Document:

EX-10.17

 Exhibit 10.17 
  

 
 

 
 DEFERRED SHARE UNIT PLAN FOR DIRECTORS 

OF ENCANA CORPORATION 
 Adopted with effect from
December 18, 2002 and reflective with 
 amendments made as of April 26, 2005, October 22, 2008, 

December 8, 2009, July 20, 2010, February 13, 2013, December 1, 2014 and February 14, 2018 

 TABLE OF CONTENTS 
  

							
	 Section
	  	Page	 
			
	 1.
	  	 PREAMBLE AND DEFINITIONS
	  	 	1	 
			
	 2.
	  	 CONSTRUCTION AND INTERPRETATION
	  	 	4	 
			
	 3.
	  	 ELIGIBILITY
	  	 	4	 
			
	 4.
	  	 DEFERRED SHARE UNIT GRANTS
	  	 	4	 
			
	 5.
	  	 ACCOUNTS, DIVIDEND EQUIVALENTS AND REORGANIZATION
	  	 	7	 
			
	 6.
	  	 REDEMPTION ON RETIREMENT OR DEATH
	  	 	8	 
			
	 7.
	  	 CURRENCY
	  	 	9	 
			
	 8.
	  	 SHAREHOLDER RIGHTS
	  	 	9	 
			
	 9.
	  	 ADMINISTRATION
	  	 	10	 
			
	 10.
	  	 ASSIGNMENT
	  	 	10	 

 Schedules were amended effective February 14, 2018: 

 

			
	 Schedule A
	  	 Election Notice

		
	 Schedule B
	  	 Redemption Notice

		
	 Special Appendix
	  	 Special Provisions Applicable to Directors Subject to

		  	 Section 409A of the United States Internal Revenue Code

 DEFERRED SHARE UNIT PLAN FOR DIRECTORS 

OF ENCANA CORPORATION 
 (Adopted with effect
from December 18, 2002 and reflective with 
 amendments made as of April 26, 2005, October 22, 2008, 

December 8, 2009, July 20, 2010, February 13, 2013, December 1, 2014 and February 14, 2018.) 

 

	1.	 PREAMBLE AND DEFINITIONS 

 

	 	1.1	 Title 

The Plan herein described shall be called the “Deferred Share Unit Plan for Directors of Encana Corporation”. 

 

	 	1.2	 Purpose of the Plan 

The purpose of the Plan is to promote a greater alignment of interests between Directors and the shareholders of the Corporation. 

 

	 	1.3	 Definitions 

  

	 	1.3.1	 “Affiliate” means an affiliate of the Corporation as the term “affiliate” is defined in
paragraph 3 of Canada Customs and Revenue Agency Interpretation Bulletin IT-337R3, Retiring Allowances. 

  

	 	1.3.2	 “Annual Remuneration” means: 

 

	 	1.3.2.1	 for all periods ending on or before December 31, 2014, all amounts payable to a Director or the Chairman of the
Board by the Corporation in respect of the services provided to the Corporation by the Director or the Chairman of the Board as a member of the Board in a calendar year, including without limitation (i) the annual base retainer fee for serving
as a Director, (ii) the annual retainer fee for serving as a member of a Board committee, (iii) the annual retainer fee for chairing a Board committee, (iv) the fees for attending meetings of the Board or Board committees, but
excluding (x) amounts received by a Director or Chairman of the Board as a reimbursement for expenses incurred in attending meetings and (y) the initial and annual grants of Deferred Share Units granted pursuant to Sections 4.1 and
4.3 hereof; 

  

	 	1.3.2.2	 for all periods commencing on or after January 1, 2015 but ending on or before December 31, 2017, all amounts
payable to a Director or the Chairman of the Board by the Corporation in respect of the services provided to the Corporation by such person in his or her capacity as a member of the Board and/or Chairman of the Board in a calendar year, including
without limitation (i) the annual Board retainer payable for serving as a Director, (ii) the annual retainer payable for chairing a Board 

			
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 Deferred Share Unit Plan for
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committee and (iii) in the case of the Chairman of the Board, all amounts payable to the Chairman of the Board in a calendar year as an annual retainer for serving as Chairman of the Board,
but excluding (x) all amounts received by a Director or Chairman of the Board as a reimbursement for expenses incurred in connection with their service to the Corporation as a Director or Chairman of the Board; and (y) the
initial and annual grants of Deferred Share Units granted pursuant to Sections 4.1 and 4.3 hereof; and 

  

	 	1.3.2.3	 for all periods commencing on or after January 1, 2018, all amounts payable to a Director or the Chairman of the
Board by the Corporation in respect of the services provided to the Corporation by such person in his or her capacity as a member of the Board and/or Chairman of the Board in a calendar year, including without limitation (i) the annual Board
retainer payable for serving as a Director, (ii) the annual retainer payable for chairing a Board committee and (iii) in the case of the Chairman of the Board, all amounts payable to the Chairman of the Board in a calendar year as an
annual retainer for serving as Chairman of the Board, but excluding (x) all amounts received by a Director or Chairman of the Board as a reimbursement for expenses incurred in connection with their service to the Corporation as a
Director or Chairman of the Board; and (y) grants of restricted share units granted by the Corporation pursuant to the Restricted Share Unit Plan for Directors of Encana Corporation to such person. 

 

	 	1.3.3	 “Blackout Period” means a trading blackout period imposed by the Corporation under the
Corporation’s Securities Trading & Insider Reporting Policy (as amended, supplemented or replaced from time to time). 

  

	 	1.3.4	 “Board” means the Board of Directors of the Corporation. 

 

	 	1.3.5	 “Cease Trade Date” has the meaning ascribed thereto in Section 6.3. 

 

	 	1.3.6	 “Chairman of the Board” means a director who is not an employee of the Corporation who has been
elected or appointed as the non-executive Chairman of the Board of Encana Corporation. 

  

	 	1.3.7	 “Committee” means the Nominating and Corporate Governance Committee of the Board.

  

	 	1.3.8	 “Conversion Date” means, with respect to any Quarter, the date used to determine the Market Value for
purposes of determining the number of Deferred Share Units to be awarded in respect of that Quarter to a Director, which date shall be the date recommended by the Committee and confirmed by the Board and which shall for the Quarter

			
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commencing on the effective date of the Plan be the last day of that Quarter and thereafter shall generally be the last day of each Quarter and, in any event, shall not be earlier than the first
business day, or later than December 31, of the year in respect of which the Deferred Share Units are being provided. 

  

	 	1.3.9	 “Corporation” means Encana Corporation and any successor corporation whether by amalgamation, merger or
otherwise. 

  

	 	1.3.10	 “Deferred Share Unit” means a bookkeeping entry on the books of the Corporation, the value of which on
any particular date shall be equal to the Market Value. 

  

	 	1.3.11	 “Deferred Share Unit Account” has the meaning ascribed thereto in Section 5.1.

  

	 	1.3.12	 “Director” means a director of the Corporation who is not an employee of the Corporation otherwise than
in his or her capacity as a member of the Board, and for the purposes of this Plan does not include the Chairman of the Board. 

  

	 	1.3.13	 “Market Value” means, with respect to a particular date, the closing price for a Share on the
applicable Stock Exchange on the Trading Day immediately prior to that date or, in the event of the Cease Trade Date, such other value as may be determined pursuant to Section 6.3. 

 

	 	1.3.14	 “Quarter” means a fiscal quarter of the Corporation, which, until changed by the Corporation, shall be
the three month period ending March 31, June 30, September 30 or December 31 in any calendar year. 

  

	 	1.3.15	 “Redemption Date” has the meaning ascribed thereto in Section 6.1. 

 

	 	1.3.16	 “Related Corporation” has the meaning ascribed thereto in Section 5.2. 

 

	 	1.3.17	 “Share” means a common share of the Corporation and such other share as is substituted therefore as a
result of amendments to the articles of the Corporation, reorganization or otherwise, including any rights that form a part of the common share or substituted share but not including any other rights that are attached thereto and trade therewith or
any other share that is added thereto; 

  

	 	1.3.18	 “Stock Exchange” means the Toronto Stock Exchange or the New York Stock Exchange, as specified in the
grant confirmation provided to the Director or the Chairman of the Board relating to such Deferred Share Unit, or if the Shares are not listed on the Toronto Stock Exchange or the New York Stock Exchange, such other stock exchange on which the
Shares are listed, or if the Shares are not listed on any stock exchange, then on the over-the-counter market. 

