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4B. PENSIONS AND SIMILAR OBLIGATIONS ONTINUED
ASH FLOW
roup cash flow n respect of pensons and smlar post-employment benefts comprses company contrbutons pad to funded
plans and benefts pad by the company n respect of unfunded plans, as set out n the followng table (ncludng the current estmate
of contrbutons for 2016)
 mllon
2016
Estmate
 mllon
2015
 mllon
2014
 mllon
2013
ompany contrbutons to funded plans
Defned beneft 350 356 386 453
Defned contrbutons 190 197 115 121
Benefts pad by the company n respect of unfunded plans
Defned beneft 160 157 151 141
roup cash flow n respect of pensons and smlar benefts 700 710 652 715
The roup’s fundng polcy s to perodcally revew the contrbutons made to the plans whle takng account of local legslaton
4C. SHARE-BASED COMPENSATION PLANS
The far value of awards at grant date s calculated usng approprate prcng models Ths value s expensed over ther vestng perod,
wth a correspondng credt to equty The expense s revewed and adusted to reflect changes to the level of awards expected to vest,
except where ths arses from a falure to meet a market condton Any cancellatons are recognsed mmedately n the ncome
statement
As at 31 December 2015, the roup had share-based compensaton plans n the form of performance shares, share optons and other
share awards
The numbers n ths note nclude those for Executve Drectors shown n the Drectors’ Remuneraton Report on pages 66 to 83 and those
for key management personnel shown n note 4A on page 99 Non-Executve Drectors do not partcpate n any of the share-based
compensaton plans
The charge n each of the last three years s shown below, and relates to equty settled plans
Income statement charge
 mllon
2015
 mllon
2014
 mllon
2013
Performance share plans (143) (186) (221)
Other plans (7) (2) (7)
(150) (188) (228)
PERFORMANE SHARE PLANS
Performance share awards are made under the Management o-Investment Plan (MIP) and the lobal Share Incentve Plan (SIP) The
MIP allows Unlever’s managers to nvest up to 60% of ther annual bonus n shares n Unlever and to receve a correspondng award of
performance-related shares Under SIP Unlever’s managers receve annual awards of NV and PL shares The awards ofboth plans
wll vest after three years between 0% and 200% of grant level, dependng on the satsfacton of performance metrcs
The performance metrcs of both MIP and SIP are underlyng sales growth, operatng cash flow and core operatng margn
mprovement There s an addtonal target based on relatve total shareholder return (TSR) for senor executves
A summary of the status of the Performance Share Plans as at 31 December 2015, 2014 and 2013 and changes durng the years ended on
these dates s presented below
2015
Number of
shares
2014
Number of
shares
2013
Number of
shares
Outstandng at 1 January 17,468,291 18,909,204 18,031,101
Awarded 8,890,394 9,724,186 7,780,730
Vested (8,448,454) (9,347,225) (5,823,102)
Forfeted (1,931,091) (1,817,874) (1,079,525)
Outstandng at 31 December 15,979,140 17,468,291 18,909,204
104 Unilever Annual Report and Accounts 2015Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED