7 7 2 (3) Represents stock options granted which will vest annually in equal thirds commencing on the first anniversary of the grant date. The fair value of stock options granted was calculated using a Black-Scholes option pricing model (the most commonly used form of fair value determination with respect to stock options). The relevant grant dates and Black-Scholes assumptions are as follows: B B l a c k - - S S c h o l e s a s s u m p t i o n s G G r a n t d a t e R R i s k - - f f r e e r a t e L L i f e V V o l a t i l i t y D D i v i d e n d Y i e l d December 11, 2019 1.62% 4.0 years 27.54% 1.02% (4) Represents cash bonuses. (5) Includes all perquisites, including health and insurance benefits in all cases, C$125 or less per month for fitness club memberships in some cases and pa rking/public transportation costs as follows: Mr. Brink ($13,040), Mr. Rana ($15,916), Mr. Hong ($14,403), Mr. Gray ($15,333) and Mr. O’Connell ($15,137). Also includes additional fully-vested performance-based shares awarded to Messrs. Brink, Rana, Hong, Gray and O’Connell pursuant to the performance-based multiplier (please refer to page 55 of this Circular). The value of the additional performance-based shares was calculated using the closing price of C$170.04 on the TSX on December 13, 2021. The performance-based multiplier was adopted in 2020 with effect on all outstanding performance-based RSU grants. While the performance- based multiplier represents value realized rather than awarded, the multiplier was not a disclosed feature for the 2018 and 2019 grants in the management information circulars for the respective years. As such, the Corporation is reporting the application of the multiplier in “All Other Compensation” above and the “Value Vested or Earned During the Year” table for 2021 and will do the same, if applicable, for 2022. Thereafter, the application of the performance-based multiplier will be reported in the “Value Vested or Earned During the Year” table. (6) Messrs. Gray and O’Connell held the offices of Vice President, Business Development and Vice President, Energy, respectively, during 2017-2020 and were promoted to the offices of Senior Vice President, Business Development and Senior Vice President, Energy, respec tively, effective January 1, 2021. Mr. O’Connell’s title was changed to Senior Vice President, Diversified effective January 1, 2022.