	
   

  	
  Waivers

  	
   

  	
  12

  
	
  4.6

  	
   

  	
  Further Assurances

  	
   

  	
  12

  
	
  4.7

  	
   

  	
  Severability

  	
   

  	
  13

  
	
  4.8

  	
   

  	
  Enurement

  	
   

  	
  13

  
						

 

 - i -

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

THIS AGREEMENT made as of the 14th day of April, 2003.

BETWEEN:

ENBRIDGE INC., a body corporate
under the Canada

Business Corporations Act, with offices in the City of

Calgary in the Province of Alberta (hereinafter called the

“Corporation”)

OF THE FIRST PART

- and -

J. RICHARD BIRD, of the City of
Calgary, in the

Province of Alberta (hereinafter called the “Executive”)

OF THE SECOND PART

WHEREAS:

(a)           The Executive is an
executive of the Corporation and is considered by the Board of Directors of the
Corporation to be a valued employee of the Corporation and has acquired
outstanding and special skills and abilities and an extensive background in and
knowledge of the Corporation’s business and the industry in which it is
engaged;

(b)           The Board of Directors
recognizes that it is essential, in the best interests of the Corporation, that
the Corporation retain the continuing dedication of the Executive to his office
and employment and that this can best be accomplished if the personal
uncertainty facing the Executive in the event of a material change in the
ownership or the Executive’s role within the organization of the Corporation is
alleviated;

(c)           The Board of Directors
further believes that the service of the Executive to the Corporation requires
that the Executive receive fair treatment, particularly in the event of a
termination of employment or loss of office following a material change in the
ownership or the Executive’s role within the Corporation;

NOW THEREFORE THIS AGREEMENT WITNESSETH
that in consideration of the mutual covenants herein contained and in
consideration of the Executive remaining in office and in the employment of the
Corporation at the present time and throughout the period of a material change of
ownership or organization of the Corporation, it is hereby agreed as follows:

 - 1 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

ARTICLE 1

DEFINITIONS AND INTERPRETATION

1.1                           Definitions

In this Agreement:

(a)           “affiliate”
has the meaning ascribed to that term in the Canada Business Corporations Act;

(b)           “Annual
Compensation” means the sum of the Annual Salary and the Annual
Incentive Bonus;

(c)           “Annual
Salary” means the annual salary of the Executive established by the
HRCC payable by the Corporation or its subsidiaries or affiliates, calculated
as at the end of the month immediately preceding the month in which the
termination of employment occurs and if an annual salary level has not been
established, it shall be calculated by multiplying the monthly salary of the
Executive in effect for the month preceding the month in which a termination of
employment occurs pursuant to Article 2, by twelve.

(d)           “Annual
Incentive Bonus” means the annual incentive bonus of the Executive
for the applicable year and if no such bonus has then been established for a
particular year, the annual incentive bonus most recently earned by or paid to
the Executive by the Corporation or its subsidiaries or affiliates;

(e)           “associate”
has the meaning ascribed to that term in the Canada Business Corporations Act;

(f)            “change of
control” means:

(i)            the sale to a person
or acquisition by a person not affiliated with the Corporation or its
subsidiaries of net assets of the Corporation or its subsidiaries having a
value greater than 50% of the fair market value of the net assets of the
Corporation and its subsidiaries determined on a consolidated basis prior to
such sale whether such sale or acquisition occurs by way of reconstruction,
reorganization, recapitalization, consolidation, amalgamation, arrangement,
merger, transfer, sale or otherwise;

(ii)           any change in the
holding, direct or indirect, of shares of the Corporation by a person not
affiliated with the Corporation as a result of which such person, or a group of
persons, or persons acting in concert, or persons associated or affiliated with
any such person or group within the meaning of the Securities Act (Alberta),

