Document:

EX-10.30

 Exhibit 10.30 

Encana Corporation Canadian Supplemental Pension Plan 

Amended and Restated effective April 1, 2015 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
	  	Page i

  

							
	Table of Contents	  	Page	 
			
	Article 1	  	 Definitions
	  	 	1	  
			
	Article 2	  	 Establishment of Supplemental Plan
	  	 	4	  
			
	Article 3	  	 Eligibility and Participation
	  	 	5	  
			
	Article 4	  	 Funding and Investments
	  	 	6	  
			
	Article 5	  	 Administration
	  	 	9	  
			
	Article 6	  	 Amendment or Termination
	  	 	12	  
			
	Article 7	  	 General Conditions
	  	 	15	  
			
	Article 8	  	 DB Retirement Benefits
	  	 	18	  
			
	Article 9	  	 DB Death Benefits
	  	 	19	  
			
	Article 10	  	 DB Termination Benefits
	  	 	20	  
			
	Article 11	  	 Cost-of-Living
Adjustments
	  	 	21	  
			
	Appendix A	  	 Temporary Enhancement for Certain Retiring DC Participants
	  			
			
	Schedule A	  	 Schedule of Individual Pension Agreements
	  			

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 1	Definitions 

 For the purposes of the Supplemental Plan, each capitalized term shall have the same
meaning as the corresponding term under the Pension Plan, unless the capitalized term is defined below, in which case the definition below shall take precedence. 
  

	1.01	“Actuarial Equivalent Value” means a value, actuarially equivalent to the comparator, as determined by the Company after consultation with the Actuary. The sex of the Participant, Designated Beneficiary
and/or Spouse, as applicable, shall not be taken into account in determining the Actuarial Equivalent Value. Unless otherwise determined by the Company, the non-registered status of the Supplemental Plan and
of the benefits payable hereunder shall also not be taken into account in determining the Actuarial Equivalent Value. 

  

	1.02	“Commuted Value” means the lump sum Actuarial Equivalent Value of a benefit, calculated using the actuarial basis currently applicable to benefits payable under the Pension Plan. 

 

	1.03	“Company” means Encana Corporation and any affiliated or subsidiary company or any partnership which is majority owned by Encana Corporation, its affiliated and subsidiary companies, or any of them, and
which is designated as a participating company or partnership by the Company. Notwithstanding the foregoing, where any reference in the Supplemental Plan is made to any action to be taken, consent, approval or opinion to be given, discretion or
decision to be exercised by the Company, “Company” means Encana Corporation acting through the Board of Directors or any person duly authorized by the Board of Directors for the purposes of the Supplemental Plan. 

 

	1.04	“Fund” means the corpus, including the refundable tax remitted pursuant to the Supplemental Plan Revenue Rules and not yet refunded, and all earnings, appreciations or additions thereon, established for
purposes of the Supplemental Plan under the Supplemental Plan Revenue Rules pertaining to retirement compensation arrangements and held by the Funding Agency under the Funding Agreement. 

 

	1.05	“Funding Agency” means the trustee, or successor thereof, appointed by the Company to hold the Fund pursuant to the Funding Agreement. 

 

	1.06	“Funding Agreement” means the agreement entered into by the Company and the Funding Agency establishing and maintaining the Fund, and amendments thereto. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	1.07	“Maximum Pension Provisions” means the provisions of the Pension Plan which limit the DB Pension Benefits provided under the Pension Plan to a DB Participant to the maximum amount of pension or maximum
period of accrual from time to time permitted under the Pension Plan Revenue Rules. Notwithstanding the foregoing, neither subsection 2.8.2(c) nor Section 2.9.2 of the Pension Plan shall be considered to be one of the “Maximum Pension
Provisions” and, for greater certainty, the Supplemental Plan shall not hold a DB Participant harmless from the operation of such provisions. 

  

	1.08	“Participant” means an Employee entitled to benefits or rights under the Supplemental Plan, or a living former employee of the Company or of a predecessor company who continues to be entitled to
benefits under the Supplemental Plan. 

  

	1.09	“Pension Plan” means the Encana Corporation Canadian Pension Plan established with effect from January 1, 2003 including any changes, amendments or modifications thereto which have been made or
which may from time to time be made by the Company. 

  

	1.10	“Pension Plan Revenue Rules” means the provisions of the Income Tax Act (Canada), and any relevant regulations thereto, as may be amended from time to time, pertaining to pension plans or funds
registered under the Income Tax Act (Canada) as they may be applicable to the Pension Plan 

  

	1.11	“Predecessor Arrangements” means the Supplemental Pension Plan for Employees of PanCanadian Energy Corporation, all individual pension agreements between the Company and certain current and former
executives of the Company and all unfunded pension commitments made to certain former executives of the former Conwest Exploration Company Ltd. in effect immediately prior to January 1, 2011, identified in Schedule A. 

 

	1.12	“Supplemental Plan” means this Encana Corporation Canadian Supplemental Pension Plan established with effect from January 1, 2003, including any changes, amendments or modifications thereto which
have been made or which may from time to time be made by the Company. 

  

	1.13	“Supplemental Plan Revenue Rules” means the provisions of the Income Tax Act (Canada), and any relevant regulations thereto, as may be amended from time to time, pertaining to retirement compensation
arrangements registered under the Income Tax Act (Canada) as they may be applicable to the Supplemental Plan 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	1.14	“Vesting Date” means the vesting date of the Participant determined in accordance with the Pension Plan or, if applicable, an earlier vesting date specified in the individual pension agreement between
the Participant and the Company. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 2	Establishment of Supplemental Plan 

  

	2.01	Effective January 1, 2003, the Supplementary Retirement Benefit Plan for Employees of Alberta Energy Company Ltd. was amended, restated and renamed as the Encana Corporation Canadian Supplemental Pension Plan.
Subject to subsection 2.02(b), also effective January 1, 2003, the Predecessor Arrangements were superseded and merged into the Supplemental Plan 

  

					
	2.02	    	(a)	    	Subject to subsection (b), the liabilities of all the Predecessor Arrangements have been merged into the Supplemental Plan.
			
		    	(b)	    	Notwithstanding Section 2.01 and subsection (a), the Supplemental Plan neither assumes nor continues the liability for defined contribution entitlements under the Supplemental Pension Plan for Employees of PanCanadian Energy
Corporation settled by lump sum payments to the participants thereunder.
			
