Common use of CONDITIONS FOR ENTITLEMENT TO PENSION Clause in Contracts

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once the following conditions have been met: The scheme covers employees who have reached the age of 18. However, the age requirement for trainees is 20. The employee must have been employed continuously for three months at one or more enterprises covered by the collective agreement. This length of service requirement is set aside in cases where the employee was already covered by an occupational pension scheme based on a collective agreement when they were hired. For employees who fulfil the above conditions, it also applies that other conditions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes to the old age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprise’s pension contributions go to life annuity/discontinuing old-age pension without insurance elements. The enterprise and the employee can enter into an agreement on the enterprise’s contribution being paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in the Danish Holiday Act On resignation, this will be paid together with the last wage payment. Where the enterprise and the employee have agreed that the enterprise’s contribution is paid with the holiday allowance, the enterprise may, from 1 May 2020 choose to pay the enterprise’s pension contribution on an ongoing basis with the wage as an allowance not giving entitlement to holidays. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement pension age, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving entitlement to holidays. The insurance coverage ends when the employee reaches retirement age. If the employee fails to make a choice, the enterprise continues paying into the pension scheme. Employees having attained the age of 60 and who are not already covered by the pension scheme, must not have any labour market pension scheme created. For these employees, the enterprise’s pension contribution is paid together with the holiday allowance. From 1 May 2020, the enterprise may choose to pay the enterprise’s pension contributions on an ongoing basis with the salary as an allowance not giving entitlement to holidays. Unless otherwise stipulated in this agreement, the pension scheme must be established with: Pension for Funktionærer (pension for salaried employees) – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Telephone: +00 00000000

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once the following conditions have been met: The scheme covers employees who have reached the age of 18. However, the age requirement for trainees is 20. The employee must have been employed continuously for three months at one or more enterprises covered by the collective agreement. This length of service requirement is set aside in cases where the employee was already covered by an occupational pension scheme based on a collective agreement when they were hired. For employees who fulfil the above conditions, it also applies that other conditions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes to the old age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprise’s pension contributions go to life annuity/discontinuing old-age pension without insurance elements. The enterprise and the employee can enter into an agreement on the enterprise’s contribution being paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in the Danish Holiday Act On resignation, this will be paid together with the last wage payment. Where the enterprise and the employee have agreed that the enterprise’s contribution is paid with the holiday allowance, the enterprise may, from 1 May 2020 instead choose to pay the enterprise’s pension contribution on an ongoing basis with the wage as an allowance not giving entitlement to holidays. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement pension age, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving entitlement to holidays. The insurance coverage ends when the employee reaches retirement age. If the employee fails to make a choice, the enterprise continues paying into the pension scheme. Employees having attained the age of 60 and who are not already covered by the pension scheme, must not have any labour market pension scheme created. For these employees, the enterprise’s pension contribution is paid together with the holiday allowance. From 1 May 2020, the enterprise may choose to pay the enterprise’s pension contributions on an ongoing basis with the salary as an allowance not giving entitlement to holidays. Unless otherwise stipulated in this agreement, the pension scheme must be established with: Pension for Funktionærer (pension for salaried employees) – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Telephone: +00 00000000.

