The foundation's purpose is to provide care for the employees and workers as well as their dependents and survivors of the founding company by granting voluntary support and benefits in the following cases: to the employee in case of old age or disability or in situations of need, such as illness, accident, or unemployment affecting them personally; to the employee in situations of need, such as illness, accident, unemployment, or disability of their spouse, minor or disabled children, or other persons for whom they provide support; in the event of the employee's death, to the surviving spouse, divorced spouse, and persons for whom they were primarily responsible for support at the time of their death. Upon special resolution of the foundation board, the purpose of the foundation may be extended to companies economically and financially closely related to the founding company. Benefits to which the founding company is obligated by law or contract may not be paid out of the foundation's assets. The foundation may also provide benefits to other tax-exempt employee benefit institutions established for the benefit of the beneficiaries, using previously accumulated and separately designated contribution reserves to finance contributions and insurance premiums. To achieve the foundation's purpose, the foundation may conclude insurance contracts for the benefit of the beneficiaries or a part thereof, or enter into existing contracts. It may also grant subsidies to the benefits of such insurance policies. The foundation may also make contributions, in accordance with Article 331, paragraph 3 of the Swiss Code of Obligations, from previously accumulated and separately designated contribution reserves to other tax-exempt employee benefit institutions that the founding company has joined or established itself.
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