		    	(c)	    	For greater certainty, all other entitlements in respect of participants who retired, died or terminated employment under the provisions of the Predecessor Arrangements are continued under the Supplemental Plan. The provisions of
the Supplemental Plan shall not alter these continuing entitlements except as may be provided in Articles 1 through 7.

  

	2.03	Subject to Section 2.02(b), nothing in the Supplemental Plan shall have the effect of reducing the aggregate of the benefits provided to December 31, 2002 under the Predecessor Arrangements based on actual service
rendered and earnings paid to such date, including any ancillary benefit for which the participant thereunder had met, at such date, all the eligibility requirements under such Predecessor Arrangements. 

 

	2.04	The Supplemental Plan as contained herein shall be applicable to Participants who are Employees of the Company on or after January 1, 2011. Benefits in respect of a Participant whose employment ceased prior to
January 1, 2011 shall be determined in accordance with the terms of the Supplemental Plan at the time of such cessation of employment except as may be specifically provided herein. 

 

	2.05	The Supplemental Plan is intended to be a retirement compensation arrangement under the Supplemental Plan Revenue Rules. 

  

	2.06	The Supplemental Plan is intended to be exempt from provincial and federal pension legislation. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 3	Eligibility and Participation 

  

	3.01	Each person entitled to benefits under the Predecessor Arrangements, excluding the persons for which defined contribution entitlements were previously settled as described in subsection 2.02(b), shall become a
Participant under the Supplemental Plan. 

  

	3.02	Each DB Participant, not otherwise a Participant in accordance with Section 3.01, shall become a Participant if: 

  

	 	(a)	his DB Pension Benefits under the Pension Plan are limited by the Maximum Pension Provisions; or 

  

	 	(b)	his individual pension agreement with the Company entitles him to pension benefits in excess of his DB Pension Benefits under the Pension Plan. 

 

	3.03	Notwithstanding section 3.01, a DC Participant who, on December 31, 2002, participated in the Retirement Pension Plan for Employees of PanCanadian Energy Corporation, shall become a Participant under the
Supplemental Plan if he satisfies the conditions set forth in Appendix A. For greater certainty, a DC Participant who does not satisfy the conditions of this Section 3.03 shall not become a Participant. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 4	Funding and Investments 

  

	4.01	All assets of, and contributions to, the Supplemental Plan shall be held in the Fund and administered by the Funding Agency in accordance with the terms of the Funding Agreement. 

 

	4.02	A Participant shall neither be required nor permitted to make any contributions under the Supplemental Plan. 

  

	4.03	The Company shall have primary responsibility for the payment or reimbursement of all third party costs directly attributable to the administration of the Supplemental Plan but may direct that such costs be paid from
the Fund. 

  

	4.04	Effective April 1, 2015, the Company shall, in its sole and unfettered discretion, determine the amounts to be contributed to the Fund and the timing of any contributions to the Fund. 

 

	4.05	The Company shall require the Actuary to conduct an actuarial valuation in accordance with Section 4.05 not less frequently than every three years; provided, however, that nothing herein shall obligate the Company
to make contributions to the Fund. 

  

	4.06	When preparing an actuarial valuation, the Actuary shall calculate three measures of the Supplemental Plan liabilities: 

  

	 	(a)	the hypothetical going-concern funding liabilities of the Supplemental Plan, determined using the going-concern methods and assumptions adopted for the most recent funding valuation of the Pension Plan, but with the
assumed investment return rate reduced by the rate of refundable tax expected to be payable by the Fund taking into account the Fund’s investment policy; 

  

	 	(b)	the hypothetical solvency funding liabilities of the Supplemental Plan, determined using the solvency funding methods and assumptions adopted for the most recent funding valuation of the Pension Plan; and

  

	 	(c)	the pension obligation of the Supplemental Plan, determined using the best-estimate methods and assumptions adopted for corporate financial reporting purposes with respect to the Supplemental Plan. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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 For greater certainty: 

 

	 	(d)	the Supplemental Plan benefits payable in accordance with Appendix A shall be included in the actuarial valuation, but only in respect of DC Participants who have already retired as of the valuation date;

  

	 	(e)	no refundable tax adjustment shall be applied in calculating the liability measures pursuant to subsections (b) and (c); and 

  

	 	(f)	the Company expressly reserves the right to modify or discontinue any of the liability measures defined in subsections (a), (b) and (c) and to modify or discontinue its funding policy in relation thereto.

  

	4.07	The Company may from time to time make withdrawals from the Fund in such amount as it may determine, provided the assets of the Fund, including the value of any refundable tax remitted pursuant to the Supplemental Plan
Revenue Rules but not yet refunded, exceed the amount certified by the Actuary that, as of the date of withdrawal, is sufficient to settle all accrued benefits under the Supplemental Plan pursuant to Section 7.02. 

 

	4.08	The Company may direct, from time to time, that all or any of the benefits payable under the Supplemental Plan shall be paid by some means, at its absolute discretion, other than from the Fund. In the absence of such
direction, and provided that the assets of the Fund, including the refundable tax remitted pursuant to the Supplemental Plan Revenue Rules and not yet refunded, are sufficient, benefits provided hereunder shall be payable from the Fund.

  

	4.09	Provided that the Supplemental Plan has not been terminated, if the assets of the Fund, including the refundable tax remitted pursuant to the Supplemental Plan Revenue Rules and not yet refunded, are insufficient to
pay, when due, any benefit provided hereunder, such benefit shall be payable by the Company. For greater certainty, if the Supplemental Plan is terminated, the benefits then accrued under the Supplemental Plan shall be determined and payable in
accordance with the provisions of Section 6.03. 

  

	4.10	The Company shall direct the investment of the Fund, provided, however, that investment in Company securities is prohibited except as would be permitted under Pension Plan Revenue Rules and Applicable Pension Laws if
the Supplemental Plan were registered thereunder. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	4.11	No person shall have any interest in, nor right to, any part of the Fund except, and to the extent, provided in the Supplemental Plan. 

 

	4.12	The Company may remove the Funding Agency and upon such removal, or upon resignation of the Funding Agency, the Company shall appoint a successor Funding Agency. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 5	Administration 

  

	5.01	The Company shall have the sole responsibility for, and the sole control of, the Supplemental Plan’s operation and administration and shall have the power and duty to take all action and make all decisions and
interpretations which shall be necessary or appropriate in order to administer and carry out the provisions of the Supplemental Plan, including the power to make and enforce such rules and regulations as it may deem necessary, all of which shall be
conclusive and binding on Employees, Participants, Spouses and Designated Beneficiaries. 

