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About GSTIP

Our Global Short Term Incentive Plan (GSTIP) is a discretionary cash bonus plan designed to drive exceptional performance across Vodafone and recognise and reward individual impact during the year.

The bonus calculation operates as follows:

Your base salary

As calculated on 31 March 2024.

Your target bonus

Set out as a percentage of your salary and based on your band and local market.

Business performance multiplier

Calculated based on a Business Performance range of 0-200% which is applied to your target bonus percentage.

Individual impact

Potential for 10% or 25% uplift or reduction depending on your Impact Rating.

The details

The GSTIP is an annual discretionary plan which is paid in cash after the end of the performance period.

Financial year

The performance year for the GSTIP follows our financial year which runs from 1 April to 31 March each year.

Eligibility

To be eligible for a bonus payout you must have joined Vodafone on or before 1 March during the performance year and be employed with us at the point of bonus payment date

Minimum Performance Standard

To receive a bonus you must meet minimum performance standards as defined by your local market.

Payout

You will receive your bonus payout in June following the end of the performance year.

Business performance

Your business multiplier will be between 0% and 200%, and will be based on 100% Group performance. The multiplier will be determined based on both financial and strategic measures underpinning our key priorities of Growth and Customers.

For Group, the weighting is as follows:

Growth (70%)

Adjusted Service Revenue

20%

Adjusted EBIT

20%

Adjusted Free Cash Flow

20%

Revenue Market Share

10%

Customers (30%)

NPS

20%

Churn

10%