Meeting Summary

Human Resources Committee – December 6, 2018

A Compensation Framework for the Future

The Human Resources Committee mandate includes approving all compensation plans for executive-level employees, which includes annual investment return ranges to ensure continued governance and oversight of the primary driver of compensation plans.

Based on the discussion held at the Joint Investment Committee and Human Resources Committee meeting on December 6, 2018, the Human Resources Committee approved the Investment Return Ranges for Compensation Plans and the Long-Term Incentive Plan payment adjustment, both effective January 1, 2019.