 - 2 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

are in a position to
exercise effective control of the Corporation whether such change in the
holding of such shares occurs by way of takeover bid, reconstruction,
reorganization, recapitalization, consolidation, amalgamation, arrangement,
merger, transfer, sale or otherwise; and for the purposes of this Agreement, a
person or group of persons holding shares or other securities in excess of the
number which, directly or following conversion thereof, would entitle the
holders thereof to cast 20% or more of the votes attaching to all shares of the
Corporation which, directly or following conversion of the convertible
securities forming part of the holdings of the person or group of persons noted
above, may be cast to elect directors of the Corporation shall be deemed, other
than a person holding such shares or other securities in the ordinary course of
business as an investment manager who is not using such holding to exercise
effective control, to be in a position to exercise effective control of the
Corporation;

(iii)          any reconstruction,
reorganization, recapitalization, consolidation, amalgamation, arrangement,
merger, transfer, sale or other transaction involving the Corporation where
shareholders of the Corporation immediately prior to such reconstruction,
reorganization, recapitalization, consolidation, amalgamation, arrangement, merger,
transfer, sale or other transaction hold less than 60% of the shares of the
Corporation or of the continuing corporation following completion of such
reconstruction, reorganization, recapitalization, consolidation, amalgamation,
arrangement, transfer, sale or other transaction;

(iv)          the Corporation ceases
to be a distributing corporation as that term is defined in the Canada Business
Corporations Act;

(v)           any event or
transaction which the Board of Directors, in its discretion, deems to be a
Change of Control; or

(vi)          Incumbent Directors
ceasing to be a majority of the Board of Directors.

(g)           “Confidential
Information” means the information, processes, know-how, data, trade
secrets, techniques, knowledge and other confidential information not generally
known to the public relating to or connected with the business or corporate
affairs and operations of the Corporation and its affiliates;

(h)           “constructive
dismissal” means, unless consented to by the Executive, any action
that constitutes constructive dismissal of the Executive, including without
limiting the generality of the foregoing:

 - 3 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

(i)            where the Executive
ceases to be an officer of the Corporation, unless the Executive is appointed
as an officer of a successor to a material portion of the assets of the
Corporation;

(ii)           a material decrease in
the title, position, responsibilities, powers or reporting relationships of the
Executive;

(iii)          a reduction in the
Annual Salary (excluding the Annual Incentive Bonus) of the Executive; or

(iv)          any material reduction
in the value of the Executive’s employee benefits, plans and programs (other
than the Annual Incentive Bonus);

(i)            “defined
benefit pension plan” means the Corporation’s registered pension
plan, entitled “Retirement Plan for the Employees of Enbridge Inc. and
Affiliates”, dated July 1, 2001, as amended or replaced from time to time;

(j)            “Human
Resources and Compensation Committee” or “HRCC”
means the Committee of the Board of Directors of the Corporation from time to
time appointed to fix the remuneration of executives of the Corporation or, if
such Committee has not been appointed, means the Board of Directors of the
Corporation;

(k)           “Incentive
Stock Option Plan” or “ISOP” means the
Incentive Stock Option Plan (2002) of the Corporation, as amended or replaced
from time to time;

(l)            “Incumbent
Director” means any member of the Board of Directors who was a
member of the Board of Directors immediately prior to the occurrence of the
transaction, elections or appointments giving rise to a Change of Control and
any successor to an Incumbent Director who was recommended for election at a
meeting of the shareholders of the Corporation, or elected or appointed to
succeed any Incumbent Director, by the affirmative vote of the directors, which
affirmative vote includes a majority of the Incumbent Directors then on the
Board of Directors;

(m)          “person”
shall have the meaning ascribed to that term in the Canada Business
Corporations Act;

(n)           “subsidiary”
has the meaning ascribed to that term in the Canada Business Corporations Act;
and

(o)           “supplemental
benefit pension plan” means the non-registered supplemental pension
plan, entitled “The Enbridge Supplemental Pension Plan” dated January 1, 2000,
as amended or replaced from time to time.

 - 4 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

1.2                           Headings

The headings of the articles, sections, clauses and paragraphs herein
are inserted for convenience of reference only and shall not affect the meaning
or construction hereof.

