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Can anyone tell me what does this really mean...

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Chief
There will be deductions irrespective of whatever position you are. Completing probation period doesn’t mean u are eligible for 100% VP.
Since u are an sacon u can expect higher VP then con and scon.
Performance bonus depends on your rating given by your manager and the % decided by your unit for particular ratings.
You can expect a 60-80 % performance bonus every quarter.