Our stock trading policy applies to transactions in any securities that derive their value from our common stock or any of our debt securities. (dd) “Separation From Service” means a Participants’ separation from service within the meaning of section 409A of the Code. Prior to that time, he served as President of Union Gas Limited from January 2005 until January 2007, and Vice President, Investor & Shareholder Relations of Duke Energy Corporation from November 2002 until January 2005. All Eligible Persons are eligible to be designated by the Committee to receive an Award under the Plan. SECTION 3.1 No Rights to Awards or Continued Employment. Importantly, the Finance and Risk Committee provides oversight on environmental, health and safety issues affecting the company. You can share relevant news on your website,
If any Performance Target has been achieved, the Awards, determined for each Participant with reference to the Target Award that corresponds to the highest Performance Target achieved, for such Performance Period shall have been earned except that the Committee may reduce the amount of any Award to reflect the Committee’s assessment of the Participant’s individual performance, to reflect the failure of the Participant to remain in the continuous employ of the Corporation or its subsidiaries throughout the applicable Performance Period, or for any other reason. Those standards are as follows: We are furnishing this proxy statement in connection with the solicitation by our Board of Directors of proxies to be voted at our 2016 Annual Meeting of Shareholders. Annual targets in these areas are set to achieve incremental improvement in performance over prior years’ results. Interested parties also have the option to call into the discussion by dialing (888) 252-3715 in the United States or (706) 634-8942 outside the United States. The Board has determined that each member of the Compensation Committee is “independent” under the NYSE’s listing standards and the Company’s categorical standards for independence, a “non-employee director” under the Securities Exchange Act Rule 16b-3, and an “outside director” as defined in Section 162(m) of the Internal Revenue Code. Other executive officers are not allowed to initiate personal trips on corporate or chartered aircraft. Here you can find all the precise company and financial information behind what makes Spectra such a strong business and compelling investment case. As discussed above, for each goal, achievement of the threshold, target and maximum amounts would result in corresponding payout percentages of 50%, 100% and 200%, respectively, of the target level. myyear= mydate.getYear();

industry and topic, so you don't miss any important news The Corporate Governance Committee must then make recommendations to the Board with respect to the resignation, and the Board is required to make a decision on this recommendation and to disclose its decision-making process. As set forth in the policy, we file lobbying reports with the U.S. Congress, the Government of Canada, state and provincial agencies on a regular basis, disclosing information about lobbying activities. The EPS amount necessary to achieve the maximum payout was set at $1.45, or about 22% above the target, an earnings level that was judged to be possible if financial performance was far superior to our original expectation. 7.1. 3.1. Notwithstanding the foregoing, the Corporation shall have the right to implement or set aside funds in a grantor trust subject to the claims of the Corporation’s creditors to discharge its obligations under the Plan. Three key changes have been made to the 2016 long-term incentive program for our Named Executive Officers: Additionally, the Compensation Committee made no change to the Chief Executive Officer’s 2016 base pay or short-term and long-term incentive targets due to his target compensation being in line with the overall general industry survey data and in recognition of current industry market conditions. We have also set forth in the policy a detailed description of the public disclosure related to our lobbying activities in both the U.S. and Canada. The Compensation Committee may grant Performance Shares, Performance Units or other stock-based awards that will become payable to an eligible participant upon achievement of specified management objectives to be met within a specified period (the “Performance Period”) (collectively “Performance Awards”). The Spectra Energy Executive Savings Plan enables executives to defer compensation, and receive employer matching contributions, in excess of the limits of the Internal Revenue Code that apply to qualified retirement plans such as the Spectra Energy Retirement Savings Plan.