1.3                           Governing
Law and Attornment

This Agreement shall be construed and interpreted in accordance with
the laws of the Province of Alberta and the federal laws of Canada applicable
therein.  Each of the parties hereby
irrevocably attorns to the jurisdiction of the courts of the Province of
Alberta with respect to any matters arising out of this Agreement.

1.4                           Singular;
Gender

All words importing the singular number include the plural and vice
versa, and all words importing gender include the masculine, feminine and neuter
genders.

ARTICLE 2

EMPLOYMENT

2.1                           Position,
Duties and Responsibilities of Executive

The Executive shall have such responsibilities and powers as the Board
of Directors or the bylaws of the Corporation or Executive’s superiors may from
time to time prescribe and are currently contemplated by his position as Group
Vice President, Transportation North or similarly equivalent duties and
responsibilities. Except as may be authorized by the Board of Directors of the
corporation, or by the Executive’s superiors from time to time, the Executive
shall devote the whole of his time to the Executive’s duties hereunder and
shall use his best efforts to promote the interests of the Corporation and its
affiliates and subsidiaries.

2.2                           Term
of Agreement

The term of this Agreement shall commence on the date hereof, and
subject to Section 2.9 shall continue in effect to and including the earliest
of:

(a)           the date of voluntary
retirement of the Executive in accordance with the retirement policies
established for senior employees of the Corporation;

(b)           the voluntary
resignation of the Executive other than pursuant to Section 2.6(a)(ii) or
2.6(a)(iii);

(c)           the death of the
Executive; or

(d)           termination of the
employment of the Executive by the Corporation.

 - 5 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

2.3                           Services
During Certain Events

In the event that a person makes a tender, exchange offer or takeover
bid, or circulates a proxy to shareholders of the Corporation or takes other
steps seeking to effect a change of control of the Corporation, the Executive
agrees that he will not terminate his employment with the Corporation or cease
to be an officer of the Corporation or its affiliates or subsidiaries until
that person has abandoned or terminated his or its efforts to effect a change
of control or merger or until after such a change of control or merger has been
effected.

2.4                           Termination
of Agreement upon Disability of Executive

If at the end of any
month the Executive is and has been for a period of more than 12 months unable
to perform the essential duties specified pursuant to this Agreement in the
normal and regular manner due to mental or physical disability, this Agreement
may be terminated by the Corporation on 30 days’ prior written notice.  Notwithstanding anything contained in this
Section 2.4, the Executive shall be entitled to all benefits provided under the
disability and pension plans of the Corporation or its affiliates applicable to
the Executive at the date of and during the term of this Agreement.

2.5                           Termination
of Agreement by the Corporation for Cause

The Corporation may terminate this Agreement at any time without notice
in the event the Executive shall be convicted of a criminal act of dishonesty
resulting or intending to result directly or indirectly in gain or personal
enrichment of the Executive at the expense of the Corporation, or for just
cause as defined in common law and pursuant to written notice setting forth
particulars of such cause.

2.6                           Termination
of Employment by the Corporation or the Executive

(a)           Except where such
termination is pursuant to Sections 2.2(a), (b) or (c), 2.5 or 2.7 the
provisions of this Section 2.6 shall apply:

(i)            where the Corporation
terminates the employment of the Executive for any reason;

(ii)           where the Executive terminates
his employment with the Corporation within a period of 90 days following
constructive dismissal of the Executive. 
For this purpose the Executive may within a period of 90 days following
the constructive dismissal of the Executive terminate his employment with the
Corporation upon 30 days’ prior written notice to the Corporation.  For greater clarity, the said 30 day notice
may be given at any time up to the 60th day of the said 90-day period;

 - 6 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

(iii)          where the Executive
terminates his employment with the Corporation following one (1) year from the
occurrence of a change of control.  For
this purpose, the Executive may, within a period of 90 days following from one
(1) year of the occurrence of a change of control, terminate his employment
with the Corporation, upon 30 days’ prior written notice to the
Corporation.  For greater clarity, the
said 30 day notice may be given at any time up to the 60th day of
the said 90-day period; or

(iv)          where the Corporation
terminates this Agreement pursuant to Section 2.4.

