BT 2015 Annual Report Download - page 117

115
Overview
The Strategic Report
Purpose and strategy Delivering our strategy 0ur lines of business Group performance Governance
Financial statements Additional information
eferred pension benefits at 1 arch 01 audited
he table below shows on hanuas pension benefits at 1 arch
01. here was no pension accrued over the financial ear and no
contributions were ade into the pension plans.
oral retireent ae
Accrued
Pension
000
Additional
schee lup su
000
on hanua a0 1 
a7RQ\&KDQPXJDPoVFRQWULEXWLRQVLQZHUH~QLO~QLO)LJXUHVUHSUHVHQWWRWDOEHQHƬWV
accrued across two BT pension schemes. Tony is beyond the pension plans’ normal retirement age
and is not drawing a pension.
Awards granted during the year (audited)
01  wards
he 01  awards were ade in une 01 as set out below and on
pae 11. he award to avin atterson represented 00 of his salar
and 0 of salar for on hanua.
Director ate of award
 award
shares
ace value
of awarda
avin atterson 19 une 01 990 99999
on hanua 19 une 01 91 199
a)DFHYDOXHEDVHGRQVKDUHSULFHDWWKHGDWHRIJUDQWEHLQJ~IRUJUDQWVRQ-XQH
he perforance conditions were based 0 on relative  0 on
noralised free cash ow and 0 on rowth in underlin revenue
ecludin transit over a three-ear perforance period fro 1 pril
01 to 1 arch 01. he perforance conditions are the sae for
each director. he taret ranes for  the noralised free cash ow
and underlin revenue rowth ecludin transit for the three-ear
perforance period 011011 is set out in the table below.
TSR vesting schedule 2014 Awards
TSR ranking position
% of share award vesting
0%
25%
50%
252015105
0
easure 011
011 hreshold
evel of
vestin aiu
evel of
vestina
oralised free
cash ow .1bn  9.1bn 100
evenueb rowth .   100
a9HVWLQJOHYHOVEHWZHHQWKUHVKROGDQGPD[LPXPZLOOEHRQDVWUDLJKWOLQHEDVLV
b8QGHUO\LQJUHYHQXHH[FOXGLQJWUDQVLW
he coittee believes that the free cash ow and revenue
perforance easures are challenin and the financial perforance
necessar to achieve the upper end of the rane for each taret is
stretchin. arets for threshold perforance were established at
aboveconsensus aret epectations at the tie set.
lease see pae 11 for details of how  is calculated.
he  coparator roup for the 01  awards was the sae for
awards ranted in une 01 ecept for the reoval of able  ireless
orldwide which was acuired b odafone and irin edia which was
acuired b ibert lobal.
hen  awards vest additional shares representin the value of
reinvested dividends on the underlin shares are added.
eferred shares
 proportion of the 011 annual bonus was awarded in deferred
shares. he table below provides further details.
Director ate of award
 award
shares
ace value
of awarda
avin atterson 19 une 01 101 
on hanua 19 une 01 11 101
a)DFHYDOXHEDVHGRQVKDUHSULFHDWWKHGDWHRIWKHDZDUGRI~
he deferred shares are not subect to further perforance conditions
and norall vest in three ears if the individual is still eploed b .
etails of all interests in deferred shares are set out on pae 11.
hen  awards vest additional shares representin the value of
reinvested dividends on the underlin shares are added.
orer directors audited
ir eter onfield received under pre-eistin arraneents a pension
of 9 in 011 011 11.
aroness a retired as a non-eecutive director on 1 anuar 00
but continues to be a eber of the
oittee for ustainable and
Responsible Business
 for which she receives an annual fee of 10000.
aents for loss of oce audited
o paents were ade durin the ear for loss of oce.