			
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	 	1.3.19	 “Termination Date” has the meaning ascribed thereto in Section 6.1. 

 

	 	1.3.20	 “Trading Day” means any date on which the applicable Stock Exchange is open for the trading of
Shares and on which one or more Shares actually traded. 

  

	2.	 CONSTRUCTION AND INTERPRETATION 

 

	 	2.1	 In the Plan, references to the masculine include the feminine; references to the singular shall include the plural and
vice versa, as the context shall require. 

  

	 	2.2	 The Plan shall be governed and interpreted in accordance with the laws of the Province of Alberta and the laws of
Canada. 

  

	 	2.3	 If any provision of the Plan or part hereof is determined to be void or unenforceable in whole or in part, such
determination shall not affect the validity or enforcement of any other provision or part thereof. 

  

	 	2.4	 Headings wherever used herein are for reference purposes only and do not limit or extend the meaning of the provisions
herein contained. 

  

	3.	 ELIGIBILITY 

  

	 	3.1	 The Corporation has established the Plan, effective on December 18, 2002. 

 

	 	3.2	 Nothing herein contained shall be deemed to give any person the right to be retained as a Director of the Corporation or
an employee of the Corporation or of an Affiliate. 

  

	4.	 DEFERRED SHARE UNIT GRANTS 

Annual Deferred Share Unit Grants 
  

	 	4.1	 Subject to the conditions stated herein: 

 

	 	(i)	 For all periods commencing prior to January 1, 2010 each Director and the Chairman of the Board shall receive an
annual grant of 5,000 Deferred Share Units; 

  

	 	(ii)	 For all periods commencing after January 1, 2010 but prior to January 1, 2015 each Director and the Chairman
of the Board shall receive an annual grant of 10,000 Deferred Share Units; 

  

	 	(iii)	 For all periods commencing after January 1, 2015 but prior to January 1, 2018 each Director shall receive an
annual grant of 9,800 Deferred Share Units and the Chairman of the Board shall receive an annual grant of 18,000 Deferred Share Units; and 

  

	 	(iv)	 For all periods commencing after January 1, 2018, the Chairman of the Board and each Director shall not receive an
annual grant of Deferred 

			
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Share Units but may make an election to receive Deferred Share Units pursuant to Section 4.6. 

  

	 	4.2	 The first annual grant of Deferred Share Units shall be effective January 1, 2006. For years following 2006 but
prior to January 1, 2018, each such annual grant of Deferred Share Units shall, except as otherwise provided in Sections 4.1 to 4.3, be effective on January 1st of such year. Where
January 1st falls within a Blackout Period, then the date of such annual grant of Deferred Share Units shall automatically occur and be effective on the next business day following the last day of
such Blackout Period. 

  

	 	4.3	 In the case of a Director or a Chairman of the Board who commences being a Director or a Chairman of the Board during a
calendar year on a date which occurs after any annual grant of Deferred Share Units for that particular year: 

  

	 	(i)	 in any such year occurring prior to January 1, 2010, each such Director or Chairman of the Board shall receive
5,000 Deferred Share Units; 

  

	 	(ii)	 in any such year occurring in or after January 1, 2010 but prior to January 1, 2015, 10,000 Deferred Share
Units shall be granted to each Director or the Chairman of the Board, in each such case under this Section 4.3 (i) or (ii) on the date on which such Director or Chairman of the Board is first elected or appointed to the Board; and

  

	 	(iii)	 in any such year occurring in or after January 1, 2015 but prior to January 1, 2018, 9,800 Deferred Share
Units shall be granted to each Director and 18,000 Deferred Share Units shall be granted to the Chairman of the Board on the date on which such Director and Chairman of the Board are first elected or appointed to the Board. 

The foregoing notwithstanding, effective December 1, 2014, any grant of Deferred Share Units made pursuant to this
Section 4.3 shall be subject to pro-rata adjustment based on the proportion the number of calendar days in the calendar year during which such individual was a Director or Chairman of the Board is of 365
days. Where any date specified herein for the grant of Deferred Share Units falls on a date which is within a Blackout Period, then the date of such grant of Deferred Share Units shall automatically occur and be effective on the next business day
following the last day of such Blackout Period. 
 Election for Deferred Share Units 
  

	 	4.4	 Subject to Sections 4.5 through 4.7 and such rules, regulations, approvals and conditions as the Committee may impose, a
Director or Chairman of the Board may elect to receive all or a portion of his Annual Remuneration in the form of Deferred Share Units in lieu of cash. 

  

	 	4.5	 To elect to receive all or a portion, as specified in Section 4.6, of his Annual Remuneration in the form of
Deferred Share Units, a Director or the Chairman of the Board, as the case may be, shall complete and deliver to the Corporate Secretary of the Corporation an initial written election in the form attached as

			
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 Deferred Share Unit Plan for Directors

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Schedule A hereto (or such other form as provided by the Corporate Secretary of the Corporation) by no later than the date specified by the Corporate Secretary (but in any event no later than
December 31 immediately preceding the commencement of the calendar year to which the Annual Remuneration relates), which shall, subject to Section 4.7, apply to all Annual Remuneration payable for the year commencing immediately following
the date of the election and for any subsequent year. 

  

	 	4.6	 Except as determined by the Committee, in its sole discretion, a Director or the Chairman of the Board may elect on an
irrevocable basis, subject to Section 4.5 and Section 4.7, in lieu of cash thereof, 

  

	 	4.6.1	 one of the following four (4) options with respect to the payment of his Annual Remuneration relating to periods
commencing prior to January 1, 2018: 

  

	 	(i)	 25% of the Director’s or Chairman of the Board’s Annual Remuneration in the form of Deferred Share Units;

  

	 	(ii)	 50% of the Director’s or Chairman of the Board’s Annual Remuneration in the form of Deferred Share Units;

  

	 	(iii)	 75% of the Director’s or Chairman of the Board’s Annual Remuneration in the form of Deferred Share Units; or

  

	 	(iv)	 100% of the Director’s or Chairman of the Board’s Annual Remuneration in the form of Deferred Share Units; or

  

	 	4.6.2	 to receive 100% of the Director’s or Chairman of the Board’s Annual Remuneration relating to periods
commencing on or after January 1, 2018 in the form of Deferred Share Units. 

  

	 	4.7	 A Director’s or Chairman of the Board’s latest election received by the Corporate Secretary of the Corporation
with respect to the percentages of his Annual Remuneration to be provided in the form of Deferred Share Units shall be irrevocable and shall continue to apply with respect to Annual Remuneration for the year commencing immediately following the date
of the election and for any subsequent year unless the Director or Chairman of the Board wishes to change the portion of his Annual Remuneration to be provided in the form of Deferred Share Units for subsequent years. In order to effect such a
change, the Director or the Chairman of the Board shall complete and deliver to the Corporate Secretary of the Corporation a new written election, in the form attached as Schedule A hereto (or such other form as provided by the Corporate Secretary
of the Corporation), in accordance with Section 4.6 which shall be effective for all Annual Remuneration payable in respect of all calendar years commencing after the date on which such new election is delivered (unless subsequently changed
again for future years in accordance with this Section 4.7). 

  

	 	4.8	 The portion of Annual Remuneration payable to a Director or Chairman of the Board in respect of a Quarter or other
period within the year to which such 

			
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Annual Remuneration relates shall be paid in cash (net of applicable withholdings) or provided in the form of Deferred Share Units as set out in Section 5.1 as soon as practicable after the
last day of each Quarter or such other applicable period in respect of which the Annual Remuneration may be payable, provided that, notwithstanding any election by a Director or Chairman of the Board under the Plan, the Committee may, in its sole
discretion, decline to award Deferred Share Units on account of his Annual Remuneration and instead require the Director or Chairman of the Board, as the case may be, to receive such Annual Remuneration in cash. Where any date specified herein for
the grant of Deferred Share Units falls on a date which is within a Blackout Period, then the date of such grant of Deferred Share Units shall automatically occur and be effective on the second Trading Day immediately following the end of such
Blackout Period to permit the Market Value of any such Deferred Share Units to be determined on a Trading Day which occurs immediately following the end of any such Blackout Period. 

