Common use of CONDITIONS OF ENTITLEMENT TO A PENSION Clause in Contracts

CONDITIONS OF ENTITLEMENT TO A PENSION. All employees shall 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 years. The employee must have been employed continuously for three months at one or more companies 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 aforementioned conditions, it is also the case 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 company’s pension contributions go to an annuity/early retirementearly retirement pension without insurance elements. The company and the employee can enter into an agreement on the company’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, cf. section 23(2) of the Act. If the employee leaves, this will be paid together with the last wage payment. Employees who have reached the age of 60 and are not already covered by a pension scheme will not be enrolled in an occupational pension scheme. The company’s pension contribution shall be paid to these employees together with their holiday allowance, cf. section 23(2) of the Danish Holiday Act. Unless otherwise stated in this agreement, the pension scheme shall be set up with: Pension for salaried employees – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Tel.: +00 0000 0000

CONDITIONS OF ENTITLEMENT TO A PENSION. All employees shall 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 years. The employee must have been employed continuously for three months at one or more companies 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 aforementioned conditions, it is also the case 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 company’s pension contributions go to an annuity/early retirementearly retirement pension without insurance elements. The company and the employee can enter into an agreement on the company’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, cf. section 23(2) of the Act. If the employee leaves, this will be paid together with the last wage payment. Employees who have reached the age of 60 and are not already covered by a pension scheme will not be enrolled in an occupational pension scheme. The company’s pension contribution shall be paid to these employees together with their holiday allowance, cf. section 23(2) of the Danish Holiday Act. Unless otherwise stated in this agreement, the pension scheme shall be set up with: Pension for salaried employees – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Tel.: +00 0000 0000

CONDITIONS OF ENTITLEMENT TO A PENSION. All employees shall have a pension scheme in place once the following conditions have been met: The scheme covers employees who have reached the age of 18. However20, the age requirement for trainees is 20 yearsbut not trainees. The employee must have been employed continuously for three months at one or more companies 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 aforementioned conditions, it is also the case 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 company’s pension contributions go to an annuity/early retirementearly retirement pension without insurance elements. The company and the employee can may enter into an agreement on the company’s contribution being paid as an allowance that does not giving give entitlement to holiday and which is paid out annually together with the holiday allowance stipulated in the Danish Holiday Act, cf. section 23(2) of the Act. If When the employee leaves, this will be paid together with the last final wage payment. Employees who have reached the age of 60 and are not already covered by a pension scheme will not be enrolled in an occupational pension scheme. The company’s pension contribution shall be paid to these employees together with their holiday allowance, cf. section 23(2) of the Danish Holiday Act. Unless otherwise stated in this agreement, the pension scheme shall be set up with: Pension for salaried employees – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Tel.: +00 0000 0000

CONDITIONS OF ENTITLEMENT TO A PENSION. All employees shall have a pension scheme in place once the following conditions have been met: • The scheme covers employees who have reached the age of 1820, but not trainees. However, the age requirement for trainees is 20 years. • The employee must have been employed continuously for three months at one or more companies 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 aforementioned conditions, it is also the case 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 company’s pension contributions go to an annuity/early retirementearly retirement pension without insurance elements. The company and the employee can may enter into an agreement on the company’s contribution being paid as an allowance that does not giving give entitlement to holiday and which is paid out annually together with the holiday allowance stipulated in the Danish Holiday Act, cf. section 23(2) of the Act. If When the employee leaves, this will be paid together with the last final wage payment. Employees who have reached the age of 60 and are not already covered by a pension scheme will not be enrolled in an occupational pension scheme. The company’s pension contribution shall be paid to these employees together with their holiday allowance, cf. section 23(2) of the Danish Holiday Act. Unless otherwise stated in this agreement, the pension scheme shall be set up with: Pension for salaried employees – XXX Xxxxxxx Xxxxxxxxxxxxx 0 XX-0000 Xxxxxxxxxx X Tel.: +00 0000 0000