SU » Topics » Key Elements of Compensation

This excerpt taken from the SU 6-K filed May 1, 2009.

Key Elements of Compensation

  Fixed/Variable   Type   Performance Period

Base Salary

  Fixed   Cash   1 year

Annual Incentive

  Variable   Cash   1 year

Mid-Term Incentive

  Variable   PSUs   3 years

Long-Term Incentive

  Variable   Stock Options/SARs   7 years

        Significant portions of Petro-Canada's senior executives' compensation depend on both Petro-Canada's and their individual performance and are at risk as illustrated below.

  Variable/At Risk Pay    
  Base Pay   Annual
at Risk

President & Chief Executive Officer

    17%     22%     30%     31%     83%     100%  

Executive Vice-President/Executive Vice-President & Chief Financial Officer

    23%     24%     24%     29%     77%     100%  

Senior Vice-President

    24%     20%     25%     31%     76%     100%  
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