 

	5.	 ACCOUNTS, DIVIDEND EQUIVALENTS AND REORGANIZATION 

 

	 	5.1	 An account, to be known as a “Deferred Share Unit Account” shall be maintained by the Corporation for each
Director and the Chairman of the Board and will be credited with grants of Deferred Share Units received by a Director and the Chairman of the Board from time to time. Where Deferred Share Units are granted pursuant to Section 4.8, such
Deferred Share Units shall be credited to the eligible Deferred Share Unit Account as of the Conversion Date applicable for the Quarter or other period to which the Deferred Share Units relate. The number of Deferred Share Units to be credited to a
Deferred Share Unit Account as of a particular Conversion Date shall be determined by dividing (i) the portion of the Annual Remuneration for the applicable Quarter or other applicable period to be satisfied by Deferred Share Units as elected
by the Director or the Chairman of the Board, as the case may be, pursuant to any of options (i) through (iv) of Section 4.6, by (ii) the Market Value on the particular Conversion Date. Deferred Share Units will be fully vested upon
being credited to a Deferred Share Unit Account and the entitlement to payment of such Deferred Share Units at a Director’s or the Chairman of the Board’s Termination Date shall not thereafter be subject to satisfaction of any requirements
as to any minimum period of membership on the Board or other conditions. 

  

	 	5.2	 Whenever cash dividends are paid on the Shares, additional Deferred Share Units will be credited to each Deferred Share
Unit Account. The number of such additional Deferred Share Units will be calculated by dividing the dividends that would have been paid if the Deferred Share Units recorded in the Deferred Share Unit Account as at the record date for the cash
dividend had been Shares by the Market Value on the date on which the dividends are paid on the Shares. Notwithstanding the foregoing, following a Cease Trade Date, the value of a Share (or the share of a corporation that is related to the
Corporation for purposes of the Income Tax Act (Canada) (“Related Corporation”)) used to calculate the number of additional Deferred Share Units under this Section 5.2 shall be the value determined on a reasonable and equitable basis
by the Board. Where the date on which dividends are deemed paid on the Deferred Share Units falls on a date which is within a Blackout Period, then the deemed dividend 

			
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 Deferred Share Unit Plan for Directors

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payment date shall automatically occur and be effective on the second Trading Day immediately following the end of such Blackout Period to permit the Market Value to be determined on a Trading
Day which occurs immediately following the end of any such Blackout Period. 

  

	 	5.3	 In the event of any stock dividend, stock split, combination or exchange of shares, merger, arrangement, re-organization, re-capitalization, consolidation, spin-off or other distribution (other than normal cash dividends) of Corporation
assets to shareholders, or any other similar changes affecting the Shares, such proportionate adjustments, to reflect such change or changes shall be made with respect to the number of Deferred Share Units outstanding under the Plan, all as
determined by the Board in its sole discretion. 

  

	 	5.4	 For greater certainty, no amount will be paid to, or in respect of, a Director or the Chairman of the Board under the
Plan or pursuant to any other arrangement, and no additional Deferred Share Units will be granted to a Director or the Chairman of the Board to compensate for a downward fluctuation in the fair market value of the Shares, nor will any other form of
benefit be conferred upon, or in respect of, a Director or the Chairman of the Board for such purpose. 

  

	6.	 REDEMPTION ON RETIREMENT OR DEATH 

 

	 	6.1	 The value of the Deferred Share Units credited to a Deferred Share Unit Account shall be redeemable by the Director or
the Chairman of the Board (or, where the Director or the Chairman of the Board has died, his estate) at the Director’s or the Chairman of the Board’s option (or after the Director’s or the Chairman of the Board’s death at the
option of his legal representative) following the event, including death, causing the Director or the Chairman of the Board to be no longer a director or an employee of the Corporation, or a director or employee of an Affiliate (the
“Termination Date”). The Director or the Chairman of the Board (or after the Director’s or Chairman of the Board’s death, his legal representative) shall, by filing a written notice of redemption in the form of Schedule B hereto
with the Corporate Secretary of the Corporation, specify the number of Deferred Share Units to be redeemed and a redemption date (the “Redemption Date”) in respect of such Deferred Share Units which in any event must be after the date on
which the notice of redemption is filed with the Corporation and within the period from the Termination Date to December 15 of the first calendar year commencing after the Termination Date (the “Redemption Deadline”). A Director or
the Chairman of the Board (or after the Director’s or the Chairman of the Board’s death, his legal representative) shall be entitled to file one or more additional notices of redemption in accordance with the foregoing terms until such
time as all of the Deferred Share Units credited to the corresponding Deferred Share Unit Account have been redeemed. In the event the Director or the Chairman of the Board or his respective legal representative has made no such election or has
failed to redeem all Deferred Share Units credited to the corresponding Deferred Share Unit Account prior to the Redemption Deadline, the Corporation shall be entitled to deem any such unredeemed Deferred Share Units as redeemed by the Director or
the Chairman of the Board or his respective legal representative effective as of the Redemption Deadline. 

			
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	 	6.2	 The value of the Deferred Share Units redeemed by or in respect of a Director or the Chairman of the Board pursuant to
Section 6.1 shall be the Market Value on the applicable Redemption Date and shall be paid to the Director or the Chairman of the Board (or, if the Director or Chairman of the Board has died, to his estate) in the form of a lump sum cash
payment, net of any applicable withholdings as soon as practicable after the applicable Redemption Date, provided that in any event such payment date shall be no later than December 31 of the first calendar year commencing after the Termination
Date. 

  

	 	6.3	 In the event that any applicable Redemption Date is after the date on which the Shares ceased to be traded on the
applicable Stock Exchange, provided such cessation in trading is not reasonably expected to be temporary (the “Cease Trade Date”), the value of the Deferred Share Units redeemed by or in respect of the Director or the Chairman of the Board
on such Redemption Date pursuant to Section 6.1 shall be determined in accordance with the following: 

  

	 	(a)	 where the Termination Date is before or not more than 365 days after the last Trading Day before the Cease Trade Date,
the value of each Deferred Share Unit credited to the corresponding Deferred Share Unit Account at Redemption Date shall be equal to the Market Value on the last Trading Day before the Cease Trade Date; 

 

	 	(b)	 where the Termination Date is after the date that is 365 days after the last Trading Day before the Cease Trade Date,
the value of each Deferred Share Unit credited to the Deferred Share Unit Account at Redemption Date shall be based on the fair market value of a share of the Corporation or of a Related Corporation at Redemption Date as is determined on a
reasonable and equitable basis by the Board after receiving the advice of one or more independent firms of investment bankers of national repute. 

The value of Deferred Share Units determined in accordance with paragraph (a) or (b) of this Section 6.3, as applicable,
shall be paid to the Director or the Chairman of the Board (or, if the Director or the Chairman of the Board has died, to his estate) in the form of a lump sum cash payment, net of any applicable withholdings as soon as practicable after the
applicable Redemption Date, provided that in any event such payment date shall be no later than December 31 of the first calendar year commencing after the Termination Date. 

 

	7.	 CURRENCY 

  

	 	7.1	 All references in the Plan to currency refer to lawful Canadian currency. 

 

	8.	 SHAREHOLDER RIGHTS 

  

	 	8.1	 Deferred Share Units are not Shares or other securities of the Corporation and will not entitle a Director or the
Chairman of the Board to any shareholder rights, including, without limitation, voting rights, dividend entitlement or rights on liquidation. 

			
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	9.	 ADMINISTRATION 

  

	 	9.1	 Unless otherwise determined by the Board, the Plan shall remain an unfunded and unsecured obligation of the Corporation.

  

	 	9.2	 Unless otherwise determined by the Board, the Plan shall be administered by the Committee. 

 

	 	9.3	 The Plan may be amended or terminated at any time by the Board, except as to rights already accrued hereunder by the
Directors and the Chairman of the Board. Notwithstanding the foregoing, any amendment or termination of the Plan shall be such that the Plan continuously meets the requirements of paragraph 6801(d) of the Income Tax Regulations or any successor
provision thereto. 

  

	 	9.4	 The Corporation will be responsible for all costs relating to the administration of the Plan. 

 

	10.	 ASSIGNMENT 

  

	 	10.1	 The assignment or transfer of the Deferred Share Units, or any other benefits under this Plan, shall not be permitted
other than by operation of law. 