  

	5.02	To the extent possible, the interpretation of the Supplemental Plan shall be consistent with the interpretation of the Pension Plan. 

 

	5.03	If the Company receives evidence which, in its absolute discretion, is satisfactory to it that a person entitled to receive a payment under the Supplemental Plan is a minor or is physically or mentally incompetent, the
Company may direct the payment to any representative, trustee, guardian, attorney or other person or persons entitled at law to receive the payment on the person’s behalf. Such payment shall be a complete discharge of the Company’s payment
obligation under the Supplemental Plan. 

  

					
	5.04	    	(a)	    	The Company shall provide, upon a request by a Participant entitled to benefits or rights hereunder or, following the death of such a Participant, upon a request of the Spouse or Designated Beneficiary, a copy of the Supplemental
Plan, and any amendments thereto, within a reasonable period of time.

  

	 	(b)	The Company shall provide, within a reasonable period of time, an explanation or summary of the Supplemental Plan and of any amendments to the Supplemental Plan to all Participants entitled to benefits or rights
hereunder. 

  

	 	(c)	A statement of the accrued benefits under the Supplemental Plan to or in respect of each Participant shall be provided at the same time as the corresponding statement of DB Pension Benefits is provided to Participants
in respect of the Pension Plan. 

  

	5.05	Notwithstanding any other provision of the Supplemental Plan, no amount shall be payable to or in respect of a Participant until such Participant, the Participant’s Spouse or Designated Beneficiary, as applicable,
has provided the Company with all information reasonably required, as determined by the Company, to determine and pay any amounts due under the Supplemental Plan and the Pension Plan. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	5.06	Matters in dispute between the parties in relation to this Supplemental Plan may be resolved by way of arbitration before an arbitration panel in accordance with the Alberta Arbitration Act. The arbitration panel shall
consist of a single arbitrator if the parties agree upon one. If the parties do not so agree, the arbitration panel shall consist of three arbitrators, one to be appointed by each party and a third to be chosen by the first two named. The decision
of the arbitration panel shall be binding upon the parties and their respective successors and assigns. The arbitration panel shall award costs in respect of an arbitration in its sole discretion. All decisions of the arbitration panel shall be
final and shall not be subject to an appeal. 

  

	5.07	The Board of Directors, Board Committee or any member thereof, or any duly authorized officer or employee of the Company shall not be liable to any person whatsoever for anything done or omitted to be done in respect of
the administration of the Supplemental Plan, the Fund, or any matter pertaining thereto, except where the act or omission was due to fraud, wilful misconduct or gross negligence on the part of the person against whom a claim is made.

  

	5.08	The Company shall indemnify and save harmless any director, officer or employee of the Company whose responsibilities or duties on behalf of the Company involve any aspect of the administration of the Supplemental Plan,
the Fund or any matter pertaining thereto, from personal liability, including all legal costs, fees and related expenses, in respect of their respective acts or omissions in respect of the administration of the Supplemental Plan, the Fund or any
matter pertaining thereto, except where the act or omission was due to fraud, wilful misconduct or gross negligence on the part of the director, officer or employee. 

 

	5.09	Whenever the records of the Company are used for the purposes of the Supplemental Plan, such records shall be conclusive of the facts with which they are concerned. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	5.10	In the absence of actual notice to the contrary, the Company shall authorize payment in accordance with information provided to the Company by the Participant. If there is a dispute as to whether a person is a Spouse,
Designated Beneficiary or other person entitled to payments hereunder, or where two or more persons make conflicting claims in respect of a benefit, or where a person makes a claim that is inconsistent with information provided by the Participant,
the Company shall take such steps or action it deems reasonable, including without limitation, obtaining court direction and none of the Board of Directors, the Company or any officer or employee thereof, the Supplemental Plan or the Fund shall be
held liable for any delays in payment of benefits hereunder or for any loss or damage of any nature whatsoever as a result of any such dispute or the Company’s steps, actions or decisions in respect of the resolution of same. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 6	Amendment or Termination 

  

	6.01	The Company retains the right to amend or modify or terminate the Supplemental Plan in whole or in part, at such time and from time to time, and in such manner and to such extent as it may deem advisable, provided that
no such amendment, modification or termination shall have the effect of reducing any benefit accrued to the date of the amendment, modification or termination under the Supplemental Plan by a Participant, Spouse or Designated Beneficiary based on
actual service rendered and earnings paid to the effective date of the amendment, except as provided for in accordance with Section 6.03 in the case of termination of the Supplemental Plan. For greater certainty, any action taken in accordance
with this Section may reduce any ancillary benefits as described in Applicable Pension Laws and as may otherwise be provided under the Supplemental Plan, unless the Participant affected has met all eligibility requirements under the Pension Plan
necessary to exercise the right to receive such ancillary benefits. 

  

	6.02	Any amendment or termination of the Supplemental Plan shall be made by: 

  

	 	(a)	the adoption of a resolution by the Board of Directors; or 

  

	 	(b)	the execution of a certificate by an officer of the Company duly authorized by resolution of the Board of Directors to amend or terminate the Supplemental Plan; or 

 

	 	(c)	if so empowered by the Board of Directors, and to the extent of such empowerment, the adoption of a resolution by a Board Committee. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	6.03	Termination Priorities  

 In the event the Supplemental Plan is terminated at any time,
each Participant shall be deemed to have attained his Vesting Date and the assets of the Fund shall be allocated to provide, to the extent of said assets, the benefits then accrued under the Supplemental Plan. Accrued benefits payable under the
Supplemental Plan shall be computed using the date the Participant ceases to accrue Continuous Service, if the Pension Plan is terminated at the same time, or using such other date as the Company, in its sole discretion, shall determine. Such
allocation of available assets shall be made in the following order of priority, after providing for the expenses of terminating the Supplemental Plan and the Fund: 
  

	 	(a)	firstly, to provide benefits to Participants, Spouses, Designated Beneficiaries, and other persons entitled to payments under the Supplemental Plan who are in receipt of benefits, or were entitled to receive benefits,
in respect of Continuous Service which was terminated prior to the effective date of termination of the Supplemental Plan in accordance with this Article 6; 

  

