Our Global Short Term Incentive Plan (GSTIP) is a discretionary cash bonus plan designed to drive exceptional performance across Vodafone and reward you for your commitment and contribution during the year.
The bonus calculation operates by multiplying the following:
As calculated on 31 March 2023
This is a percentage of your base salary
0% – 200%
The Employer will, at its discretion, determine in the Bonus Decision the percentage of fulfilment of the company goals of each company within the Vodafone Group Plc. The business multiplier will be between 0% and 200%.
The multiplier will be determined based on business measures and non-financial measures.
You can view the weighting of these measures for the Group portion of the multiplier here. For the Czech Republic, the weighting is as follows:
The fulfilment of company goals is defined for each employee by Bonus Framework. It determines the company results of which companies within the Vodafone Group Plc., opt. their proportion will be used for the final bonus calculation.
For performance below threshold there is no payout.
The performance under each measure, which is capped at 200%, will be multiplied by its relevant weighting to give a final business multiplier percentage.
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