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11 Share-based payments

Management Incentive Plan

The Management Incentive Plan is an equity-share plan for members of the Group Executive Board and Board of Directors as well as for other members of management. The members of the Board of Directors are paid a portion of their emoluments in the form of Swisscom shares. Members of the Group Executive Board receive 25% of their variable performance-related salary component in the form of Swisscom shares. Group Executive Board members may increase this share up to a maximum of 50% at their discretion. The shares are allocated based on their tax values. The level of the earnings-related compensation and the number of shares allocated are determined in the subsequent business year once the financial statements are finalised. The shares allocated to the members of the Group Executive Board are based on the variable earnings-related compensation of the prior year. The tax value per share amounts to CHF 439 (prior year: CHF 473). The shares are subject to a retention period of three years from the grant date. The shares are vested immediately upon allocation.

In 2016, the allocation and cost of share-based payments to the members of the Board of Directors and of the Group Executive Board may be analysed as follows:


Allocation 2016
  Number of
allocated shares
  Market price
in CHF
  Expense in
CHF million
Members of the Board of Directors   1,308   523   0.7
Members of the Group Executive Board 1   1,841   523   1.0
Other Management members   3,337   515   1.7
Total 2016   6,486   523   3.4
1 Allocation for the financial year 2015.

In 2015, the allocation and cost of share-based payments to the members of the Board of Directors and of the Group Executive Board may be analysed as follows:


Allocation 2015
  Number of
allocated shares
  Market price
in CHF
  Expense in
CHF million
Members of the Board of Directors   1,302   563   0.7
Members of the Group Executive Board 1   1,268   563   0.7
Other Management members   1,309   563   0.7
Total 2015   3,879   563   2.1
1 Allocation for the financial year 2014.