The purpose of the foundation is to provide for the employees of the founding company and the companies economically close to it, as well as their dependents, against the economic consequences of old age, disability, and death. This purpose can be fulfilled, in particular, by providing voluntary additional benefits to the regulatory pension benefits in the event of old age, disability, and death, providing voluntary purchase benefits for the regulatory pension of employees, providing benefits to finance contributions and insurance premiums to other tax-exempt employee benefit institutions that exist for the benefit of the beneficiaries. Furthermore, the foundation aims to support employees and their dependents in cases of need, such as illness, accident, disability, or unemployment. The foundation can also be joined, by decision of the foundation board, which must be notified to the supervisory authority, by the personnel of companies economically or financially closely related to the company, provided that the foundation has the necessary means at its disposal and the acquired rights and entitlements of the previous beneficiaries are not impaired. The foundation board decides on the nature and scope of the foundation's benefits and the organization of the foundation within the framework of the foundation deed. It can also issue special regulations and grant the beneficiaries rights that go beyond the statutory rights. To achieve the purpose of the foundation, the foundation board can manage its own funds within the framework of the foundation and conclude suitable insurance contracts with Swiss insurance companies, whereby the foundation is the policyholder and beneficiary. The foundation may not be used for purposes other than pension provision, and in particular, it may not be used for benefits for which the companies or their successors are legally obligated. Benefits that represent compensation for work performed or have a similar character (e.g. cost-of-living, family, and child allowances, bonuses, anniversary gifts) are also excluded.
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