 * * * * 

 Schedule A 

Deferred Share Unit Plan for 
 Directors of
Encana Corporation (the “Plan”) 
 ELECTION NOTICE – Section 4.5 of the Plan 

 

	I.	 Election 

Subject to Part II of this Election Notice, I hereby elect to receive 100% of the Annual Remuneration that may be payable to me after
the effective date of this election in the form of Deferred Share Units (“DSUs”) and the balance of any such Annual Remuneration in cash, net of applicable withholdings. 

 

	II.	 Acknowledgement 

I confirm and acknowledge that: 
  

	 	1.	 I have received and reviewed a copy of the terms of the Plan and agree to be bound by them. 

 

	 	2.	 I understand that, notwithstanding this election, subject to the terms of the Special Appendix (as defined below), if
applicable, the Committee retains discretion to decline to grant DSUs, in which case I will remain eligible to receive my Annual Remuneration in cash. 

  

	 	3.	 My DSUs granted under the Plan may not be redeemed by Encana Corporation (the “Corporation”) or any Affiliate
thereof until I am no longer either a director or an employee of the Corporation or an Affiliate. 

  

	 	4.	 When DSUs credited to my account pursuant to this election are redeemed in accordance with the terms of the Plan after I
am no longer either a director or employee of the Corporation or any Affiliate, income tax and other withholdings as required will arise at that time. Upon redemption of the DSUs, the Corporation will make all appropriate withholdings as required by
law at that time. 

  

	 	5.	 The value of DSUs are based on the value of the common shares of the Corporation and therefore are not guaranteed.

  

	 	6.	 No funds will be set aside to guarantee the payment of DSUs. Future payment of DSUs will remain an unfunded liability
recorded on the books of the Corporation. 

  

	 	7.	 This election is irrevocable with respect to Annual Remuneration payable after the effective date described in Part III
below, subject to my right under the Plan to make a new election with respect to Annual Remuneration payable in calendar years commencing after such new election notice is received by the Corporate Secretary of the Corporation.

  
 A-1 

	 	8.	 The foregoing is only a brief outline of certain key provisions of the Plan. In the event of any discrepancy between the
terms of the Plan and the terms of this Election Notice, the terms of the Plan shall prevail. All capitalized expressions used herein shall have the same meaning as in the Plan unless otherwise defined herein. 

 

	 	9.	 To the extent I am (or become) subject to United States federal income taxes, my DSUs credited pursuant to the Plan, and
my rights with respect to such DSUs, will be subject to the terms of the Special Appendix to the Plan (the “Special Appendix”), which Special Appendix contains terms and conditions that are intended to cause DSUs to comply with
Section 409A of the United States Internal revenue Code. I also understand that the Special Appendix is a part of the Plan and references to the Plan shall be deemed to include a reference to the Special Appendix, to the extent applicable.

 The foregoing is only a brief outline of certain key provisions of the Plan. For more complete information,
reference should be made to the Plan text which governs in the case of a conflict or inconsistency with this Election Notice. All capitalized expressions used herein shall have the same meaning as in the Plan unless otherwise defined herein. 

 

	III.	 Effective Date 

This election shall be effective for the year commencing after the date on which this election is received by the Corporate Secretary of
the Corporation. 
  

					
	  
	 		  	  

	 Date
	 		  	 (Name of Director)

			
		 		  	  

		 		  	 (Signature of Director)

  
 A-2 

 Schedule B 

Deferred Share Unit Plan for 
 Directors of
Encana Corporation (the “Plan”) 
 To:     Corporate Secretary 

           Encana Corporation 

REDEMPTION NOTICE 
 Pursuant to
Section 6.1 of the Plan, I hereby advise Encana Corporation (the “Corporation) that I wish to redeem the number of Deferred Share Units specified below which are currently credited to my account under the Plan on the
                                 {Redemption Date specified below, which shall be
no later than December 15 (and for directors subject to United States federal income taxes, shall not be earlier than January 1) of the first calendar year commencing after the year in which the Director [or the Chairman of the Board, as
applicable] ceases to be any of a director or an employee of the Corporation or of an Affiliate.}. 
  

			
	Number of Deferred Share Units redeemed:	  	
                         
                                         
                                         
 

		  	                 (If all, specify
“All”)

  

			
	 Redemption Date(s):
	  	
                         
                                         
                                         
                                         

		  	 (Must be after the date which this Notice of Redemption is filed with the Corporation)

		
		  	 If multiple redemptions, specify the number of Deferred Share Units to be redeemed on the corresponding date.

 If the Redemption Notice is signed by a legal representative, documents providing the authority of such
signature must be provided to the Corporation. 
 Payment is to be received as follows (check one): 

 

							
		 	 If Canadian:
	  	 ________ mailed to my home address
	  	 _________ direct deposit

				
		 	 If US:
	  	 ________ mailed to my home address
	  	 _________ wire transfer

 Send cheque/check to: 

Address: _______________________________________________________________ 

City: ___________________ Province/State: ______________ Postal Code/Zip:______ 

If payment is direct deposited please complete the following if your banking information has changed and attach a void cheque/check: 

 

			
		 	 Bank Name:        
                                         
                                         
                                         
     

		
		 	 Branch Address:  
                                         
                                         
                                         
   

		
		 	 City / Province:  
                                         
                                         
                                         
      

		
		 	 Branch Transit Number (5 digits):  
                                         
                                         
               

		
		 	 Bank Number (3 digits):  
                                         
                                         
                                

		
		 	 Account Number:  
                                         
                                         
                                         
  

 I hereby authorize Encana Corporation to credit payment, due to me to my account, which I certify is my account, is
in my name and under my direction and control. I make this authorization to the financial institution above designated. I understand that if the information provided is incorrect or illegible, I will not receive payment until the correct information
is received by Encana Corporation. If you are not supplying a void cheque/check, we require a document approved in writing from your banking institution confirming this information, or alternatively their stamp/approval that the information supplied
on this form is correct. In completing this form, you are acknowledging all information to be accurate and correct to the best of your knowledge. 
  

					
	  
	 		  	  

	 Date
	 		  	 (Name of Director)

			
		 		  	  

		 		  	 (Signature of Director)

 Return this form to the Corporate Secretary of the Corporation as per Section 6.1 of the Encana Corporation Deferred Share Unit
Plan for Directors. 

  
 B-1 

 Special Appendix 

to 
 DEFERRED SHARE UNIT PLAN FOR DIRECTORS OF

 ENCANA CORPORATION 
 Special
provisions applicable to directors of Encana Corporation subject to 
 Section 409A of the United States Internal Revenue Code

 This special appendix sets forth special provisions of the Plan that apply to U.S. Directors. This special appendix shall become effective
on October 22, 2008; however, Sections 2.5 and 2.7 of this special appendix shall not apply in the case of a U.S. Director’s termination or death that occurs in 2008. For avoidance of doubt, nothing in this special appendix shall be deemed
to modify the Plan as it relates to directors of Encana Corporation who are not U.S. Directors. 
  

	1.	 Definitions 

For purposes of this special appendix: 
  

	1.1	 “Code” means the United States Internal Revenue Code of 1986, as amended, and any applicable Treasury
Regulations and other binding regulatory guidance thereunder. 

  

	1.2	 “Section 409A” means section 409A of the Code. 

 

	1.3	 “Separation From Service” shall have the meaning set forth in Section 409A(a)(2)(A)(i) of the
Code. 

  

	1.4	 “Specified Employee” means a U.S. Director who meets the definition of “specified employee,”
as defined in Section 409A(a)(2)(B)(i) of the Code. 

  

	1.5	 “U.S. Director” means a director of Encana Corporation subject to Section 409A.

  

	2.	 Compliance with Section 409A 

 

	2.1	 In General. Notwithstanding any provision of the Plan to the contrary, it is intended that, with respect to U.S.
Directors, the provisions of the Plan comply with Section 409A, and all provisions of the Plan shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A. Each U.S.
Director is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on or for the account of such U.S. Director in connection with the Plan or any other Plan maintained by the Corporation (including any
taxes and penalties under Section 409A), and neither the Corporation nor any affiliate of the Corporation shall have any obligation to indemnify or otherwise hold such U.S. Director (or any beneficiary) harmless from any or all of such taxes or
penalties. 