	 	(b)	secondly, after satisfying the requirements of subsection (a) above, to provide benefits to Participants who were eligible to retire in accordance with the provisions of the Pension Plan as at the effective date of
termination of the Supplemental Plan in accordance with this Article 6; 

  

	 	(c)	thirdly, after satisfying the requirements of subsections (a) and (b) above, to provide for the balance of benefits accrued by Participants in accordance with Section 10.03 of the Supplemental Plan;

  

	 	(d)	fourthly, in the event that any surplus remains after all benefits referred to in subsections (a), (b) and (c) above have been provided, such surplus shall be refunded to the Company; 

 

	 	(e)	notwithstanding subsection (d), in the event any surplus remains after all benefits referred to in subsections (a), (b) and (c) above have been provided, the Company may, in its sole discretion, direct that all or
a portion of such surplus be used to increase the benefits of Participants in an equitable manner determined by the Company after consultation with the Actuary; and 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	 	(f)	in the event that the amount of assets remaining to provide the benefits stipulated in any of the categories described in subsections (a), (b), and (c) above is not adequate to provide such benefits, the amount of
assets remaining for such category shall be allocated on a prorated basis to each Participant, Spouse, Designated Beneficiary, and other person entitled to payments under the Supplemental Plan, who is entitled to benefits under the category, as the
case may be, based on the Commuted Value of the benefits attributable to such Participants, Spouses, Designated Beneficiaries, and other persons entitled to payments under the Supplemental Plan. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
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	Article 7	General Conditions 

  

					
	7.01	    	(a)	    	The establishment and continuance of the Supplemental Plan shall not be deemed to constitute a contract of employment between the Company and any Employee or Participant and further, shall not be deemed to create any rights between
the Company and any person beyond those described and provided herein, including, but not limited to, any right or entitlement to non-pension retirement benefits.

  

	 	(b)	Nothing contained herein shall be deemed to give to an Employee or Participant the right to be retained in the service of the Company or to interfere with the right of the Company to terminate the employment of such
Employee at any time. 

  

	7.02	Notwithstanding any provision herein to the contrary, the Company may, in its sole discretion and at any time, elect to immediately settle, in whole or in part, the accrued benefits of any Participant, Spouse or
Designated Beneficiary under the Supplemental Plan. Settlement shall be by way of a lump sum payment to the Participant, Spouse or Designated Beneficiary. The amount of the lump sum payment shall be of Actuarial Equivalent Value to the benefits
accrued to the date of settlement under the Supplemental Plan by the Participant, Spouse or Designated Beneficiary based on actual service rendered and Earnings paid to the date of settlement. For greater certainty, such accrued benefits shall not
include any ancillary benefits as described in Applicable Pension Laws and as may otherwise be provided under the Supplemental Plan unless the Participant whose benefits are affected has met, or if deceased had met, all eligibility requirements
under the Pension Plan necessary to exercise the right to receive such ancillary benefits. Any such lump sum payment shall constitute a full discharge of the obligations of the Company, the Fund and the Supplemental Plan related to the amount so
paid. 

  

	7.03	All benefits to which a person is, or may become, entitled pursuant to the Supplemental Plan are for the support and maintenance of such person and may not in any manner, in whole or in part, be surrendered, assigned,
alienated, sold, transferred, pledged, hypothecated, encumbered or charged and, except as otherwise required by law, shall not be subject to attachment or otherwise by, or on behalf of, the creditors of such person. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	7.04	    	(a)	    	Notwithstanding Section 7.03, but subject to any applicable federal or provincial law, a benefit under the Supplemental Plan may:

  

	 	(i)	in the case of proceedings in respect of the division of matrimonial property, be assigned, pledged, charged, encumbered or alienated to satisfy a division of matrimonial property, pursuant to a written agreement,
decree, order or judgement of a competent tribunal; or 

  

	 	(ii)	in the case of proceedings in respect of support or maintenance, be subject to execution, seizure or attachment in satisfaction of an order for support or maintenance, pursuant to a decree, order or judgement of a
competent tribunal provided such execution, seizure or attachment is in respect only of benefits in pay. 

  

	 	(b)	The Participant’s benefit entitlements shall be reduced to account for the value of any settlement made under subsection (a). 

  

	7.05	When calculating the DB Pension Benefits actually payable under the Pension Plan for the purposes of Articles 8, 9 and 10: 

  

	 	(a)	the presence of a deficit in the Pension Plan shall not be considered to reduce the DB Pension Benefits actually payable and the Supplemental Plan shall not hold Participants harmless from such a deficit; and

  

	 	(b)	the distribution to Participants of a surplus in the Pension Plan shall be considered to be part of the DB Pension Benefits payable and may, in the Company’s sole discretion, reduce the Supplemental Plan benefits
otherwise payable, on an Actuarial Equivalent Value basis. 

  

	7.06	In the Supplemental Plan, references to the masculine include the feminine and vice versa; references to the singular include the plural and vice versa, as the context requires; and references to a subsection, Section,
Article or Appendix mean a subsection, Section, Article or Appendix of the Supplemental Plan. 

  

	7.07	If a Participant and his Spouse or Designated Beneficiary die at the same time or in circumstances rendering it uncertain which of them survived the other, the Participant shall be deemed, for the purposes of the
Supplemental Plan, to have survived the Spouse or Designated Beneficiary. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	7.08	All amounts payable under the Supplemental Plan are stated and shall be paid in the lawful currency of Canada. If an amount of benefit or earnings entering into the computation of any benefit or contribution hereunder
is expressed in a currency other than that of Canada, such amount shall be converted to Canadian currency prior to such computation based upon exchange rates established by the Company. 

 

	7.09	Headings wherever used herein are for reference purposes only, and do not limit or extend the meaning of any of the Supplemental Plan’s provisions. 

 

	7.10	All amounts payable under the Supplemental Plan shall be subject to such deductions and withholdings as may be required by law, including tax withholdings. 

 

	7.11	Each provision of the Supplemental Plan or part thereof is distinct and severable, and if any provision of the Supplemental Plan or part thereof 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. 

