Vodafone 2013 Annual Report Download - page 79
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Estimates of total future potential remuneration from 2014 pay packages
The tables below provide estimates of the potential future remuneration for each of the executive directors based on the remuneration opportunity
granted in the 2014 nancial year. Potential outcomes based on different performance scenarios are provided for each executive director.
The assumptions underlying each scenario are described below.
Fixed Consists of base salary, benets and pension.
Base salary is latest known salary.
Benets measured at benets gure in single gure table on page 70.
Pension measured by applying cash in lieu rate of 30% of base salary against the latest known salary.
Base
(£‘000)
Benets
(£‘000)
Pension
(£‘000)
Total xed
(£‘000)
Chief Executive 1,110 30 333 1,473
Chief Financial Ofcer 700 35 210 945
Chief Technology Ofcer 575 21 173 769
On plan Based on what a Director would receive if performance was in line with plan.
The target award opportunity for the GSTIP is 100% of base salary.
The target levels of performance for the GLTI are discussed in detail on page 76. We assumed that TSR performance was at
median.
Maximum Two times the target award opportunity is payable under the GSTIP.
The maximum levels of performance for the GLTI are discussed in detail on page 76. We assumed that TSR performance was at
or above the 80th percentile.
All scenarios
a Each executive is assumed to co-invest the maximum allowed under the GLTI, 100% of salary, and the GLTI award reects this.
Salary and benets GSTIP GLTI base award GLTI matching award
Vittorio Colao, Chief Executive
10,000
12,000
8,000
6,000
4,000
2,000
0
Fixed
£1,473
On-plan
£5,219
Maximum
£11,601
£’000
28.2%
21.3%
12.7%
19.1%
28.7%
39.5%
21.3%
29.2%
Salary and benets GSTIP GLTI base award GLTI matching award
Andy Halford, Chief Financial Ofcer
10,000
12,000
8,000
6,000
4,000
2,000
0
Fixed
£945
On-plan
£3,115
Maximum
£6,755
£’000
30.3% 22.5%
24.7% 22.5%
14.0%
20.7%
34.2%
31.1%
Salary and benets GSTIP GLTI base award GLTI matching award
Stephen Pusey, Chief Technology Ofcer
10,000
12,000
8,000
6,000
4,000
2,000
0
Fixed
£769
On-plan
£2,551
30.1% 22.5% 13.9%
20.8%
34.2%
31.1%
22.5%
24.8%
Maximum
£5,541
£’000
77 Vodafone Group Plc
Annual Report 2013
Overview Business
review Performance Governance Financials Additional
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