The foundation aims to provide for the beneficiaries listed below against the economic consequences of old age, death, disability, illness, accident and in special cases of need. The beneficiaries are the employees of the founding company and their relatives and dependents, as well as persons for whom the employee has last been proven to have cared. Benefits, with the exception of those for personnel provision to which the founding company is legally obligated or which have a salary-like character, such as family and cost-of-living allowances, bonuses, anniversary gifts or similar, may not be provided from the foundation's assets and income. In pursuit of the foundation's purpose, the foundation is, however, authorized to make one-time contributions, statutory, contractual and regulatory employer contributions on behalf of the founding company to other pension institutions of the founding company, in agreement with the founding company. This applies in particular to benefits to which the founding company is obligated in the sense of the Federal Act on Occupational Old-Age, Survivors' and Disability Insurance (BVG). As soon as and to the extent that the foundation grants beneficiaries legal claims, it establishes a set of regulations that, within the framework of this foundation deed, defines the circle of beneficiaries, their legal status, the type and scope of pension benefits, and all other necessary modalities. It has the right to amend this set of regulations at any time, in whole or in part, while preserving existing legal claims of beneficiaries, provided that the founding company is given the opportunity to comment beforehand. The set of regulations and its amendments must be notified to the supervisory authority. As long as and to the extent that no set of regulations exists, the foundation board decides on the allocation of foundation benefits in accordance with its duty of care. To achieve its purpose, the foundation may also conclude insurance contracts or enter into existing ones, whereby the foundation must be the policyholder.
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