(b)           In the event of
termination of employment as provided in Section 2.6(a), the Executive shall be
entitled to receive, and the Corporation shall pay to the Executive, a retiring
allowance (the “Retiring Allowance”) computed as hereinafter provided, which
shall include all statutory entitlement under employment standards legislation
and all common law entitlement to reasonable notice.  The Retiring Allowance shall be that amount
which is equal to two times the sum of:

(i)            the Annual Salary; and

(ii)           the average of the last
two payments of the Annual Incentive Bonus paid to the Executive immediately
preceding the date of such termination of employment.

(c)           In addition to the
Retiring Allowance calculated in accordance with Section 2.6(b):

(i)            the Corporation shall
pay to the Executive the cash value of two times the last annual flex credit
allowance provided to the Executive immediately preceding the date of such
termination of employment under the Corporation’s flexible benefit program
unless the Executive continues to be covered through the Corporation’s
annuitant benefit program or the benefits program of another employer;

(ii)           the Corporation shall
pay to the Executive the Annual Incentive Bonus for the calendar year in which
the termination of employment occurs, pro rated based upon the number of days
of employment of the Executive in the calendar year to the number of days in
the year and the Executive shall receive all accrued and unpaid annual vacation
pay to the date of termination;

(iii)          the Corporation shall
pay to the Executive the cash value of two times the last annual flexible
perquisite allowance provided to the Executive immediately preceding the date
of such termination of

 - 7 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

employment under the
Corporation’s executive flexible perquisites program less any amounts paid to
the Executive but unearned by virtue of such termination of employment;

(iv)          the Corporation will pay
for financial counselling and/or career counselling assistance for the
Executive to a maximum of $10,000.

(d)           The Executive will have
two years of additional service added to the service already accrued at date of
termination, under the Corporation’s defined benefit pension plan and supplemental
benefit pension plan, as more precisely described in Section 2.8.

(e)           If, at the time of
termination of employment as provided in Section 2.6(a), the Executive holds
exercisable but unexercised options for the purchase of shares of the Corporation
under any of the Corporation’s or its affiliates’ stock option plans, the
Executive shall be entitled to exercise all options so held in accordance with
the terms of such plans and pursuant to law. 
If the Executive holds options for the purchase of shares under any of
the Corporation’s or its affiliates’ stock option plans which are not
exercisable at the date of termination of employment in circumstances where
this Section 2.6 applies, the Corporation will pay to the Executive a cash
amount representing the excess, if any, of the fair market value of the shares
on the date of termination of employment over the exercise price for such
options.  Payment of such amount shall
result in cancellation of the related stock options and any stock appreciation
rights associated with the stock options. 
The fair market value on the date of termination of employment shall
mean the last board lot sale price on The Toronto Stock Exchange on the last
trading day prior to the date of termination of employment.

(f)            The Corporation and
the Executive agree that the provisions of Section 2.6 are fair and reasonable
and that the amounts payable by the Corporation to the Executive pursuant to
Section 2.6 are reasonable estimates of the damages which will be suffered by
the Executive in the event of the termination of his employment with the
Corporation in the circumstances set out in Section 2.6 and shall not be
construed as a penalty.

(g)           The amounts payable by
the Corporation to the Executive pursuant to Section 2.6 shall not be reduced
by any amounts earned by the Executive after the termination of the employment
of the Executive.

(h)           All amounts paid by the
Corporation to the Executive pursuant to Section 2.6 shall satisfy and forever
discharge all liabilities, claims or actions that the Executive may or shall
have against the Corporation arising from the termination of employment of the
Executive whether at common law or under statute or otherwise.

 - 8 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

(i)            Subject to the
provisions of Sections 2.6(c) and 2.6(e), the Corporation shall, at the option
of the Executive, pay the amounts provided under this Section 2.6 to the
Executive on the date that the employment of the Executive is terminated, or as
soon thereafter as reasonably practical, less all applicable statutory
deductions; or arrange a schedule of instalment payments of such amounts as
determined by the Executive.  Upon
payment to the Executive of the amounts provided for under this Section 2.6 or
mutual agreement of payment terms, the Executive and the Corporation shall
execute and deliver to the other the releases in the forms of Schedules A and
B, respectively.

