Currency Contract Clauses (195)

Currency. Encana Corporation Deferred Share Unit Plan for Directors (With amendments as of February 14, 2018) Page 10 9. ADMINISTRATION 9.1 Unless otherwise determined by the Board, the Plan shall remain an unfunded and unsecured obligation of the Corporation. 9.2 Unless otherwise determined by the Board, the Plan shall be administered by the Committee. 9.3 The Plan may be amended or terminated at any time by the Board, except as to rights already accrued hereunder by the Directors and the Chairman of the... Board. Notwithstanding the foregoing, any amendment or termination of the Plan shall be such that the Plan continuously meets the requirements of paragraph 6801(d) of the Income Tax Regulations or any successor provision thereto. 9.4 The Corporation will be responsible for all costs relating to the administration of the Plan. * * * * Schedule A Deferred Share Unit Plan for Directors of Encana Corporation (the "Plan") ELECTION NOTICE – Section 4.5 of the Plan I. Election Subject to Part II of this Election Notice, I hereby elect to receive 100% of the Annual Remuneration that may be payable to me after the effective date of this election in the form of Deferred Share Units ("DSUs") and the balance of any such Annual Remuneration in cash, net of applicable withholdings. II. Acknowledgement I confirm and acknowledge that: 1. I have received and reviewed a copy of the terms of the Plan and agree to be bound by them. Upon redemption of the DSUs, the Corporation will make all appropriate withholdings as required by law at that time. View More

Currency. Each reference in this Agreement to U.S. dollars (the "relevant currency"), including by use of the symbol "$", is of the essence. To the fullest extent permitted by law, the obligation of the Company in respect of any amount due under this Agreement will, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in the relevant currency that the party entitled to receive such payment may, in accordance with it...s normal procedures, purchase with the sum paid in such other currency (after any premium and costs of exchange) on the Business Day immediately following the day on which such party receives such payment. If the amount in the relevant currency that may be so purchased for any reason falls short of the amount originally due, the Company will pay such additional amounts, in the relevant currency, as may be necessary to compensate for the shortfall. Any obligation of the Company not discharged by such payment will, to the fullest extent permitted by applicable law, be due as a separate and independent obligation and, until discharged as provided herein, will continue in full force and effect. View More

Currency. All dollar amounts referred to in this Agreement are in lawful money of the United States.