Unilever 2015 Annual Report Download - page 80

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In determnng bonus outcomes for Paul Polman, the ommttee also consdered hs very strong personal performance and leadershp,
both nternally and externally In 2015, Paul agan receved recognton for hs work n leadng Unlever and helpng to promote a
sustanable and responsble long-term busness model around the world Unlever not only delvered consstent growth n underlyng
sales and core operatng margn together wth strong cash flow n a dffcult market, but also made sgnfcant progress n drvng ts USLP
strategy, management successon, gender balance, smplfcaton, empowerment ntatves and n reshapng the portfolo As a
consequence of that revew, Paul Polman was awarded a personal performance multpler of 140% Ths resulted n Paul Polman recevng
a bonus of 185% of hs base salary Ths s calculated as follows
Target bonus: 120% of
base salary = £1,212,000
Unilever’s 2015
performance ratio = 110%
Personal performance
multiplier = 140%
£1,866,480
(185% of base salary)
In determnng bonus outcomes for Jean-Marc Hut for the nne-month perod ended 30 September 2015, the ommttee also consdered
hs personal performance and leadershp, ncludng the management of Unlever’s fnancal rsk exposure and the contnung drve for
enterprse-wde effcences Durng 2015 Jean-Marc successfully completed an mportant stage n the development of Unlever’s Fnance
functon and acheved a smooth successon n hs role as FO wth the appontment of and handover to raeme Ptkethly As a
consequence of that revew, Jean-Marc Hut was awarded a personal performance multpler of 100% Ths resulted n Jean-Marc Hut
recevng a bonus of 110% of hs base salary pro rata for the nne-month perod of servce durng 2015 Ths s calculated as follows
Target bonus: 100% of
base salary = £535,500
(for the nine months of service
during 2015)
Unilever’s 2015
performance ratio = 110%
Personal performance
multiplier = 100%
£589,050
(110% of base salary)
MIP 2016 AWARDS (BASED ON 2015 ANNUAL BONUS OUTOMES)
Paul Polman elected to nvest 60% (£1,119,888) of hs 2015 bonus n MIP nvestment shares, fully n NV shares
(D) MIP  UK LAW REQUIREMENT (AUDITED)
2015 OUTOMES
Ths ncludes MIP matchng shares granted on 18 February 2013 (based on the percentage of 2012 bonus that Executve Drectors had
nvested n Unlever shares, as well as performance n the three-year perod to 31 December 2015) whch wll vest on 18 February 2016
Further detals of the performance measures are dsclosed below n note (E)
The values ncluded n the sngle fgure table for 2015 are calculated by multplyng the number of shares granted on 18 February 2013
(ncludng addtonal shares n respect of accrued dvdends through to 31 December 2015) by the level of vestng (98% of target awards)
and the three-month average share prce to 31 December 2015 (NV 4007 and PL £2843) These have been translated nto euros usng
the average exchange rate over 2015 (1 = £07254) Jean-Marc Hut’s MIP value n the sngle fgure table for 2015 s pro-rated to 87%
reflectng hs length of servce wthn the vestng perod
(E) SIP  UK LAW REQUIREMENT (AUDITED)
2015 OUTOMES
Ths ncludes SIP performance shares granted on 18 February 2013, based on performance n the three-year perod to 31 December
2015 whch wll vest on 18 February 2016
The values ncluded n the sngle fgure table for 2015 are calculated by multplyng the number of shares granted on 18 February 2013
(ncludng addtonal shares n respect of accrued dvdends through to 31 December 2015) by the level of vestng (98% of target awards)
and the three-month average share prce to 31 December 2015 (NV 4007 and PL £2843) These have been translated nto euros usng
the average exchange rate over 2015 (1 = £07254) Jean-Marc Hut’s SIP value n the sngle fgure table for 2015 s pro-rated to 87%
reflectng hs length of servce wthn the vestng perod
73Unilever Annual Report and Accounts 2015 Governance