  

	7.12	This document, as it may be amended from time to time, constitutes the Supplemental Plan. No statement in any other document or communication shall create or confer any right or obligation other than as set out in this
document nor may any such document or communication be used or relied upon to interpret or vary any terms or provisions of the Supplemental Plan. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	Article 8	DB Retirement Benefits 

  

	8.01	Subject to Section 7.02, on each date that a DB Participant, his Spouse or Designated Beneficiary, or any person claiming through any of them, as the case may be, (the “Payee”) receives a payment of DB
Pension Benefits under the Pension Plan, the Company shall also make a payment to the Payee equal to the amount, if any, by which: 

  

	 	(a)	the amount of DB Pension Benefits on that date that would be payable under the Pension Plan to the Payee, calculated without application of the Maximum Pension Provisions, and taking into account the terms of any
individual pension agreement between the DB Participant and the Company; 

 exceeds: 

 

	 	(b)	the amount of DB Pension Benefits on that date actually payable to the Payee under the Pension Plan, taking into account the Maximum Pension Provisions. 

 

	8.02	Benefits payable under Predecessor Arrangements in respect of Participants who retired, died or terminated employment with the Company or a predecessor thereto prior to January 1, 2003 shall continue to be paid on
the same terms as provided in the Predecessor Arrangements, except that such benefits shall be paid from the Fund. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	Article 9	DB Death Benefits 

  

	9.01	Subject to Section 7.02, the death benefit payable under the Supplemental Plan, if any, on the death of a DB Participant prior to his actual retirement date shall be the lump sum amount by which: 

 

	 	(a)	the Commuted Value of the DB Pension Benefits that would be payable on death under the Pension Plan calculated without application of the Maximum Pension Provisions, and taking into account the terms of any individual
pension agreement between the DB Participant and the Company; 

 exceeds: 

 

	 	(b)	the Commuted Value of the DB Pension Benefits actually payable on death under the Pension Plan, taking into account the Maximum Pension Provisions. 

 

	9.02	The death benefit payable under Section 9.01 shall be payable to the same person who receives the death benefit actually payable under the Pension Plan. 

 

	9.03	The death benefit payable under the Predecessor Arrangements, if any, shall be as stated in the Predecessor Arrangements. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

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	Article 10	DB Termination Benefits 

  

	10.01	A DB Participant who terminates employment with the Company for any reason other than death or retirement prior to his Vesting Date shall not be entitled to any benefits under the Supplemental Plan. 

 

	10.02	A DB Participant who terminates employment with the Company for any reason other than death or retirement after his Vesting Date and elects to receive deferred DB Pension Benefits under the Pension Plan shall be
entitled to benefits under Article 8. 

  

	10.03	A DB Participant who terminates employment with the Company for any reason other than death or retirement after his Vesting Date and elects to transfer the Commuted Value of his deferred DB Pension Benefits that would
be payable under the Pension Plan shall be entitled to a lump sum payment equal to the amount, if any, by which: 

  

	 	(a)	the Commuted Value of the deferred DB Pension Benefits that would be payable under the Pension Plan to the DB Participant at his termination date, calculated without application of the Maximum Pension Provisions, and
taking into account the terms of any individual pension agreement between the DB Participant and the Company; 

 exceeds: 

 

	 	(b)	the Commuted Value of the DB Pension Benefits actually payable under the Pension Plan, taking into account the Maximum Pension Provisions. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
	  	Page 21

  

	Article 11	Cost-of-Living Adjustments 

  

	11.01	The Company may, at its sole discretion, from time to time increase the amount of any retirement income benefit payable to or in respect of a DB Participant under the Supplemental Plan. 

 

	11.02	Any ad hoc adjustment made in accordance with Section 11.01 shall be payable in the same form as the basic benefit payable under the Supplemental Plan. 

 

	11.03	Notwithstanding any other provision of the Supplemental Plan, the Company may, at its sole discretion, from time to time offset from the amount of the retirement income benefit otherwise payable hereunder, or from any
ad hoc adjustment granted under Section 11.01, the amount of any ad hoc adjustment or other benefit improvements provided to the DB Participant from time to time under the Pension Plan following the commencement of retirement income under the
Pension Plan. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
	  	 Appendix A

Page A-1

  

 TEMPORARY ENHANCEMENT FOR CERTAIN RETIRING DC PARTICIPANTS 

 

	1.	Definition and Application 

  

	 	(a)	In this Appendix A, the following terms shall, unless the context clearly indicates otherwise, have the following meanings: 

  

	 	(i)	“Enhanced Supplemental DC Benefit” means the supplemental pension benefit determined in accordance with subsection 2 of this Appendix A. 

 

	 	(ii)	“PEC Plan” means the Retirement Pension Plan for Employees of PanCanadian Energy Corporation. 

  

	 	(iii)	“Transitional DC Participant” means a DC Participant who: 

  

	 	(A)	participated in the PEC Plan on December 31, 2002; 

  

	 	(B)	has attained age 55 but not age 60 prior to May 31, 2006; and 

  

	 	(C)	retires under Article 3.5 of the Pension Plan. 

  

	 	(b)	This Appendix A shall apply only to a Transitional DC Participant. 

  

	2.	Enhanced Supplemental DC Benefits 

 A Transitional DC Participant shall be entitled to
receive an Enhanced Supplemental DC Benefit equal to: 
  

					
	(a)	  	(i)	  	10%, if the DC Participant has completed 25 or more years of relevant service, as defined under the PEC Plan, as at the date of his retirement; or
			
		  	(ii)	  	8%, otherwise.

 times 
  

	 	(b)	the Transitional DC Participant’s annual rate of Earnings at the date of his retirement; 

times 
  

	 	(c)	the lesser of: 

  

	 	(i)	60 minus the age in years and months of such Transitional DC Participant at the date of his retirement; and 

  

	 	(ii)	the number of years and months from the date of his retirement until May 31, 2006, inclusive. 

			
	 Encana Corporation Canadian Supplemental Pension Plan

Amended and Restated effective April 1, 2015
	  	 Appendix A

Page A-2

  

	3.	Payment of Enhanced Supplemental DC Benefits 

  

	 	(a)	Upon the retirement of a Transitional DC Participant under the Pension Plan, the Transitional DC Participant’s Enhanced Supplemental DC Benefit shall be paid to him in equal monthly instalments commencing on the
last day of the month in which retirement occurs or is deemed to occur under the Pension Plan. The number of instalments made shall be 60, or such lesser number as the Transitional DC Participant may request and the Company may approve. The monthly
payments shall be calculated so as to be of Actuarial Equivalent Value to the Enhanced Supplemental DC Benefit as of the first day of the month coincident with or next following the date upon which the retirement occurs or is deemed to occur under
the Pension Plan. 

