Wohlfahrtsfonds der TX-Group AG

The foundation aims to provide occupational pension benefits to the employees of the company and their dependents against the economic consequences of old age, death and disability, 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 linked to the company, by means of a written accession agreement, which must be notified to the supervisory authority, provided that the necessary funds are made available to the foundation and the rights of the existing beneficiaries are not impaired. To achieve its purpose, the foundation may conclude insurance contracts or enter into existing contracts, in which case it must be the policyholder and beneficiary. The foundation may also provide services to other tax-exempt pension institutions, which the employers have joined or established themselves, for the benefit of the beneficiaries, in order to finance contributions and insurance premiums.