Common use of Adjustment by you Clause in Contracts

Adjustment by you. If you intend to adjust the net pension scheme, you need to notify us in advance. You must do so at least four months before the adjustment is to take effect. We will then assess whether it is possible for the adjustment to be made within the context of the pension subscription. You pay a once-only amount in adjustment costs. You can contact us for an indication of the amount of these costs. If your net pension scheme changes to such an extent that it is no longer in line with the pension subscription, we will terminate the Execution Agreement. We will do so on the change date that you have proposed. You can then consult with us as to whether we wish to conclude a new Execution Agreement for the modified net pension scheme. The new Execution Agreement will then be concluded on the conditions and at the rates appropriate for the new agreement. You must of course ensure that you have the consent of the employees and the works council (if there is one) for changes to the net pension scheme and the Execution Agreement. Changes within your organisation You must also notify us in good time about changes within your organisation, particularly in the following cases: - you second more than 20% of your employees; - the legal structure of your organisation changes; - you are involved in a merger, reorganisation, takeover, demerger, cessation of business activities, or other such changes; - the number of employees or the total wage bill increases or decreases by 20% or more within a single contract year; - your place of establishment is no longer in the Netherlands. We can then make changes to the conditions and rates in the Execution Agreement with you. We can also terminate the Execution Agreement.

Adjustment by you. If you intend to adjust the net pension scheme, you need to notify us in advance. You must do so at least four months before the adjustment is to take effect. We will then assess whether it is possible for the adjustment to be made within the context of the pension subscriptionPensioenabonnement. You pay a once-only amount in adjustment costs. You can contact us for an indication of the amount of these costs. If your net pension scheme changes to such an extent that it is no longer in line with the pension subscriptionPensioenabonnement, we will terminate the Execution Agreement. We will do so on the change date that you have proposed. You can then consult with us as to whether we wish to conclude a new Execution Agreement for the modified net pension scheme. The new Execution Agreement will then be concluded on the conditions and at the rates appropriate for the new agreement. You must of course ensure that you have the consent of the employees and the works council (if there is one) for changes to the net pension scheme and the Execution Agreement. Changes within your organisation You must also notify us in good time about changes within your organisation, particularly in the following cases: - you second more than 20% of your employees; - the legal structure of your organisation changes; - you are involved in a merger, reorganisation, takeover, demerger, cessation of business activities, or other such changes; - the number of employees or the total wage bill xxxx increases or decreases by 20% or more within a single contract year; - your place of establishment is no longer in the Netherlands. We can then make changes to the conditions and rates in the Execution Agreement with you. We can also terminate the Execution Agreement.

Adjustment by you. If you intend to adjust the net pension scheme, you need to notify us in advance. You must do so at least four months before the adjustment is to take effect. We will then assess whether it is possible for the adjustment to be made within the context of the pension subscriptionarrangement. You pay a once-only amount in adjustment costs. You can contact us for an indication of the amount of these costs. If your net pension scheme changes to such an extent that it is no longer in line with the pension subscriptionarrangement, we will terminate the Execution Agreement. We will do so on the change date that you have proposed. You can then consult with us as to whether we wish to conclude a new Execution Agreement for the modified net pension scheme. The new Execution Agreement will then be concluded on the conditions and at the rates appropriate for the new agreement. You must of course ensure that you have the consent of the employees and the works council (if there is one) for changes to the net pension scheme and the Execution Agreement. Changes within your organisation You must also notify us in good time about changes within your organisation, particularly in the following cases: - you second more than 20% of your employees; - the legal structure of your organisation changes; - you are involved in a merger, reorganisation, takeover, demerger, cessation of business activities, or other such changes; - the number of employees or the total wage bill increases or decreases by 20% or more within a single contract year; - your place of establishment is no longer in the Netherlands. We can then make changes to the conditions and rates in the Execution Agreement with you. We can also terminate the Execution Agreement.