The purpose of the foundation is to provide for the employees of Electrolux AG (hereinafter referred to as the company) and 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 may also, by decision of the foundation board, which must be notified to the supervisory authority, include the personnel of companies economically or financially closely related to the company, provided that the foundation is provided with the necessary means and the acquired rights and entitlements of the previous beneficiaries are not impaired.
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