Once earned, the performance share units are converted to shares of Spectra Energy common stock at the time of vesting. 45 billion banknotes worldwide have Spectra’s covert security features. The overall mix and design of our executives’ short- and long-term incentive compensation opportunities are balanced to mitigate undue risk and promote the health of the Company. (n) “Employee” means any person who is a key employee of the Corporation or any Subsidiary or who has agreed to serve in such capacity within 90 days after the Date of Grant; provided, however, that with respect to Incentive Stock Options, “Employee” means any person who is considered an employee of the Corporation or any Subsidiary for purposes of Treasury Regulation Section 1.421-1(h). The director or immediate family member is a non-management director of a company that does business with Spectra Energy or its subsidiaries or in which Spectra Energy or its subsidiaries have an equity interest. In addition, under the prior version of the LTIP, as of February 27, 2007, options covering 260,800 shares of Company common stock were granted to our current executive officers as a group, and options covering 774,100 shares of Company common stock were granted to our other employees as a group; as of July 2, 2007, options covering 3,400 shares of Company common stock were granted to our current executive officers as a group, and options covering 7,500 shares of Company common stock were granted to our other employees as a group; as of October 1, 2007, options covering 17,200 shares of Company common stock were granted to our employees, excluding our executive officers, as a group; and as of October 1, 2009, options covering 20,000 shares of Company common stock were granted to our employees, excluding our executive officers, as a group. 7.4. The STIP is administered by the Compensation Committee, which has the authority to determine the persons to whom awards are granted and the terms and conditions of each award. Under our stock ownership policy, outside directors are required to own 15,000 shares of the Company’s common stock (or common stock equivalents) within five years after becoming subject to the policy. HOUSTON, May 18, 2018 /PRNewswire/ - Spectra Energy Partners, LP SEP, +1.18% today announced that it has received a non-binding offer from Enbridge Inc. (Enbridge) (TSX, NYSE: ENB) and Enbridge (U.S.) Inc. to acquire all of the outstanding equity …

In spite of these accomplishments in 2015, our stock price was impacted by the dramatic and recent drop in crude oil and natural gas liquid prices. The Committee considers nominees recommended by shareholders, taking into account, among other things, the profile criteria described above and the nominee’s experiences and skills. We believe that the successful execution of our strategy should result in enhanced shareholder value. Spectra Energy spent $2.64 million in 2013 and 2014 on federal lobbying (opensecrets.org). Your board’s governance structure is focused within four committees: audit, compensation, corporate governance and finance and risk – all comprised solely of independent directors. Payment of SARs. Corporate Governance Committee: $15,000 (cash), Change inPension Value andNonqualified Deferred. 15.8. To drive long-term decision-making, our total incentive opportunities place greater emphasis on long-term goals. Anderson Cancer Center, the Memorial Hermann Health Care Systems Board and the LSU Foundation. Our short-term measures are chosen to balance the importance of generating short-term earnings and cash with the efficiency and effectiveness of our employed capital. Gregory L. Ebel, our Chairman, President and Chief Executive Officer; F. Anthony Comper, our Lead Director (independent); and. We have a proven record of execution, a deep bench of management experience and excellence, keen market insight, financial stability and solid values. We provide pension benefits that are intended to assist our retirees with their retirement income needs. To ensure that their salaries remain competitive with the marketplace, Mr. Reddy received a base salary adjustment for 2015 of approximately 5%, and Mr. Hedgebeth and Ms. Ables each received a base salary adjustment for 2015 of approximately 3%.
(ff) “Stock Appreciation Right” or “SAR” means an Award under Section 7 hereof entitling a Participant to receive an amount, representing the difference between the base price per share of the right and the Fair Market Value of a share of Common Stock on the date of exercise. Important information for pipeline safety. Neither “lobbying” nor “grassroots lobbying communications” include efforts to participate or intervene in any political campaign or to influence the general public or any segment thereof with respect to an election or referendum. Unless stated otherwise or the context otherwise requires, all references in this proxy statement to “us,” “we,” “our,” “Company” or “Spectra Energy” are to Spectra Energy Corp. It is a tax-qualified retirement plan that provides a means for employees to save for retirement on a tax-deferred basis and to receive an employer matching contribution. You may change your vote or revoke your proxy by: In order to conduct the Annual Meeting, a majority of the shares entitled to vote must be present in person or by proxy. (t) “Nonqualified Stock Option” means an option to purchase Common Stock that is not an Incentive Stock Option. Monetary and non-monetary contributions and expenditures (direct and indirect) used in the manner described in section 1 above, including: The identity of the recipient as well as the amount paid to each; and. Amounts in the table represent obligations of the Company under agreements currently in place, and valued as of December 31, 2015. Any Incentive Stock Option granted hereunder shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as are deemed necessary or desirable by the Committee, which terms, together with the terms of this Plan, shall be intended and interpreted to cause such Incentive Stock Option to qualify as an “incentive stock option” under section 422 of the Code and Treasury Regulations thereunder.

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