Personalfürsorgestiftung der Firma Hans Schmid AG

Occupational pension provision for the employees of the founder or employer company by providing support and benefits: to the employee in the event of old age or disability or in cases of need, such as illness, accident or unemployment affecting them personally; to the employee in cases of need, such as illness, accident, unemployment or disability affecting their spouse, minor or disabled children or other persons for whom they provide maintenance; in the event of the employee's death, to the surviving spouse, the divorced spouse and to persons for whom they were responsible for maintenance at the time of their death; and, in the absence of such persons, to their legal heirs. The employer's contributions may also be made from previously accumulated and separately disclosed contribution reserves, in accordance with Article 331, paragraph 3 of the Swiss Code of Obligations. The foundation may pay such contributions to other tax-exempt pension institutions to which the founder company has joined or which it has established itself.