2.7                           Other
Termination by Executive

Notwithstanding anything to the contrary herein, in addition to the
right of the Executive to terminate his employment under the circumstances
described in Section 2.6, the Executive shall be entitled to terminate this
Agreement and his employment with the Corporation at his pleasure upon 30 days’
prior written notice to such effect.  In
such event, the Executive shall not be entitled to any further compensation
from the date of termination of employment. 
The Corporation acknowledges and agrees that the Corporation shall have
no remedy against the Executive, in law or otherwise, upon the termination of
this Agreement and the Executive’s employment with the Corporation in
accordance with this Section 2.7.

2.8                           Supplemental
Benefit Pension Plan

(a)           The Corporation
undertakes and agrees with the Executive (herein, the “supplementary undertakings”)
to pay or cause to be paid the amounts provided for in the supplemental benefit
pension plan as modified by this Section 2.8. 
In particular, the Executive (or the Executive’s spouse or beneficiary
as defined in the supplemental benefit pension plan) is entitled to receive:

(i)            benefits determined in
accordance with the supplemental benefit pension plan, being certain amounts
that would be payable from the defined benefit pension plan but for limitations
imposed by the Income Tax Act, all as specified in the supplemental benefit
pension plan;

(ii)           if the Executive’s
employment ceases for any reason after the Executive attains age 55, upon or
after the occurrence of a change in control or if Section 2.6 applies, benefits
determined in accordance with the supplemental benefit pension plan pursuant to
(i) as if:

A.            the rate of annual
accrual in the lifetime retirement income formula in the defined benefit
pension plan for credited service prior to January 1, 2000, were 2.0%; and

 - 9 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

B.            the rate of annual
accrual in the lifetime retirement income formula in the defined benefit
pension plan for credited service from and after January 1, 2000 but not later
than the date on which the Executive attains age 60 were 3.26%.

(iii)          if Section 2.6(d)
applies, benefits determined in accordance with the supplemental benefit
pension plan pursuant to (i) as if:

A.            two additional years
of credited service were applied in the lifetime retirement income formula in
the defined benefit pension plan, and two additional years of continuous
service were granted for other purposes of the defined benefit pension plan;
and

B.            for each of the two
additional years of credited service earnings are deemed to be received equal
to Annual Compensation for the purposes of determining final or best average
earnings.

(b)           The Executive
acknowledges and accepts that prior to January 1, 2001 the Corporation had not
funded the supplementary undertaking. 
The Executive further acknowledges and accepts, and the Corporation
undertakes to the Executive, that effective January 1, 2001 the supplementary
undertaking will be funded by the Corporation over a period of seven years in a
separately maintained retirement compensation arrangement (as referred to in
the Income Tax Act (Canada)) to be separately maintained and established by the
Corporation (the “RCA”).  The
supplementary undertaking will be paid from amounts in the RCA with any amount
that cannot be paid from the RCA being paid by the Corporation.

2.9                           Continuing
Provisions

Notwithstanding the termination of this Agreement under Article 2, the
provisions of Section 2.6, Section 2.8 and Article 3 and all other provisions
hereof which by their terms are to be performed following the termination
hereof shall survive such termination and be continuing obligations.

ARTICLE 3

NON-COMPETITION AND CONFIDENTIALITY

3.1                           Non-Competition

The Executive recognizes and understands that in performing the duties
and responsibilities of his employment as outlined in this Agreement, he will
occupy a position of high fiduciary trust and confidence, pursuant to which he
has developed and

 - 10 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

will develop and acquire wide experience and knowledge
with respect to the businesses carried on by the Corporation and its affiliates
and the manner in which such businesses are conducted.  It is the expressed intent and agreement of
the Executive and of the Corporation that such knowledge and experience shall
be used solely and exclusively in the furtherance of the business interests of
the Corporation and its affiliates and not in any manner detrimental to
them.  The Executive therefore agrees
that so long as he is employed by the Corporation pursuant to this Agreement he
shall not engage in any practice or business in competition with the business
of the Corporation or any of its affiliates.