  

	 	(b)	If a Transitional DC Participant dies after the distribution of his Enhanced Supplemental DC Benefit has commenced, his Spouse or Designated Beneficiary, as applicable, shall be entitled to receive in a lump sum the
Actuarial Equivalent Value of the remaining instalments, determined using the same discount rate as was used to determine the original instalment amounts.EX-10.31

 Exhibit 10.31 

EnCana Corporation 

Canadian Investment Plan 

Effective September 1, 2002 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	

  
  

 Purpose of the Plan 

The EnCana Corporation Canadian Investment Plan has been established to provide Employees with an opportunity to save for short-term,
long-term and retirement savings objectives. In addition, the Plan provides an opportunity for Employees to participate in the future of the Company through share ownership. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	i

  
  

							
	Table of Contents	  	Page	 
	 Article I
	 	Definitions	  	 	1	  
			
	 Article II
	 	Establishment of the Plan	  	 	3	  
			
	 Article III
	 	Eligibility and Participation	  	 	3	  
			
	 Article IV
	 	Enrollment in the Plan	  	 	3	  
			
	 Article V
	 	Contributions to the Plan	  	 	4	  
			
	 Article VI
	 	Investment of Contributions	  	 	5	  
			
	 Article VII
	 	Withdrawals from the Plan	  	 	6	  
			
	 Article VIII
	 	Termination of Participation	  	 	7	  
			
	 Article lX
	 	Administration of the Plan	  	 	7	  
			
	 Article X
	 	Amendment or Termination of the Plan	  	 	8	  
			
	 Article XI
	 	General Conditions	  	 	8	  

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	1

  
  

 Article I Definitions 
  

	1.1	For the purposes of this Investment Plan each of the following capitalized terms shall have the meaning referred to below: 

“Board of Directors” means the Board of Directors of EnCana Corporation, as may be constituted from time to time. 

“Cash Account” means a cash account established specifically by the Trustee for certain Participants as provided
herein. 
 “Company” means EnCana Corporation and any affiliate or subsidiary company or any partnership which is wholly
owned by EnCana Corporation, its affiliates and/or subsidiary companies, or any of them, and which is designated as a participating company or partnership by the Company or is deemed to be a participating company under Revenue Rules. Notwithstanding
the foregoing, where any reference in the Plan is made to any action to be taken, consent, approval or opinion to be given, discretion or decision to be exercised by the Company, “Company” means EnCana Corporation acting through the Board
of Directors or any authorized committee, officer or delegate for the purposes of the Plan. 
 “Earnings” means the basic
periodic salary of the Participant, excluding, without limitation, any bonus or any other additional periodic or discretionary payment, long-term incentive compensation, living allowance, overtime payment, shift differential, payment in lieu
of vacation, contribution or premium paid by the Company in respect of any employee benefit or otherwise, honorarium, director’s fee, commission, or any other type of additional earnings of any nature whatsoever as may be determined by the
Company in its sole discretion. “Earnings” includes the portion of earnings with a foreign associate or affiliate of the Company recognized by the Company as basic periodic salary and, in which case, the Earnings are deemed to have been
received from the Company. 
 “Effective Date” means September 1, 2002. 

“Employee” means any person who is an employee of the Company, as determined by the Company in its sole discretion, excluding
a member of the Board of Directors who is not employed by the Company in another capacity.    Any person who is: 
  

	 	(a)	suffering from a physical or mental impairment that prevents the individual from performing the duties of the employment in which the person was engaged prior to the commencement of the impairment; 

 

	 	(b)	receiving a disability benefit from a Company-sponsored or government-sponsored disability insurance program; and 

  

	 	(c)	recognized by the Company as an employee 

 shall be deemed to be an Employee for the purposes of
this Plan only, subject to the terms herein. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	2

  
  

 “EnCana Share Account” means the account or other facility in which certain
contributions to the Plan which have been invested in common shares of the Company may be held, as described in Article 6.4. 

“EnCompass Benefits Program” means the benefits program for Canadian employees, as may be established and amended by the
Company from time to time. 
 “Fund” means the corpus and all earnings and/or additions thereon and thereto held by the
Trustee under the Trust Agreement. 
 “Leave of Absence” means a Company approved leave with or without pay depending on the
nature of the leave. 
 “Leave of Absence Policy” means the policy or practice which may be established and amended by the
Company from time to time in respect of leaves of absences by Employees, whether paid or unpaid. 
 “High Performance Results
Award” means the discretionary incentive payment which may be granted by the Company in its sole discretion to Employees under such short-term incentive program as may be established and amended by the Company from time to time. 

“Participant” means any Employee who fulfills the eligibility requirements set forth in Article III who enrolls in the Plan in
accordance with Article IV. 
 “Participant’s Accounts” means all cash, securities, mutual funds and other assets
derived from contributions by the Participant and from the Company pursuant to Article V and which are held, from time to time, by the Trustee under the Plan for the benefit of a Participant. These accounts will be comprised of an EnCana Share
Account (established as an Employee Profit Sharing Account), and may include, at the Participant’s direction, a Portfolio Non-Registered Retirement Savings Plan Account and a Portfolio Registered
Retirement Savings Plan Account. 
 “Plan” means the EnCana Corporation Canadian Investment Plan, established with effect
from September 1, 2002, including any amendments that may be made by the Company from time to time. 
 “Registered Retirement
Savings Plan” means an investment option qualified for such purposes under the Income Tax Act (Canada), as may be amended from time to time. 

“Retirement Plan” means the EnCana Corporation Canadian Pension Plan effective January 1, 2003, including any amendments
that may be made by the Company from time to time. 
 “Revenue Rules” means the provisions of the Income Tax Act
(Canada) and the rules and regulations adopted thereunder by the Minister of National Revenue, as may be amended from time to time. 

“Trustee” means the trustee, or successor thereof, appointed by the Company to hold the Fund pursuant to the terms and
conditions of the Trust Agreement. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	3

  
  

 “Trust Agreement” means the agreement or contract entered into between the
Company and the Trustee establishing and maintaining the Fund, including any amendments thereto, pursuant to which the Trustee shall administer the Plan. 

Article II Establishment of the Plan 
  

	2.1	Plan Commencement 

 This Plan shall be established effective September 1, 2002. 

 

	2.2	Components of the Plan 

 This Plan is comprised of an EnCana Share Account, a Portfolio Non-Registered Retirement Savings Plan Account and a Portfolio Registered Retirement Savings Plan Account; defined herein as the Participant’s Accounts. 

