Personalstiftung der Lateltin AG

The purpose of the foundation is to provide for the employees of the company and their dependents against the economic consequences of old age, disability and death, as well as to support the beneficiaries or their dependents in cases of need such as illness, accident, disability or unemployment. The foundation may also be joined by the staff of companies economically or financially closely related to the company, provided that the necessary funds are made available to the foundation and the rights of the existing beneficiaries are not impaired, by a written accession agreement to be notified to the supervisory authority. The purpose of the foundation can be fulfilled: a) by an autonomous pension fund, if the technical insurance requirements are met, b) by insurance contracts, where the foundation must be the policyholder and beneficiary, c) by a retirement savings plan with supplementary risk insurance. The foundation may also provide benefits to other tax-exempt employee benefit institutions established for the benefit of the beneficiaries to finance contributions and insurance premiums.