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once when the following conditions have been condi- tions are met: The scheme covers employees who have reached the age of 18. However, the age requirement for students/trainees is 20. The employee must have been employed continuously without interruption for three 3 months at with one or more enterprises companies covered by the collective agreement. This length of service seniority requirement is set aside shall be disregarded in cases where the employee was is already covered by an occupational a labour market pension scheme based on a collective agreement when they were hiredat the time of employment. For employees who fulfil the above conditions, it also applies that other conditions condi- tions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes shall go to the old old-age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprisecompany’s pension contributions go to life annuity/annuity / discontinuing old-age pension without insurance elements. The enterprise An agreement can be entered into between the company and the employee can enter into an agreement on payment of the enterprise’s company contribution being as a supplement not qualifying for holiday pay, which shall be paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in supplement applicable under the Danish Holiday Act On resignation(ferieloven). Upon termination, this will be paid together with the last wage payment. Where If the enterprise company and the employee have agreed that the enterprise’s company contribution is shall be paid together with the holiday allowancesupplement, the enterprise may, from 1 May 2020 company can choose to pay the enterprise’s company's pension contribution on an ongoing basis with the wage wages as an allowance a supple- ment not giving entitlement to holidaysqualifying for holiday pay. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement state pension ageage on or after 1 May 2020, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving a supplement without entitlement to holidays. The insurance coverage ends Insurance cover ceases when the employee reaches retirement state pension age. If the employee fails to does not make a choice, the enterprise continues paying into company will continue to contribute to the pension scheme. Employees having attained who have reached the age of 60 and who are not already covered by the pension scheme, scheme must not have any a labour market pension scheme createdbe set up. For these employees, the enterprise’s company's pension contribution is paid together with the holiday allowancesupplement. From 1 May 2020, the enterprise may The company can choose to pay the enterprise’s company's pension contributions contribution on an ongoing basis with the salary as an allowance a supplement not giving entitlement to holidaysqualifying for holiday. Unless otherwise stipulated stated in this agreement, the pension scheme must shall be established estab- lished with: Pension for Funktionærer (pension for salaried employees) Salaried Employees – XXX Xxxxxxx Xxxxxxxxxxxxx PFA Pension Sundkrogsgade 0 XX-0000 Xxxxxxxxxx X Telephone0000 Xxxxxxxgen Ø Phone: +00 0000000039175000

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once when the following conditions have been condi- tions are met: The scheme covers employees who have reached the age of 18. However, the age requirement for students/trainees is 20. The employee must have been employed continuously without interruption for three 3 months at with one or more enterprises companies covered by the collective agreement. This length of service seniority requirement is set aside shall be disregarded in cases where the employee was is already covered by an occupational a labour market pension scheme based on a collective agreement when they were hiredat the time of employment. For employees who fulfil the above conditions, it also applies that other conditions condi- tions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes shall go to the old old-age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprisecompany’s pension contributions go to life annuity/annuity / discontinuing old-age pension without insurance elements. The enterprise An agreement can be entered into between the company and the employee can enter into an agreement on payment of the enterprise’s company contribution being as a supplement not qualifying for holiday pay, which shall be paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in supplement applicable under the Danish Holiday Act On resignation(ferieloven). Upon termination, this will be paid together with the last wage payment. Where the enterprise company and the employee have agreed that the enterprise’s contribution company contribu- tion is to be paid together with the holiday allowancesupplement, the enterprise may, from 1 May 2020 company can instead choose to pay the enterprise’s company's pension contribution on an ongoing basis with the wage wages as an allowance not giving a supplement without entitlement to holidays. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement pension ageage on or after 1 May 2020, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving a supplement without entitlement to holidays. The insurance coverage ends Insurance cover ceases when the employee reaches retirement state pension age. If the employee fails to does not make a choice, the enterprise continues paying into company will continue to contribute to the pension scheme. Employees having attained who have reached the age of 60 and who are not already covered by the a pension scheme, must scheme do not need to have any a labour market pension scheme createdbe set up. For these employees, the enterprise’s company's pension contribution is paid together with the holiday allowancesupplement. From 1 May 2020, the enterprise may The company can choose to pay the enterprise’s company's pension contributions contribution on an ongoing basis with the salary wages as an allowance a supplement not giving entitlement to holidays. Unless otherwise stipulated in this agreement, the pension scheme must be established with: Pension qualifying for Funktionærer (pension for salaried employees) – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Telephone: +00 00000000holiday pay.