 

	Article III	Eligibility and Participation 

  

	3.1	Eligibility and Commencement  

 An Employee shall become eligible to become a Participant
of the Plan on the first day of the month coincident with or following his appointment as a permanent Employee. 
  

	3.2	Total and Permanent Disability 

 A Participant who is separated from employment by reason
of total and permanent disability as determined by the Company’s long term disability insurance carrier shall continue to be a Participant, but Employee and Company contributions shall cease.     

 

	3.3	Leave of Absence 

 A Participant on a Leave of Absence shall continue as a Participant
during such periods subject to such terms and conditions of the Leave of Absence Policy, or such other terms and conditions as may be approved and/or required by the Company from time to time. 

Article IV Enrollment in the Plan 
  

	4.1	Enrollment Procedure 

 To enroll as a Participant, an Employee must complete, sign and
deliver such enrollment forms and/or other documentation or complete such processes as may be required by the Trustee and/or the Company from time to time. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	4

  
  

 Article V Contributions to the Plan 

 

	5.1	Employee Contributions 

 A Participant may elect to contribute to the Plan in increments
of 1% of the Participant’s Earnings, up to a maximum of 25% of his Earnings. 
  

	5.2	Rate of Contributions 

 The Participant shall select his rate of contribution upon
enrollment in the Plan. Thereafter, Participant shall be entitled to increase or decrease such contribution rate in increments of 1% of Earnings, effective as of the first day of any subsequent month, provided the Participant provides such notice as
may be required by the Company and/or the Trustee from time to time.    Contributions shall be made by payroll deduction from the Participant’s Earnings unless there are sufficient flexible benefits credits generated as a
result of the Participant’s participation in the EnCompass Benefits Program. 
  

	5.3	Suspension of Contributions 

 A Participant may elect to suspend contributions, effective
the first day of the month following such election, at any time upon providing such notice as may be required by the Company and/or the Trustee from time to time. In such case, the Participant shall remain a Participant subject to the provisions of
Article VIII. The Participant may elect to recommence contributions at any time by providing such notice as may be required by the Company and/or the Trustee. Where the Participant so elects, contributions shall recommence effective the first day of
the month following the date of such election. 
  

	5.4	Participants on International Assignment 

 Due to legislative or other restrictions, the
contribution rate of Participants assigned by the Company to international locations may be restricted by the Company for the duration of such assignment, and the Company shall take such steps as necessary to comply with such restrictions in
accordance with Articles 6.5 and 9.6. 
  

	5.5	Contributions During Leave of Absence 

 A Participant granted an unpaid Leave of Absence
may elect to make contributions, in increments of 1% of Earnings, to a maximum of 25% of Earnings, for the duration of the leave, provided such contributions are permitted by the Company’s Leave of Absence Policy (as applicable) and the
Participant provides such notice as may be required by the Company and/or the Trustee from time to time including, where requested, advance payment for such contributions in such intervals and in such form(s) as may be required by the Company from
time to time. 
 A Participant granted a paid Leave of Absence shall be entitled to continue to make contributions for the duration of the
leave. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	5

  
  

	5.6	Company Contributions 

 The Company shall contribute to the Plan on behalf of each
Participant an amount equal to 100% of the Participant’s contribution under Article 5.1, up to a maximum of 5% of the Participant’s Earnings. If the credits generated through the EnCompass Benefits Program are insufficient to enable the
Participant’s contribution to be matched by the Company as provided herein, the remaining funds will be funded by payroll deduction from the Participant’s Earnings. 
  

	5.7	Corporate High Performance Awards 

 Subject to the attainment of specified annual
performance targets, as may be established and approved by the Company from time to time in its sole discretion, the Company may contribute a portion of the Participant’s High Performance Results Award to the Participant’s EnCana Share
Account. 
  

	5.8	Deposit of Contributions 

 All contributions by Participants and by the Company shall be
forwarded by the Company on a periodic basis to the Trustee for investment as described in Article VI. 
 Article VI Investment of Contributions

  

	6.1	Employee and Company Contributions 

 Upon enrollment in the Plan, the Participant shall
provide instructions to the Trustee as to the investment of his contributions by submitting such forms and/or completing such processes as may be required by the Trustee and/or the Company from time to time. The Participant may elect that his
contributions be invested in one or more of the registered or non-registered investment options offered by the Trustee from time to time. 

 

	6.2	Default Investment Option 

 Where the Participant fails to provide the Trustee with
investment instructions in accordance with Article 6.1, the Participant’s contributions shall be directed, provided an application form has been completed by the Participant, by the Trustee to an investment option as determined by the Company
from time to time until such time as investment instructions are provided by the Participant to the Trustee in accordance with Article 6.1. 

Where the Participant elects to direct their funds to the Portfolio Registered Retirement Savings Plan account, but fails to complete an
application form and/or such other documentation as may be required by the Trustee or the Company from time to time, the funds shall be directed, provided a Portfolio Non-Registered Retirement Savings Plan
account application form has been completed by the Participant, by the Trustee to an investment option as determined by the Company from time to time in the Portfolio Non-Registered Retirement Savings Plan
Account until such time as a Portfolio Registered Retirement Savings Plan account application form and/or other required documentation, completed by the Participant, has been received by the Trustee. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	6

  
  

	6.3	Change of Investments 

 A Participant may reallocate investments held in his
Participant’s Account(s) and/or change the investment direction for future contributions to his Participant’s Account(s) at any time, provided the Participant provides such notice as may be required by the Trustee from time to time. 

 

	6.4	EnCana Share Account 

 Company contributions and as necessary, Participant contributions
representing the Company match to a maximum of 5% of Earnings under Article 5.6, will be invested in common shares of the Company through the facility of a recognized stock exchange. 

 

	6.5	Designation of Contributions during International Assignment  

 Where legislative or
other restrictions limit the ability of a Participant and/or the Trustee in the holding and/or trading of investments, the Company, in its sole discretion, shall be entitled to take or to instruct the Trustee to take, as appropriate, such action as
the Company deems necessary to comply with applicable law and/or such restrictions, including but not limited to, directing the Trustee to transfer all or part of a Participant’s Accounts, as well as any of Participant’s subsequent
contributions, to a Cash Account. 
 Article VII Withdrawals from the Plan 

 

	7.1	Participant’s Account Withdrawal 

 A Participant may withdraw a portion or all of
his Participant Account upon providing such notice as may be required by the Trustee from time to time. Such withdrawal shall be subject to such withdrawal and/or transfer fees and/or other charges as may be prescribed by the Trustee from time to
time. 
  

