The foundation's purpose is to provide for the employees of the founding company and companies economically or financially closely related to it (hereinafter referred to as affiliated companies) as well as their dependents and beneficiaries by providing support in times of need, particularly due to old age, death, disability, illness, accident, or unemployment. The foundation may provide additional benefits to ensure the economic security of the aforementioned beneficiaries in old age, death, and disability, within the framework of equal treatment, such as increased benefits for employees of the transitional generation who are not yet entitled to the full benefits of statutory occupational pension provision. If such additional benefits are provided, the foundation's board of directors shall issue regulatory provisions (regulations, guidelines, and, exceptionally, decisions) in this regard, which must be submitted to the supervisory authority for review. To achieve its purpose or parts thereof, the foundation may conclude insurance contracts for the benefit of the beneficiaries or parts thereof, or enter into existing contracts, provided that it is the policyholder and beneficiary itself. Within the framework of the foundation's purpose, provisions may be made for senior employees of the founding company or affiliated companies. The foundation may also make contributions to other tax-exempt pension institutions serving the foundation's purpose, to which the founding company or affiliated companies are affiliated or which were established by them; in particular, employer contributions from the founding company or affiliated companies may be financed within the framework of Article 331, paragraph 3 of the Swiss Code of Obligations. No benefits may be provided that the founding company or affiliated companies are legally or contractually obligated to provide or that they typically pay as compensation for services rendered (such as cost-of-living allowances, bonuses, anniversary gifts, etc.).
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