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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 as follows:
As calculated on 31 March 2023
This is a percentage of your base salary
0% – 200%
The GSTIP is an annual discretionary plan which is paid in cash after the end of the performance period.
The performance year for the GSTIP follows our financial year which runs from 1 April to 31 March each year.
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
You will receive your bonus payout in June following the end of the performance year.
Your business multiplier will be between 0% and 200%, and will be based on 100% Group performance. The multiplier will be determined based on business measures and non-financial measures.
For Group, the weighting is as follows:
25%
25%
25%
25%
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