Wohlfahrtsstiftung der Firma Breitling AG

The purpose of the foundation is to provide for the employees of the founder and its subsidiary companies, as well as their surviving dependents, against the economic consequences of old age, disability, death, illness, accident, unemployment and unforseen hardship. The foundation may also provide benefits to other tax-exempt pension institutions established for the benefit of the beneficiaries to finance amounts and insurance premiums. By decision of the foundation board, in agreement with the founder, companies that are financially or economically closely related to the founder may also be affiliated with the foundation. The rights of the existing beneficiaries must not be impaired. The affiliation of a related company may be based on a written affiliation agreement.