  

	2.2	 Election to Receive Deferred Share Units. A U.S. Director who wishes to have all or
any part of his Annual Remuneration for a given calendar year paid as Deferred Share Units shall irrevocably elect payment in the form of Deferred Share Units prior to the commencement of the calendar year during which the Annual Remuneration is to
be earned. Notwithstanding the foregoing, to the extent permitted by Section 409A, in the first calendar year in which a U.S. Director becomes eligible to participate in the Plan, 

			
	 Special Appendix
 Deferred Share Unit Plan for

Directors of Encana Corporation
  
	 	Page 2

  

	 	 
the U.S. Director may elect payment of all or any part of the Annual Remuneration payable for services to be performed after the election in the form of Deferred Share Units, provided that such
election is made within 30 days after the date the U.S. Director first becomes eligible to participate in the Plan. Any election under this Section 2.2 shall be made in accordance with procedures established by the Committee for such purpose.
Any election made under this Section 2.2 shall apply to the Annual Remuneration earned in future calendar years unless and until the U.S. Director makes a later election in accordance with the terms of this Section 2.2.

  

	2.3	 Payment Deadline for Annual Remuneration Paid in Cash. Notwithstanding Section 4.8 of the Plan, payment of
the Annual Remuneration payable in cash shall in all events be paid within 60 days after the last day of each Quarter. 

  

	2.4	 Committee’s Ability to Decline to Issue Deferred Share Units. Notwithstanding Section 4.8 of the Plan,
the Committee may only exercise its discretion pursuant to Section 4.8 of the Plan to decline to award Deferred Share Units for a given calendar year (notwithstanding an election by a U.S. Director under the Plan to have all or any part of his
Annual Remuneration for a given calendar year paid as Deferred Share Units) if it does so on or before the deadline for the U.S. Director to make such election pursuant to Section 2.2. 

 

	2.5	 Distributions to U.S. Directors. Notwithstanding the provisions of Section 6.1 of the Plan to the contrary,
the value of a U.S. Director’s Deferred Share Unit Account shall be redeemed during the calendar year next following the calendar year in which the U.S. Director’s Termination Date occurs. If the U.S. Director does not select one or more
Redemption Dates such that all Deferred Share Units in a U.S. Director’s Deferred Share Unit Account are redeemed, his Deferred Share Unit Account shall be redeemed by the Committee in sufficient time so that payment may be made on the last
business day of the calendar year following the year in which the Termination Date occurs. For avoidance of doubt, a U.S. Director may not specify any Redemption Date that is earlier than January 1 or later than December 15 of the calendar
year following the calendar year in which the Termination Date occurs. The Termination Date shall be the date on which the U.S. Director experiences a Separation From Service or dies. If the Termination Date results from the U.S. Director’s
death, payments shall be deemed for purposes of Section 409A to be made upon death rather than Separation From Service, and shall be paid pursuant to Section 2.7. 

 

	2.6	 Distributions to Specified Employees. Solely to the extent required by Section 409A, Deferred Share Unit
Accounts which become redeemable on account of the Separation From Service of a U.S. Director who is determined to be a Specified Employee shall not be redeemed and paid before the date which is 6 months after the Specified Employee’s
Separation from Service (or, if earlier, the date of death of the Specified Employee). 

  

	2.7	 Distributions on Death. The Deferred Share Unit Account of a U.S. Director whose Termination Date results from
death shall be redeemed and paid to the U.S. Director’s estate during the calendar year next following the calendar year in which the death occurs. If the U.S. Director (or the U.S. Director’s estate) does not select an applicable
Redemption Date, his Deferred Share Unit Account shall be redeemed by the 

			
	 Special Appendix
 Deferred Share Unit
Plan for
 Directors of Encana Corporation
  
	 	Page 3

  

	 	 
Committee in sufficient time so that payment may be made on the last business day of the calendar year following the year in which the death occurs. 

 

	2.8	 Notwithstanding anything contained in this Special Appendix, if a U.S. Director becomes subject to tax pursuant to the
provisions of the Income Tax Act (Canada), on amounts under the Plan prior to receipt of such amounts pursuant to Section 2.5 or 2.7 of this Special Appendix, a portion of the U.S. Director’s Deferred Share Unit Account shall be redeemed
so that payment may be made in an amount equal to the “Tax Payment Amount” as soon as practicable (but not later than 90 days) after the date such amounts become subject to tax pursuant to the provisions of the Income Tax Act (Canada). The
“Tax Payment Amount” shall equal the amount of taxes due by the U.S. Director (or the U.S. Director’s estate) under the Income Tax Act (Canada) on amounts under the Plan, plus an additional amount to cover any taxes imposed on the
payment made pursuant to this Section 2.8 to the maximum extent permitted under Section 409A. 

  

	3.	 Amendment of Appendix 

The Board shall retain the power and authority to amend or modify this special appendix to the extent the Board in its sole discretion
deems necessary or advisable to comply with any guidance issued under Section 409A. Such amendments may be made without the approval of any U.S. Director. 

* * * *EX-10.18

 Exhibit 10.18 

AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT 

This Amended and Restated Change in Control Agreement (this “Agreement”) is made effective as of February 14, 2018
between Encana Corporation, a corporation amalgamated under the laws of Canada (the “Corporation”), and Sherri A. Brillon of the City of Calgary in the Province of Alberta (the “Executive”). 

WHEREAS the Corporation and the Executive previously entered into the Change in Control Agreement effective as of January 1,
2007 (the “Prior Agreement”) and wish to amend and restate the Prior Agreement as set forth herein; 
 AND
WHEREAS the Board of Directors of the Corporation (the “Board”) has determined that it is in the best interests of the Corporation and its shareholders to assure that the Corporation will have the continued dedication of the
Executive, notwithstanding the possibility or threat of a Change in Control (as defined herein); 
 AND WHEREAS the Board
believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change in Control and to encourage the Executive’s full attention and
dedication to the Corporation in the event of any threatened or pending Change in Control, and to provide the Executive with compensation and benefits arrangements upon a Change in Control that ensure that the compensation and benefits expectations
of the Executive will be satisfied and that provide the Executive with compensation and benefits arrangements that are competitive with those of other companies; 

AND WHEREAS to accomplish these objectives, the Board has caused the Corporation to enter into this Agreement; 

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

	1.0	 Term of Agreement 

 

	1.1	 Term. This Agreement shall commence on the date hereof and shall continue in effect during the Executive’s
employment with the Corporation as an executive officer until such time as there shall occur a Change in Control of the Corporation and for a period of two years following the Effective Date (as defined below) of such Change in Control (the
“Term”); provided, however, that the payment of compensation and benefits to the Executive under this Agreement may continue beyond the end of the Term in accordance with the applicable provisions of this Agreement.

  

	2.0	 Definitions 

For purposes of this Agreement, the following definitions shall apply: 
  

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

	2.2	 “Cause” means: 

 

	 	(a)	 the willful and continued failure by the Executive to substantially perform his or her duties with the Corporation or an
Affiliate after a written demand for substantial performance is delivered to the Executive by the Board, which demand specifically identifies the manner in which the Board believes the Executive has not substantially performed his or her duties, and
the Executive fails to correct such failure to perform his or her duties within thirty (30) days after such written demand is delivered to the Executive; provided, however, that if such failure occurs after the occurrence of an event or
circumstance which would entitle the Executive to resign for Good Reason, such alleged failure shall not constitute the basis for “Cause”; or 

  

	 	(b)	 the willful engaging by the Executive in conduct which is demonstrably and materially injurious to the Corporation or an
Affiliate, monetarily or otherwise. 

 For purposes of this Section 2.2, (i) any action by the Executive or any failure on the
Executive’s part to act, shall be deemed “willful” only when done (or omitted to be done) by the Executive not in good faith and only if, when done (or omitted to be done), the Executive had or ought to have had the reasonable belief
that the Executive’s action or omission would not be in the best interests of the Corporation or an Affiliate, and (ii) if the Corporation is not the ultimate parent corporation of the group that includes the Corporation and all of its
Affiliates after a Change in Control, references to the “Board” shall mean the board of directors (or equivalent governing body) of the ultimate parent entity of such group. 

Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until (A) the Executive has been
provided with the opportunity, after reasonable advance notice, to appear before the Board, together with the Executive’s legal counsel, prior to a determination by the Board regarding the existence of “Cause”, and (B) there
shall have been delivered to the Executive a copy of a resolution duly adopted by a vote of at least two-thirds (2/3) of the members of the Board, finding that in the good faith opinion of the Board, the
Executive was guilty of conduct set forth in clause (a) or (b) of this Section 2.2 and specifying the particulars thereof. A determination of “Cause” made by the Board that is challenged by the Executive in a court of competent
jurisdiction shall be subject to “de novo” standard of review by such court. 
  

	2.3	 “Change in Control” means: 

 

	 	(a)	 any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity, or any
persons acting jointly or in concert with the foregoing (each, a “Person”), is or becomes the beneficial owner directly or indirectly of 30% or more of either (A) the then-outstanding shares of common stock of the Corporation
(the “Outstanding Corporation Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Corporation entitled to vote generally in the election of directors (the “Outstanding
Corporation Voting Securities”); provided, however, that, for purposes of this Section 2.3(a), the following acquisitions of shares or other voting securities of the Corporation shall not constitute a Change in Control: (i) any
acquisition directly from the Corporation, (ii) any acquisition made by the Corporation, (iii) any acquisition by any employee plan (or related trust) sponsored or maintained by the

  
 Page 2 

	 	 
Corporation or any of its subsidiaries, or (iv) any acquisition pursuant to a transaction that complies with Sections 2.3(b)(1), 2.3(b)(2) and 2.3(b)(3); 

 

	 	(b)	 consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the
Corporation or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Corporation, or the acquisition of assets or securities of another entity by the Corporation or any of its subsidiaries (each, a
“Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Corporation Common
Stock and the Outstanding Corporation Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a
non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the
Corporation or all or substantially all of the Corporation’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding
Corporation Common Stock and the Outstanding Corporation Voting Securities, as the case may be, (2) no Person (excluding any entity resulting from such Business Combination or any employee plan (or related trust) of the Corporation or of such
entity resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent
securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that such ownership existed prior to the Business Combination, and
(3) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the
Incumbent Board (as defined below) at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; 

 

	 	(c)	 individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Corporation’s shareholders, was approved by
a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person or entity other than the Board;
or 

  

	 	(d)	 approval by the shareholders of the Corporation of a complete liquidation or dissolution of the Corporation.

  
 Page 3 

 For purposes of this Section 2.3: 

 

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

  

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

  

	2.4	 “Effective Date” means the date of the occurrence of a Change in Control. 

 

	2.5	 “Good Reason” means the occurrence of any of the following on or after a Change in Control, unless the
Executive shall have given express written consent thereto: 

  

	 	(a)	 Changed Status, Position, Authorities, Duties or Responsibilities. The occurrence of any of the following:

  

	 	(i)	 any adverse change to the Executive’s status or position as in effect immediately prior to the Change in Control,
including, without limitation, the Executive ceasing to serve as an executive officer of a publicly traded company and the sole executive performing the Executive’s role as of immediately prior to the Change in Control (or its equivalent),
reporting directly and exclusively to the chief executive officer of a publicly traded company; and 

  

	 	(ii)	 assignment to the Executive of any authorities, duties or responsibilities materially inconsistent with the
Executive’s position and status as of immediately prior to the Change in Control; and 

  

	 	(iii)	 any diminution in the Executive’s authorities, duties or responsibilities from those in effect immediately prior to
the Change in Control; or 

  

	 	(b)	 Reduced Salary. A reduction by the Corporation in the Executive’s annual base salary as in effect
immediately prior to the Change in Control; or 

  

	 	(c)	 Relocation. The Corporation requiring the Executive to be based more than 50 miles from where the Executive is
based immediately prior to the Change in Control, except for: (i) required travel on the Corporation’s business to an extent substantially consistent with the Executive’s business travel obligations in the ordinary course of business
immediately prior to the Change in Control; or (ii) if the Executive has been relocated or repatriated by the Corporation prior to the Change in Control, such relocation as may be required by applicable law or performed in accordance with an
agreement (whether written or unwritten) entered into between the Corporation (or an Affiliate) and the Executive prior to the Change in Control; or 

  
 Page 4 

	 	(d)	 Incentive Compensation Plans. The occurrence of any of the following: (i) a material reduction by the
Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based
awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards
granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  

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

  

	 	(i)	 with pension and other retirement benefits substantially similar to those provided to the Executive under the applicable
pension and retirement plans and arrangements of the Corporation as of immediately prior to the Change in Control; or 

  

	 	(ii)	 with benefits substantially similar to the benefits provided to the Executive as of immediately prior to the Change in
Control under the Corporation’s life insurance, medical, health and accident, disability or investment plans; or 

  

	 	(iii)	 with executive perquisites substantially similar to the material perquisites provided to the Executive by the
Corporation as of immediately prior to the Change in Control; or 

  

	 	(iv)	 with the number of paid vacation days to which the Executive is entitled in accordance with the normal vacation policy
of the Corporation in effect in respect of the Executive as of immediately prior to the Change in Control; or 

  

	 	(f)	 Deferred Compensation. The failure by the Corporation to pay the Executive (i) any portion of the
Executive’s then current compensation, except pursuant to an across-the-board compensation deferral similarly affecting all senior executives of the Corporation and
required by applicable law or (ii) any installment of deferred compensation at the time such installment is due under any deferred compensation program of the Corporation; or 

 

	 	(g)	 No Assumption by Successor. The failure of the Corporation to obtain a satisfactory agreement from a successor to
assume and agree to perform this Agreement as contemplated by Section 7.1 hereof. 

  

	3.0	 Notice of Termination; Date of Termination 

 

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

  
 Page 5 

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

 

	3.3	 Date of Termination. The “Date of Termination” shall mean (a) if the Executive’s employment
is terminated by the Corporation without Cause or by the Executive for Good Reason, the date specified in the Notice of Termination (which, in the case of termination by the Executive for Good Reason, shall be not more than sixty (60) days
following the date such Notice of Termination is given), or (b) if the Executive’s employment is terminated by the Corporation for Cause, the date on which the Board resolution referenced in Section 2.2 is delivered to the Executive.

  

	3.4	 Notice Required. For the purposes of this Agreement, any purported termination of the Executive’s employment
which is not effected pursuant to a Notice of Termination satisfying the requirements of Section 3.2 hereof shall not be effective. 

  

	4.0	 Compensation and Benefits following Change in Control 

Upon the termination of the Executive’s employment by the Corporation without Cause or by the Executive for Good Reason, in accordance with the
terms of this Agreement, in each case, on or after the Effective Date and prior to the end of the Term, the Corporation shall cause to be provided to the Executive, the following payments and benefits: 

 

	 	(a)	 Accrued Obligations. The Corporation shall pay the Executive, in cash, in a lump sum, on the thirtieth (30th) day following the Date of Termination (the “Payment Date”), the sum of (i) the Executive’s full base salary through the Date of Termination at the rate in effect at the
time the Notice of Termination is given (disregarding any reduction thereto that constitutes Good Reason), (ii) all accrued but unused vacation determined as of the Date of Termination, determined based upon the Executive’s Severance Salary
Rate (as defined below) and the Corporation’s vacation policy in effect on the Date of Termination (or, if more favorable to the Executive, the vacation policy in effect as of immediately prior to the Effective Date), (iii) the Executive’s
annual bonus for the fiscal year immediately preceding the fiscal year in which the Date of Termination occurs, if such bonus has been determined but not paid as of the Date of Termination, and (iv) the Executive’s business expenses that
are reimbursable pursuant to the applicable policy of the Corporation as in effect on the Date of Termination but have not been reimbursed by the Corporation as of the Date of Termination. 

 

	 	(b)	 Severance Payment, Severance Period and Severance Salary Rate. The Corporation shall pay to the Executive, on
account of both compensation in lieu of notice and loss of office, on the Payment Date, in cash, in a lump sum, on the Payment Date, a severance payment (the “Severance Payment”) equal to the amount of base salary the Executive
would have 

  
 Page 6 

	 	 
earned had he continued to be employed until the end of the twenty-fourth (24th) full calendar month following the Date of Termination (the
“Severance Period”) assuming that the Executive’s rate of monthly base salary during the Severance Period would be equal to the highest monthly rate of base salary which was payable to the Executive by the Corporation or an
Affiliate during the twenty-four (24)-month period immediately preceding the Date of Termination (disregarding any reduction thereto that constitutes Good Reason) (the “Severance Salary Rate”). 

