Common use of Flex Benefits Clause in Contracts

Flex Benefits. 1. With the flex budget employees can do the following in Flex Benefits: – Purchase leave hours; – Participate in the bicycle scheme; – Settle the trade union contribution in a tax-friendly manner; – Reserve the budget for later; 2. Spending in Flex Benefits cannot be higher than the current balance in Flex Benefits. Leave Wellbeing, sickness and invalidity Pension and death Other schemes Appendix 3. At the end of a calendar year a potential positive balance in Flex Benefits is, for tax reasons, paid out to the employee. Purchased leave hours that the employee did not use or sell will also be paid out in January of the following calendar year. At the start of the sceme the demotion supplement amounts to less than € 600.00 gross per month At the start of the sceme the demotion supplement amounts to € 600.00 gross or more per month 1st year, immediately upon start of demotion 75% of the supplement 1st year, immediately upon start of demotion 75% of the supplement 2nd year, first half of the year 50% of the supplement 2nd year 50% of the supplement 2nd year, second half of the year 25% of the supplement 3rd year 25% of the supplement From the 3rd year 0% (supplement has fully been phased out) From the 4th year 0% (supplement has fully been phased out) General Working at Aegon Training and development