How do I use the amounts received in the global incentive plan?
In January 2025, you will receive an amount for the 2024 global incentive plan.
You will be informed of this amount in euros online on November 25, 2024.
You can use this sum in one of two ways, or a combination of both:
INVEST DIRECTLY IN OVHCLOUD SHARES
using all or part of the sum
You will be subject to income tax and social charges on these amounts in accordance with local standards. Please refer to the tax notice for your country for more details.
HAVE ALL OR A PART OF YOUR GLOBAL INCENTIVE PLAN
paid into your bank account
You will be subject to income tax and social charges on these amounts in accordance with local standards. Please refer to the tax notice for your country for more details.
You have until 23:59 CET on December 9, 2024 to make your choice and allocate your global incentive plan.
Failing that, the global incentive plan will be paid to you in full with your salary for January 2025, after deduction of social security contributions and income tax if required by local regulations. You will receive no employer contribution.
CAUTION:
- Only the investment in OVHcloud Shares entitles the holder to employer contribution.
- The decision to invest your incentive payment or to request its disbursal must be made via the Amundi ESR website, which will be open to you as of November 25, 2024.
- Depending on the regulations in effect in your country, the incentive and any matching contribution may be subject to taxes and charges at the time of payment. If you choose to invest in OVHcloud Shares, the related charges and taxes will be deducted from your salary in January 2025. For more information, please view the tax notice for your country.
- If you elected to invest a part but not all of your Global Incentive in ESP 2024, or if you do not participate in ESP 2024, the corresponding amount of your Global Incentive will be paid to you in January 2025 with the salary payment. For this payment, your Global Incentive will be converted in your local currency (American dollars) at the exchange rate published by the European Central Bank on January 6, 2025.
Investing in the OVHcloud Shares: how does the employer contribution work?
OVHcloud supports your investment in the employee shareholding fund by supplementing the global incentive plan that you choose to invest, and resulting in delivery of additional OVHcloud Shares to you:
| Amount you wish to invest using your global incentive plan | Employer contribution |
|---|---|
| Between €0 and €500 | 100% |
| Between €500 and €1,000 | 75% |
| Between €1,000 and €2,000 | 50% |
Beyond the €2,000 threshold, any part of your global incentive plan which you choose to invest in OVHcloud Shares will not be matched.
Employer contribution example:
You receive a €3,400 global incentive plan.
You decide to invest the entirety of this sum in OVHcloud shares under the International Group Savings Plan (PEGI). My employer contribution will be:
100% of €500 = €500
75% of €500 = €375
50% of €1,000 = €500
Total investment: €3,400 global incentive plan + €1,375 employer contribution = €4,775
Any tax and social security charges due on the global incentive plan and the employer contribution in your country will be deducted from your salary for January 2025. For more information, please see the tax notice for your country.
How many shares can you buy?
By investing the funds from your global incentive plan, you will be able to acquire OVHcloud Shares. With the employer contribution, you will be able to receive additional shares.
The investment in OVHcloud Shares is made at the OVHcloud Share opening price on January 15, 2025.
You will not know the acquisition price when deciding whether to invest all or part of your incentive payment.
The number of shares you receive will be determined at the end of the transaction based on the total amounts invested, the matching contribution and the share price as at January 15, 2025.
The corresponding number of shares will be determined by dividing the sum of the discretionary incentive payment plus the matching contribution by the acquisition price, the result being rounded to the next lower whole number. The balance will be paid to you in full, with your 2025 January pay.