SEC Contract Filing

Filing Date: 2018-02-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>15
<FILENAME>a1012-enbridgeincincentive.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
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<div><a name="s4D149CB5F19EECC090E71E918EFC8BD0"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:12px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT 10.12</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ENBRIDGE INC.</font></div><div style="line-height:136%;padding-bottom:24px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">INCENTIVE STOCK OPTION PLAN (2007), as revised</font></div><div><a name="sFD4AE7A19A25939C4EDB1E918F2D93F2"></a></div><div style="line-height:135%;padding-bottom:12px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PURPOSE</font></div><div style="line-height:135%;padding-bottom:12px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The purpose of the Incentive Stock Option Plan (2007) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">focus Participants on the share price appreciation in alignment with the long-term focus of the Corporation;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">assist in attracting, retaining, engaging and rewarding Participants, including officers, of the Corporation and its Subsidiaries; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">provide an opportunity for Participants to earn competitive total compensation.</font></div></td></tr></table><div><a name="s37C80EEC17C196869AE11E918F4E20A8"></a></div><div style="line-height:135%;padding-bottom:12px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">DEFINED TERMS</font></div><div style="line-height:135%;padding-bottom:12px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In this Plan (including any schedules to this Plan):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;affiliate&#8221;</font><font style="font-family:inherit;font-size:12pt;">&#32;has the meaning ascribed to that term in the Securities Act (Alberta); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;associate&#8221;</font><font style="font-family:inherit;font-size:12pt;">&#32;has the meaning ascribed to that term in the Securities Act (Alberta); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:left;font-size:12pt;"><font style="font-family:inherit;fo