3.2                           Confidentiality

The Executive further recognizes and understands that in the
performance of his employment duties and responsibilities outlined in this
Agreement, he will become knowledgeable, aware and possessed of Confidential
Information concerning the business of the Corporation and its affiliates.  The Executive agrees that, except with the
consent of the board of directors, he will not disclose such Confidential
Information to any unauthorized persons so long as he is employed by the
Corporation pursuant to this Agreement and for a period of 2 years thereafter;
provided that the foregoing shall not apply to any Confidential Information
which is or becomes known to the public or to the competitors of the
Corporation and/or its affiliates other than by a breach of this Agreement by
the Executive.

ARTICLE 4

GENERAL

4.1                           Notices

Any notice required or permitted to be given to a party hereunder shall
be in writing and may be given by mailing the same, postage prepaid, or
delivering the same, addressed to such party at the following address:

	
  

  	
  To the Corporation:

  
	
   

  	
   

  
	
   

  	
   

  	
  Enbridge Inc.

  
	
   

  	
   

  	
  3000, 425 – 1st Street S.W.

  
	
   

  	
   

  	
  Calgary, Alberta T2P 3L8

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  President & Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  To the Executive:

  
	
   

  	
   

  
	
   

  	
   

  	
  Mr. J. Richard Bird

  
	
   

  	
   

  	
  283 Canterville Drive S.W.

  
	
   

  	
   

  	
  Calgary, Alberta T2W 3X9

  

 

 - 11 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

Any notice aforesaid if delivered
shall be deemed to have been delivered on the first business day following the
date on which it was delivered or if mailed shall be deemed to have been
received on the third day following the date on which it was mailed.  Any party may change its address for service
from time to time by a notice given in accordance with the foregoing.

4.2                           Time

Time shall be of the essence of this Agreement.

4.3                           Legal
Fees and Expenses

The Corporation shall pay all reasonable costs incurred by the
Executive, as determined in the sole discretion of the President & Chief
Executive Officer, in respect of legal, consulting and accounting expenses in
connection with the negotiation, execution and interpretation of this
Agreement.  The Corporation shall pay all
costs, charges and expenses incurred in respect of legal, consulting and
accounting expenses (including legal expenses on a solicitor and his or his own
client basis) incurred by the Executive or his estate in taking any action or
enforcing any right or benefit provided to the Executive by this Agreement;
provided only that the Executive is substantially successful in any such action
or in enforcing any such right or benefit, and providing further that payments
pursuant to this Section 4.3 shall not exceed a maximum amount of $10,000.

4.4                           Integration

The provisions of this Agreement are in addition to and not in
substitution for the other terms, conditions and provisions concerning the
employment of the Executive by the Corporation and where there is any conflict
between this Agreement and such other terms, conditions and provisions this
Agreement shall govern.  This Agreement
together with such other terms, conditions and provisions constitute the entire
agreement between the parties hereto pertaining to the subject matter.  This Agreement may not be amended or modified
in any respect except by written instrument signed by the parties hereto.

4.5                           Waivers

No waiver by either party hereto of any breach of any of the provisions
of this Agreement shall take effect or be binding upon the party unless in
writing and signed by such party.  Unless
otherwise provided therein, such waiver shall not limit or affect the rights of
such party with respect to any other breach.

4.6                           Further
Assurances

The parties hereto agree to execute and deliver such further and other
documents and perform and cause to be performed such further and other acts and
things

 - 12 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

as may be necessary or desirable in order to give full
effect to this Agreement and every part thereof.

4.7                           Severability

If any provision of this Agreement shall be held to be invalid, illegal
or unenforceable, the validity, legality or enforceability of the remaining
provisions of this Agreement shall not in any way be affected or impaired thereby.

4.8                           Enurement

This Agreement shall enure to the benefit of and be binding upon the
parties hereto and their respective heirs, legal personal representatives,
successors and permitted assigns.