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once when the following conditions have been condi- tions are met: The scheme covers employees who have reached the age of 18. However, the age requirement for students/trainees is 20. The employee must have been employed continuously for three 3 months without interruption at one or more enterprises companies covered by the collective agreement. This length of service seniority requirement is set aside disregarded in cases where the employee was is already covered by an occupational a labour market pension scheme which is based on a collective agreement when they were hiredagreement. For employees who fulfil the above conditions, it also applies that other conditions condi- tions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes shall go to the old old-age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprisecompany’s pension contributions go to life annuity/annuity / discontinuing old-age pension without insurance elements. The enterprise An agreement can be entered into between the company and the employee can enter into an agreement on payment of the enterprise’s company contribution being as a supplement not qualifying for holiday pay, which shall be paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in supplement applicable under the Danish Holiday Act On resignation(ferieloven). Upon termination, this will be paid together with the last wage payment. Where the enterprise company and the employee have agreed that the enterprise’s company contribution is to be paid together with the holiday allowancesupplement, the enterprise may, from 1 May 2020 company can instead choose to pay the enterprise’s company's pension contribution on an ongoing basis with the wage wages as an allowance not giving a supplement without entitlement to holidays. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement state pension ageage on or after 1 May 2020, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving a supplement without entitlement to holidays. The insurance coverage ends Insurance cover ceases when the employee reaches retirement state pension age. If the employee fails to does not make a choice, the enterprise continues paying into company will continue to contribute to the pension scheme. Employees having attained who have reached the age of 60 and who are not already covered by the pension scheme, scheme must not have any a labour market pension scheme createdbe set up. For these employees, the enterprise’s company's pension contribution is paid together with the holiday allowancesupplement. From 1 May 2020, the enterprise may The company can choose to pay the enterprise’s company's pension contributions contribution on an ongoing basis with the salary wages as an allowance a supplement not giving entitlement to holidays. Unless otherwise stipulated in this agreement, the pension scheme must be established with: Pension qualifying for Funktionærer (pension for salaried employees) – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Telephone: +00 00000000holiday pay.

CONDITIONS FOR ENTITLEMENT TO PENSION. All employees must have a pension scheme in place once when the following conditions have been condi- tions are met: The scheme covers employees who have reached the age of 18. However, the age requirement for students/trainees is 20. The employee must have been employed continuously without interruption for three 3 months at with one or more enterprises companies covered by the collective agreement. This length of service seniority requirement is set aside shall be disregarded in cases where the employee was is already covered by an occupational a labour market pension scheme based on a collective agreement when they were hiredat the time of employment. For employees who fulfil the above conditions, it also applies that other conditions condi- tions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes shall go to the old old-age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprisecompany’s pension contributions go to life annuity/annuity / discontinuing old-age pension without insurance elements. The enterprise An agreement can be entered into between the company and the employee can enter into an agreement on payment of the enterprise’s company contribution being as a supplement not qualifying for holiday pay, which shall be paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in supplement applicable under the Danish Holiday Act On resignation(ferieloven). Upon termination, this will be paid together with the last wage paymentpayment of wages. Where If the enterprise company and the employee have agreed that the enterprise’s company contribution is shall be paid together with the holiday allowancesupplement, the enterprise may, from 1 May 2020 company can choose to pay the enterprise’s company's pension contribution on an ongoing basis with the wage wages as an allowance a supple- ment not giving entitlement to holidaysqualifying for holiday pay. For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement pension ageage on or after 1 May 2020, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving a supplement without entitlement to holidays. The insurance coverage ends Insurance cover ceases when the employee reaches retirement state pension age. If the employee fails to does not make a choice, the enterprise continues paying into company will continue to contribute to the pension scheme. Employees having attained who have reached the age of 60 and who are not already covered by the a pension scheme, must scheme do not need to have any a labour market pension scheme createdbe set up. For these employees, the enterprise’s company's pension contribution is paid together with the holiday allowancesupplement. From 1 May 2020, the enterprise may The company can choose to pay the enterprise’s company's pension contributions contribution on an ongoing basis with the salary wages as an allowance a supplement not giving entitlement to holidaysqualifying for holiday pay. Unless otherwise stipulated stated in this agreement, the pension scheme must shall be established estab- lished with: Pension for Funktionærer (pension for salaried employees) Salaried Employees – XXX Xxxxxxx Xxxxxxxxxxxxx PFA Pension Sundkrogsgade 0 XX-0000 Xxxxxxxxxx X TelephoneXxxxnhagen Ø Phone: +00 00000000+45 39175000