Common use of New Execution Agreement Clause in Contracts

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be determined and transferred; - the costs of the transfer are for your account. See Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ former participants. The transfer value consists of: - the value of the investments for the Investment Pension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be determined and transferred; - we will charge the costs of incurred for the transfer are for your accounttransfer. See Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ former participants. The transfer value consists of: - the value of the investments for the Investment Pension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted commutation value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be is determined and transferred; - the costs of the transfer are for your account. See Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ participants/former participants. The transfer value consists of: - the value of the investments for the Investment Pension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted commutation value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be is determined and transferred; - the costs of the transfer are for your account. See also Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ participants/former participants. The transfer value consists of: - the value of the investments for the Investment Pensionpension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted commutation value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be is determined and transferred; - we charge for the costs of the transfer are for your accounttransfer. See also Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ participants/former participants. The transfer value consists of: - the value of the investments for the Investment Pension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be determined and transferred; - we will charge the costs of incurred for the transfer are for your accounttransfer. See Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ participants/former participants. The transfer value consists of: - the value of the investments for the Investment Pension.

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be determined and transferred; - we will charge the costs of incurred for the transfer are for your accounttransfer. See Section 3.5 3.8 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ former participants. The transfer value consists of: - the value of the investments for the Investment Pension; and - the reserve of the Guaranteed Pension.