 

IN WITNESS WHEREOF the Corporation has hereunto affixed its corporate
seal attested to by its duly authorized officers in that behalf and the
Executive has hereunto set his hand and seal as of the day and year first above
written.

	
  

  	
   

  	
  ENBRIDGE INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Per:

  	
   

  
	
   

  	
   

  	
   

  	
  Patrick D. Daniel

  
	
   

  	
   

  	
  Per:

  	
   

  
	
  SIGNED, SEALED
  AND

  	
  )

  	
   

  
	
  DELIVERED in the
  presence of:

  	
  )

  	
   

  
	
   

  	
  )

  	
   

  
	
   

  	
   

  	
  )

  	
   

  
	
  WITNESS as to
  the signature of J.

  	
  )

  	
  J. Richard Bird

  
	
  Richard Bird

  	
  )

  	
   

  
						

 

 - 13 -

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

SCHEDULE A

Release

KNOW ALL MEN BY THESE PRESENTS that I, J. Richard Bird, of the City of
Calgary, in the Province of Alberta, in consideration of the amounts provided
in Sections 2.6 and 2.8 of the Executive Employment Agreement (the “Contract”)
dated as of April 14, 2003 between me and Enbridge Inc. (the “Corporation”) and
for other good and valuable consideration, inclusive of any statutory severance
or benefits in accordance with the Employment Standards Code (Alberta), the
receipt and sufficiency of which is hereby acknowledged, do for myself, my
executors and assigns hereby remise, release and forever discharge the
Corporation, its respective predecessors, successors and assigns, from all
manner of actions, causes of action, claims or demands, past, present or
future, which against the Corporation, their respective predecessors,
successors and assigns, I ever had, now have, or can, shall or may hereafter
have, by reason of or arising out of any cause, matter or thing whatsoever done
or admitted to be done, occurring or existing up to and inclusive of the day of
these presents and in particular, without in any way restricting the generality
of the foregoing, in respect of all claims, past, present or future, directly
or indirectly related to or arising out of or in connection with my
relationship with the Corporation, its respective predecessors, successors and
assigns, as an employee, officer or director, and the termination of my
employment from the Corporation, on                                                  ,
200·.

AND FOR THE SAID CONSIDERATION I, 
J. Richard Bird, represent and warrant that I have not assigned to any
person, firm or corporation any of the actions, causes of action, claims,
suits, executions or demands which I release by this Release, or with respect
to which I agree not to make any claim or take any proceeding herein.

Notwithstanding anything contained herein, this Release shall not
extend to or affect, or constitute a release of, my right to sue, claim against
or recover from the Corporation and shall not constitute an agreement to
refrain from bringing, taking or maintaining any action against the Corporation
in respect of:

(a)                                  any
corporate indemnity existing by statute, contract or pursuant to any of the
constating documents of the Corporation provided in my favour in respect of my
having acted at any time as a director, officer or both of the Corporation;

(b)                                 my
entitlement to any insurance maintained for the benefit or protection of the
directors and/or officers of the Corporation, including without limitation,
directors’ and officers’ liability insurance; or

(c)                                  my
entitlement to any amounts that may arise under the Sections and Articles of
the Contract referred to in Section 2.9 of the Contract.

 - 1 -
 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

IT IS HEREBY AGREED that, except as provided herein, the terms of the
Contract and of this Release will be kept confidential.  Subject to the following, no party hereto
shall communicate any such terms to any third party under any circumstances
whatsoever, although either party shall be at liberty to disclose to third
parties that a mutually acceptable Release was agreed upon.  In addition, 
J. Richard Bird shall be permitted to disclose the terms of the Contract
and this Release to his spouse, his tax and financial advisors, his legal
advisors and to make any disclosures of the terms of this Contract and this
Release as may be required to allow him to comply with any applicable provision
of the law.  In such event,  J. Richard Bird shall require that his
spouse, his tax and financial advisors and his legal advisors shall execute the
undertaking provided as Schedule “C” hereof prior to the disclosure of the
terms of this Contract and this Release and shall advise the Corporation of
such disclosure and provide the Corporation with a copy of such
undertaking.  In the event of any
disclosure required by law, J. Richard Bird shall promptly advise the
Corporation of the required disclosure. 
The invalidity and unenforceability of any provision of this Release
shall not affect the validity or enforceability of any other provision of this
Release, which shall remain in full force and effect.