 

	 	(c)	 Annual Incentive Plans. The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date,
a payment equal to: (i) two times the average of the annual bonuses paid to the Executive by the Corporation in respect of the three complete fiscal years of the Corporation immediately preceding the Effective Date (or, for any such complete
fiscal year for which the Executive was not paid an annual bonus, the Executive’s target bonus as in effect immediately prior to the Effective Date) (the “Average Bonus”), plus (ii) if the Date of Termination is not the
last day of a fiscal year, a prorated bonus payment equal to the Average Bonus multiplied by a fraction, the numerator of which is the number of days which have elapsed in the fiscal year in which the Date of Termination occurs and the denominator
of which is the total number of days in such fiscal year. 

  

	 	(d)	 Retirement and Investment Plans. The Corporation shall pay the Executive, in cash, in a lump sum, on the Payment
Date, a payment equal to the maximum contribution that the Corporation or a subsidiary thereof would have been required to make on behalf of the Executive to the Corporation’s retirement or investment plans in which the Executive participates
as of immediately prior to the Effective Date (other than any amount covered by Section 4.0(e)) if the Executive had remained fully employed during the Severance Period and elected to have the Corporation or a subsidiary thereof match the
Executive’s contributions to such plans, determined as if the Executive continued to make contributions to such plans at a rate equal to the contributions actually made by the Executive under such plans in the last complete calendar year
immediately preceding the Date of Termination. 

  

	 	(e)	 Pension Benefits. In addition to the benefits which the Executive is entitled under any pension or retirement
plan or arrangement established by the Corporation, the Corporation shall pay to the Executive the maximum contribution that the Corporation would have been required to make on behalf of the Executive under Encana Corporation Canadian Pension Plan
and the Encana Corporation Canadian Supplemental Defined Contribution Savings Plan at the percentage of salary specified therein in respect to the Severance Period based on: 

 

	 	(i)	 The Executive’s annual base salary (using the Severance Salary Rate) if she were fully employed until the end of
the 24th calendar month following the Date of Termination; and 

  

	 	(ii)	 The lesser of the Average Bonus and 40% of the amount of the annual base salary the Executive would have earned (using
the Severance Salary Rate) had 

  
 Page 7 

	 	 
she continued to be employed until the end of the 24th calendar month following the Date of Termination. 

This payment will be made to the Executive in a lump sum on the Payment Date. 

 

	 	(f)	 Equity Awards. Each outstanding equity and equity-based compensation award granted by the Corporation to the
Executive shall be treated in accordance with the terms of the plan and award agreement under which it was originally granted. 

  

	 	(g)	 Insurance Benefits. The Corporation shall continue to provide the Executive with the same level of life,
disability, accident, dental and health insurance benefits the Executive was receiving or entitled to receive from the Corporation immediately prior to the Date of Termination until the end of the Severance Period. The contributions or premiums
required to be paid by the Executive under such programs shall be payable by the Executive to the Corporation or to the insurer, as applicable, on the same basis as if the Executive continued to be employed during the Severance Period.

  

	 	(h)	 Career Counselling. At the Executive’s request, the Corporation shall provide the Executive with career
counselling services, at a maximum cost to the Corporation of $15,000 per annum, until the Executive obtains subsequent employment or establishes the Executive’s own business activity or the end of the Severance Period, whichever is earliest.
The Executive shall be entitled to obtain such services from the recognized professional career counselling firm of the Executive’s choice in the major metropolitan area in or nearest to where the Executive resides at the time the Executive
begins to use such services. 

  

	 	(i)	 Annual Allowance. The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an
amount equal to two times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date). 

 

	 	(j)	 Financial Counselling. The Corporation shall, during the Severance Period, continue to provide the Executive with
the same financial counselling benefits as those to which the Executive was entitled as of immediately prior to the Date of Termination (or, if more favorable to the Executive, as of immediately prior to the Effective Date). Such services shall be
provided throughout the Severance Period, including the preparation of the Executive’s tax return(s) for the tax year during which the Severance Period ends. 

 

	 	(k)	 Executive Medical. The Corporation shall continue to provide the Executive with the same executive physical
examination benefits as those to which the Executive was entitled as of immediately prior to the Date of Termination (or, if more favorable to the Executive, as of immediately prior to the Effective Date). Such benefits shall be provided for the
duration of the Severance Period. 

  

	 	(l)	 Professional Membership Fees. The Corporation shall pay the Executive, in cash, in a lump sum, on the Payment
Date, an after-tax amount equal to two times the amount reimbursed or paid by the Corporation (separate from the annual allowance) in respect of membership fees for membership in professional organizations
related to the Executive’s 

  
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position and duties with the Corporation for the year preceding the year in which the Date of Termination occurs (or, if greater, preceding the year in which the Effective Date occurs).

  

	5.0	 Legal Fees and Expenses 

The Corporation shall pay the Executive’s actual legal or professional fees and expenses incurred by the Executive in seeking to
obtain or enforce any right or benefit provided by this Agreement up to US$100,000 (and, if a court or other tribunal finds in favor of the Executive, any such fees or expenses that are in excess of US$100,000). Such fees or expenses shall be
reimbursed by the Corporation reasonably promptly following receipt of a copy of any invoice from the Executive evidencing the payment by the Executive of such fees or expenses. If such fees or expenses are paid in Canadian dollars, the application
of the US$100,000 cap under this Section 5.0 shall be applied by converting the reimbursed amounts to U.S. dollars based on the spot exchange rate at the time of the reimbursement. 

 

	6.0	 Entire Agreement 

 

	6.1	 This Agreement constitutes the entire agreement between the Parties hereto concerning change in control benefits and
obligations and supersedes all prior agreements or understandings, including the Prior Agreement, except that each outstanding equity and equity-based compensation award granted by the Corporation to the Executive shall be treated in accordance with
the terms of the plan and award agreement under which it was granted, including any such terms that relate to change in control benefits. 

  

	7.0	 Successors; Binding Agreement 

 

	7.1	 Assumption by Successors. The Corporation will require any successor (whether direct or indirect, and whether by
purchase, merger, consolidation or otherwise) to (a) all or substantially all of the business and/or assets of the Corporation in a transaction that constitutes a Change in Control, or (b) on or after the Effective Date and prior to the
end of the Term, to the business in connection with which the Executive’s services are principally performed after a Change in Control in circumstances where the Executive’s employment is transferred to such successor, to expressly assume
and to agree to perform this Agreement in the same manner and to the same extent as the Corporation, as if no such succession had taken place. Failure of the Corporation to obtain such assumption and agreement prior to the effectiveness of any such
succession shall constitute Good Reason for purposes of this Agreement. As used in this Agreement, “Corporation” shall mean the Corporation as defined herein and any successor to its business and/or assets as aforesaid which assumes and
agrees to perform this Agreement by operation of law, or otherwise. 

  

	7.2	 Assignment; Binding Agreement. 

 

	 	(a)	 This Agreement is personal to the Executive, and, without the prior written consent of the Corporation, shall not be
assignable by the Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive and the Executive’s legal representatives and, and if the Executive should die while any amount remains due to the Executive under
this Agreement, such amount shall be paid in accordance with the terms of this Agreement to the Executive’s legatee, if there is no such legatee, to the Executive’s estate. 

  
 Page 9 

	 	(b)	 Except as provided in Section 7.1, without the prior written consent of the Executive, this Agreement shall not be
assignable by the Corporation. This Agreement shall inure to the benefit of and be binding upon the Corporation and its successors and permitted assigns. 

  

	8.0	 Notices 

  

	8.1	 Notices. For purposes of this Agreement, notices and all other communications provided for in this Agreement
shall be in writing and shall be deemed to have been duly given (a) when hand delivered, (b) upon confirmation of receipt when sent by facsimile or email, or (c) on the third business day after having been sent by registered mail,
postage prepaid, as follows: 

 If to the Corporation: 

Encana Corporation 

500 Centre Street S.E. 

Calgary, Alberta 
 T2P
2S5 
 Attention: Executive Vice-President & General Counsel 

Facsimile: (403) 645-4617 

If to the Executive: 

At the Executive’s most recent address, facsimile number, or email address, as applicable, on file with the Corporation. 