	7.2	Form of Withdrawal 

  

	 	a)	Pursuant to Article 7.1, a Participant may withdraw Company shares in the EnCana Share Account in any combination of certificates or cash or, to the extent permitted by the Trustee, partial units or partial shares. The
cash payment, when so elected, shall be equal to the value of the units and shares realized upon the sale or disposition of such units or shares by the Trustee, subject to required settlement processes and fees. 

 

	 	b)	Pursuant to Article 7.1, a Participant may withdraw funds from his Portfolio Non-Registered Retirement Savings Account and/or Portfolio Registered Retirement Savings Plan Account.
In the case of withdrawals from the Portfolio Registered Retirement Savings Plan Account, the Trustee will withhold such tax as may be required by applicable law and/or other requirements. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	7

  
  

 Article VIII Termination of Participation 

 

	8.1	Retirement 

 A Participant who is retired pursuant to the provisions of the Retirement
Plan shall cease to be an Employee under the terms herein and shall effect a total withdrawal, in such form as he may elect, in accordance with Articles 7.1 and 7.2. 
  

	8.2	Death 

 In the event of the death of a Participant, there shall be paid to his named
beneficiary an amount as if a total withdrawal had been affected under Articles 7.1 and 7.2. If no beneficiary has been designated by the Participant, such payment shall be made to his estate. No payment shall be authorized in the case of the death
of a Participant until the appropriate documentation authorizing such distribution has been received by the Trustee and is in compliance with applicable laws and/or restrictions. 

 

	8.3	Termination of Employment 

 A Participant who ceases to be an Employee for any reason
other than death, disability or retirement shall effect a total withdrawal in such form as he may elect in accordance with Article 7.1 and 7.2. 
  

	8.4	Failure to Withdraw Funds 

 Where a Participant who ceases to be an Employee fails to
take such steps as necessary to withdraw his funds from his Participant Account, the Trustee shall, after a reasonable period, not less than ninety (90) days from the cessation of Participant’s employment, close the Participant’s
Account and disperse all remaining funds to the Participant. Remaining registered funds will be transferred by the Trustee into another registered retirement savings account. 

Article lX Administration of the Plan 
  

	9.1	Plan Administration 

 The Company shall be responsible for the general administration and
operation of the Plan and may, in its discretion, appoint an authorized delegate or delegates who shall be responsible for day-to-day administration thereof. 

 

	9.2	Plan Interpretation 

 The Company, or any authorized delegate(s) appointed pursuant to
Article 9.1 (as applicable), shall have the power to take all action and to make all decisions and interpretations which may be necessary or appropriate to administer and operate the Plan including, without limitation, in respect of eligibility,
periods of contributory participation, prescription of Company required forms and enforcement of such rules and regulations as it may deem necessary, and shall be entitled to waive any period of ineligibility in respect of any Participant. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	8

  
  

	9.3	Plan Assets 

 All assets of and contributions to the Plan shall be held in the Fund and
administered by the Trustee in accordance with the terms of the Trust Agreement. The Trustee shall not make any payment from the Plan in respect of any Participant’s Account except in accordance with the terms hereof and the Trust Agreement, as
applicable, as may be interpreted from time to time by the Company, acting reasonably. 
  

	9.4	Payment of Costs 

 Expenses pertaining to the normal administration of the Plan including
administration fees for the Trustee shall be paid by the Company. Investment management fees and transaction fees charged by the Trustee as specified in the Trust Agreement shall be paid by the Employee and charged by the Trustee against each
Participant Account or transaction proceeds. 
  

	9.5	Deductions from Payments 

 All amounts paid or payable under the Plan shall be subject to
deductions required by law including, without limitation, tax withholdings. 
  

	9.6	Primacy of Legislation 

 The Company shall administer the Plan in such a manner that, in
the event there is a conflict between the Plan and any applicable legislation, the applicable legislation shall govern. 
 Article X Amendment or
Termination of the Plan 
  

	10.1	Amendment and Termination Power 

 The Company expressly reserves the full power,
authority and right to amend, suspend or discontinue the Plan, in whole or in part, at any time. 
  

	10.2	Entitlement on Termination 

 In the event of termination of the Plan, each Participant
shall be entitled to receive such distribution of his holdings in the Plan as he would have received had he made a total withdrawal of contributions pursuant to Article VII hereof as of the date of such termination. 

Article XI General Conditions 
  

	11.1	Gender 

 Unless the context requires otherwise, reference in the Plan to male gender will
include the female gender and words implying the singular number may be construed to extend to and include the plural number. 

			
	 EnCana Corporation Canadian Investment Plan

Effective September 1, 2002
	  	9

  
  

	11.2	Severability 

 Each provision of the Plan or part thereof is distinct and severable, and
if any provision of the Plan or part thereof 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. 

 

	11.3	Headings 

 Headings wherever used herein are for reference purposes only and do not limit
or extend the meaning of any of the Plan’s provisions. 
  

	11.4	Governing Document 

 This document, as it may be amended from time to time, constitutes
the Plan. No statement in any other document or communication, whether or not such document or communication is required by applicable law or Revenue Rules, shall create or confer any right or obligation other than as set out in this document or
otherwise as required by applicable law or Revenue Rules, nor may any such document or communication be used or relied upon to interpret or vary any terms or provisions of the Plan. 

 

	11.5	Rights of Employees 

 The establishment and continuance of the Plan shall not constitute
nor be deemed to constitute a contract of employment between the Company and any Employee and further, nor shall it be deemed to enhance or create any rights or obligations between the Company and any Employee or other person, their estate or
personal representative beyond those described and provided herein. 
  

	11.6	No Personal Liability 

 Subject to applicable law, neither the Company, nor any
authorized officer(s) or delegate(s) for the purposes of the Plan, nor any director, officer or other employee of the Company shall be liable to any person whatsoever for anything done or omitted to be done in respect of the administration or
operation of the Plan, except where the act or omission was due to fraud, willful misconduct or gross negligence on the part of the person against whom a claim is made. 
  

	11.7	Jurisdiction 

 This Plan shall be governed by and interpreted in accordance with the laws
of the Province of Alberta or the laws of Canada (as applicable). Any proceedings, interpretation or claims of any nature in any way pertaining to the Plan shall be determined by the courts of the Province of Alberta.

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