Common use of Industrial disability Clause in Contracts

Industrial disability. The present Company policy for Executives and members of the Board of Management with regard to industrial disability is that for a maximum period of three years from the start of disablement, but at the very latest up to the end of the Contract, the balance between your annual salary, as stated in paragraph 3, at the start of the total disability and the aggregate amount of any statutory allowance distributed because of your total disablement together with possible allowances distributed for the same reason by “Stichting Philips Pensioenfonds” as referred to in paragraph 8 hereof , will - subject to your compliance with the Company’s directives - be paid by the Company. The Company shall not be bound by the aforesaid obligation if you have a claim against third parties in respect of your disablement. Upon surrender to the Company of such claim - in so far as it relates to loss of salary - an amount equal to the aforesaid balance shall - but for no longer than the period stated in the foregoing paragraph - be paid by the Company in advance. However, should this policy change, the new policy will apply in full to you. No concessions will be made if the new policy is less favorable than the present policy.

Industrial disability. The present Company policy for Executives and members of the Board of Management with regard to industrial disability is that for a maximum period of three years from the start of disablement, but at the very latest up to the end of the Contract, the balance between your annual salary, as stated in paragraph 3, at the start of the total disability and the aggregate amount of any statutory allowance distributed because of your total disablement together with possible allowances distributed for the same reason by “Stichting Philips Pensioenfonds” as referred to in paragraph 8 hereof 6 of this letter, will - subject to your compliance with the Company’s directives - – be paid by the Company. The Company shall not be bound by the aforesaid obligation if you have a claim against third parties in respect of your disablement. Upon surrender to the Company of such claim - – in so far as it relates to loss of salary - – an amount equal to the aforesaid balance shall - – but for no longer than the period stated in the foregoing paragraph - – be paid by the Company in advance. However, should this policy change, the new policy will apply in full to you. No concessions will be made if the new policy is less favorable than the present policy.. Employment contract between the Company and Mx X.X. xxx Houten 5

Industrial disability. The present Company policy for Executives and members of the Board of Management with regard to industrial disability is that for a maximum period of three years from the start of disablement, but at the very latest up to the end of the Contract, the balance between your annual salary, as stated in paragraph 3, at the start of the total disability and the aggregate amount of any statutory allowance distributed because of your total disablement together with possible allowances distributed for the same reason by “Stichting Philips Pensioenfonds” as referred to in paragraph 8 hereof 6 of this letter, will - subject to your compliance with the Company’s directives - be paid by the Company. The Company shall not be bound by the aforesaid obligation if you have a claim against third parties in respect of your disablement. Upon surrender to the Company of such claim - in so far as it relates to loss of salary - an amount equal to the aforesaid balance shall - but for no longer than the period stated in the foregoing paragraph - be paid by the Company in advance. However, should this policy change, the new policy will apply in full to you. No concessions will be made if the new policy is less favorable than the present policy.. Employment contract between the Company and Mr T.W.H.P. van Deursen 5