I HEREBY DECLARE that I have read all of this Release, fully understand
the terms of this Release and voluntarily accept the consideration stated
herein as the sole consideration for this Release for the purpose of making a
full and final settlement with the Corporation. 
I further acknowledge and confirm that I have been given an adequate
period of time to obtain independent legal counsel upon the meaning and the
significance of the terms herein and the covenants mutually exchanged.

IN WITNESS WHEREOF, I
have hereunto set my hand and seal this                  
day of                                        
A.D. 200·.

	
  

  	
   

  	
   

  	
   

  	
   

  
	
  Witness

  	
   

  	
  J. Richard Bird

  

 

 - 2 -

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

SCHEDULE B

Release

KNOW ALL MEN BY THESE PRESENTS that ENBRIDGE INC. (the “Corporation”),
a corporation incorporated under the laws of the Province of Alberta, in
consideration of the delivery by  J.
Richard Bird (the “Executive”), of a Release dated the date hereof and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, for itself and its respective successors and assigns,
hereby remises, releases and forever discharges the Executive, his executors
and assigns from all manner of actions, causes of action, claims or demands,
past, present or future, which against the Executive, his executors and
assigns, the Corporation, its respective successors and assigns ever had, now
have, or can, shall or may hereafter have, by reason of or arising out of any
cause, matter or thing whatsoever done or admitted to be done, occurring or
existing up to and inclusive of the day of these presents and in particular,
without in any way restricting the generality of the foregoing, in respect of
all claims, past, present or future, directly or indirectly related to or
arising out of or in connection with the Corporation’s relationship with the
Executive, as an employee, director or officer of the Corporation.

AND FOR THE SAID CONSIDERATION the Corporation represents and warrants
that it has not assigned to any person, firm or corporation any of the actions,
causes of action, claims, suits, executions or demands which it releases by
this Release, or with respect to which it agrees not to make any claim or take
any proceeding herein.  The invalidity
and unenforceability of any provision of this Release shall not affect the
validity or enforceability of any other provision of this Release, which shall
remain in full force and effect.

IT IS HEREBY AGREED that, except as provided for in Schedule “A”
hereof, the terms of the Executive Employment Agreement dated as of April 14,
2003 between the Corporation and the Executive and of this Release will be kept
confidential.  No party hereto shall
communicate any such terms to any third party under any circumstances
whatsoever, although either party shall be at liberty to disclose to third
parties that a mutually acceptable Release was agreed upon.

IN WITNESS WHEREOF, the Corporation has duly executed and delivered
this Release this                 
day of                                                       
A.D. 200·.

	
  

  	
   

  	
  ENBRIDGE INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Per:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Per:

  	
   

  

 

ENBRIDGE
INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

SCHEDULE
C

Undertaking

I,                            ,
of                        ,
in the City of                    ,
in the Province of              

[name]                  [address]

being the                                                                                                                                                                                        ,

[describe
relationship to J. Richard Bird, e.g. spouse, tax, financial or legal advisor]

for
good and valuable consideration, the receipt of which I acknowledge, agree to
keep strictly confidential the terms and conditions of the Executive Employment
Agreement dated as of April 14, 2003 made between Enbridge Inc. and J. Richard
Bird, and any Release thereof, all as may be disclosed to me by J. Richard
Bird.

I further acknowledge that I will make no use
whatsoever of the information comprising the terms and conditions of the
Executive Employment Agreement, except as may be required for the purposes of
my providing advice and direction to J. Richard Bird in my aforesaid capacity.

IN WITNESS WHEREOF, I
have hereunto set my hand and seal this                   
day of                                                                     
A.D. 200·.

 

	
  

  	
   

  	
   

  	
   

  	
   

  
	
  Witness

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]