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

	9.0	 Section 409A Compliance 

 

	9.1	 To the extent that Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”)
(together with any related regulations or other guidance promulgated by the U.S. Department of the Treasury or the Internal Revenue Service, “Section 409A”) is applicable to the Executive, this Agreement and any
payment, distribution or other benefit hereunder is intended to comply with the requirements of Section 409A or an applicable exemption or exclusion therefrom, and shall be interpreted and administered in accordance with such intent in all
respects; provided, that for the avoidance of doubt, this provision shall not be construed to require a gross-up payment in respect of any taxes, interest or penalties imposed on Executive as a result
of Section 409A. 

  

	9.2	 To the extent Section 409A is applicable to the Executive: 

 

	 	(a)	 The Executive shall not be deemed to have terminated employment for purposes of any payment or benefit under this
Agreement that constitutes non-qualified deferred compensation unless and until a separation from service (within the meaning of Treasury Regulation
Section 1.409A-1(h)) has occurred. If the Executive is a “specified employee” under Section 409A, no payment, distribution or other benefit provided pursuant to this Agreement constituting non-qualified deferred compensation (within the meaning of Treasury Regulation Section 1.409A-1(b)) that is required to be delayed to comply with

  
 Page 10 

	 	 
Section 409A(a)(2)(B)(i) shall be provided before the date that is six months after the date of the Executive’s separation from service (or, if earlier than the end of such six-month period, the date of death of the specified employee). Any payment, distribution or other benefit that is delayed pursuant to the prior sentence shall be paid on the first business day following the six-month anniversary of the separation from service. 

  

	 	(b)	 In no event may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this
Agreement. 

  

	 	(c)	 Each payment under this Agreement shall be treated as a separate payment for purposes of Section 409A.

  

	 	(d)	 All reimbursements and in-kind benefits provided under this Agreement shall be
made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the
amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind
benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made not later than the last day of the Executive’s taxable year following the taxable year in which such expense was incurred, and
(iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. Notwithstanding anything in this Agreement to the contrary, with respect to payment of
legal fees and expenses pursuant to Section 5.0 hereof, if the court or other tribunal has not yet found in favor or against the Executive prior to the last day of the Executive’s taxable year following the taxable year in which such fees
and expenses were incurred, such fees and expenses will be paid on the last day of such taxable year following the taxable year in which such fees and expenses were incurred. If such court or other tribunal does not ultimately find in favor of the
Executive, the Executive will repay to the Corporation as soon as practicable, but in no event more than ninety (90) days after the court or other tribunal renders its ruling, any amounts paid or reimbursed pursuant to the prior sentence that
would not have been paid or reimbursed pursuant to Section 5.0 but for the prior sentence. 

  

	10.0	 Reduction of Certain Payments. This Section 10.0 shall apply to the Executive only if and to
the extent that Section 4999 of the Code is applicable to the Executive. 

  

	10.1	 Anything in this Agreement to the contrary notwithstanding, if the Accounting Firm (as defined below) shall determine
that receipt of all Payments (as defined below) of the Executive would subject the Executive to the Excise Tax (as defined below), the Accounting Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Agreement
(the “Agreement Payments”) so that the Parachute Value (as defined below) of all Payments, in the aggregate, equals the Safe Harbor Amount (as defined below). The Agreement Payments shall be so reduced only if the Accounting Firm
determines that the Executive would have a greater Net After-Tax Receipt (as defined below) of aggregate Payments if the Agreement Payments were so reduced. If the Accounting Firm determines that the Executive
would not have a greater Net After-Tax Receipt of aggregate Payments if the Agreement Payments were so reduced, the Executive shall receive all Agreement Payments to which the Executive is entitled hereunder.

  
 Page 11 

	10.2	 If the Accounting Firm determines that aggregate Agreement Payments should be reduced so that the Parachute Value of all
Payments, in the aggregate, equals the Safe Harbor Amount, the Corporation shall promptly give the Executive notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this
Section 10.0 shall be binding upon the Corporation, its Affiliates and the Executive. All reasonable fees and expenses of the Accounting Firm shall be borne solely by the Corporation. For purposes of reducing the Agreement Payments so that the
Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount, only amounts payable under the Agreement (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by
reducing the Agreement Payments that have a Parachute Value in the following order: first, non-cash benefits that do not constitute non-qualified deferred compensation,
second, cash benefits that constitute non-qualified deferred compensation, third, non-cash benefits that constitute non-qualified
deferred compensation, and fourth, cash benefits that constitute non-qualified deferred compensation, with benefits within each category reduced in reverse chronological order beginning with those that are to
be paid or provided the farthest in time from the Date of Termination, based on the Accounting Firm’s determination. 

  

	10.3	 To the extent requested by the Executive, the Corporation and its Affiliates shall cooperate with the Executive in good
faith in valuing, and the Accounting Firm shall take into account the value of, services provided or to be provided by the Executive (including, without limitation, the Executive’s agreeing to refrain from performing services pursuant to a
covenant not to compete or similar covenant, before, on or after the date of a change in ownership or control of the Corporation (within the meaning of Q&A-2(b) of the final regulations under
Section 280G of the Code)), such that payments in respect of such services may be considered reasonable compensation within the meaning of Q&A-9 and Q&A-40
to Q&A-44 of the Treasury Regulations under Section 280G of the Code and/or exempt from the definition of the term “parachute payment” within the meaning of
Q&A-2(a) of the Treasury Regulations under Section 280G of the Code in accordance with Q&A-5(a) of the Treasury Regulations under Section 280G of the
Code. 

  

	10.4	 The following terms shall have the following meanings for purposes of this Section 9.0: 

 

	 	(a)	 “Accounting Firm” shall mean a nationally recognized certified public accounting firm or other
professional organization that is a certified public accounting firm recognized as an expert in determinations and calculations for purposes of Section 280G of the Code that is selected by the Corporation prior to a Change in Control for
purposes of making the applicable determinations hereunder. 

  

	 	(b)	 “Excise Tax” means any excise tax imposed under Section 4999 of the Code. 

 

	 	(c)	 “Net After-Tax Receipt” shall mean the present value (as
determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Payment net of all taxes imposed on the Executive with respect thereto under Sections 1 and 4999 of the Code and under applicable state and local laws,
determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to the Executive’s taxable income for the immediately preceding taxable year, or such other rate(s) as the Accounting
Firm determines to be likely to apply to the Executive in the relevant tax year(s). 

  
 Page 12 

	 	(d)	 “Parachute Value” of a Payment shall mean the present value as of the date of the change in control for
purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2) of the Code, as determined by the Accounting Firm for purposes of determining whether and to what
extent the Excise Tax will apply to such Payment. 

  

	 	(e)	 “Payment” shall mean any payment or distribution in the nature of compensation (within the meaning of
Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise. 

  

	 	(f)	 “Safe Harbor Amount” shall mean the maximum Parachute Value of all Payments that the Executive can
receive without any Payments being subject to the Excise Tax. 

  

	11.0	 Miscellaneous 

  

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

  

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

  

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

 

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

  

	11.5	 Currency. All amounts due under this Agreement shall be paid calculated and paid in the currency in which the
Executive’s base salary is paid as of immediately prior to the Date of Termination. 

  

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

  

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

  
 Page 13 

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

  

	12.0	 Survivorship 

Upon the expiration or other termination of this Agreement or the Executive’s employment, the respective rights and obligations of the Parties
shall survive to the extent necessary to carry out the intentions of the Parties under this Agreement. 

  
 Page 14 

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

					
	 ENCANA CORPORATION
	 	
			
	 Per:    
	 	/s/ Douglas J. Suttles	 	
			
		 	Name: Douglas J. Suttles	 	
		 	Title: President & Chief Executive Officer	 	
			
	 Per:
	 	/s/ Nancy L. Brennan	 	
			
		 	Name: Nancy L. Brennan	 	
		 	Title: Corporate Secretary	 	
		
	 SHERRI A. BRILLON
	 	
		
	 /s/ Sherri A. Brillon 
	 	
		
	 Sherri A. Brillon

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