Enbridge formalizes CEO employment agreement with Gregory L. Ebel; severance and restrictive covenants detailed

ENBRIDGE INC

Employment agreement with Gregory L. Ebel as President and CEO effective January 1, 2023.
Severance: 2x (salary + avg of prior 2 years STI) lump sum, plus pro-rated STI and pension supplement for 2 years.
Additional benefits: $30,000 career counseling, cash for unvested stock options exceeding exercise price.
Restrictive covenants: perpetual confidentiality, 1-year non-compete/non-solicit, 2-year non-recruit.
Payments conditional on execution of release; agreement filed as Exhibit 10.1.

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