Common use of Salary Scales Clause in Contracts

Salary Scales. Pension and death The salary scales in effect from September 1, 2022, and July 1, 2023 are located in appendix 2 of this CLA. Effective January 1, 2021, these salary scales also apply to Corporate Center and the amounts will be shown as the annual salary (excluding the flex budget). Corporate Center employees who were previously Other schemes affected by an adjustment to the pay policy in 2017 are given the choice to remain in the Corporate Center salary structure along with the corresponding salary growth. The Corporate Center salary scales will remain in effect for employees who choose to remain in that system until January 1, 2024. This transitional arrangement is recorded in the 2020-2022 negotiation results. • The maximum salary for every scale is 100%. • The run-off maximum for every scale is 110%. This run- off maximum can only be earned in case of an ‘Excellent’ assessment. • Effective October 1, 2020, it is no longer possible to grow beyond, or be classified in, the run-off maximum of 110%. There are three exceptions to this rule: a. Employees who already exceed the 110% run-off maximum of their salary scale before October 1, 2020; General b. Employees who, as a result of the pay structure alignment between Aegon Nederland and Corporate Center on January 1, 2021, are classified in the new salary scale and exceed the 110% run-off maximum of that new scale; c. Employees who are classified in a lower salary scale as of June 1, 2022 as a result of the Global Grading project, whereby the reference position in that new (lower) salary scale temporarily exceeds the 110% run-off maximum. In this case, no CLA increases or Perform & Develop cycle increases will be awarded until the salary reaches the 100% maximum or less of the new, lower salary scale. • The minimum salary is derived from the maximum salary and differs per scale: – 70% for the scales 1 up to and including 6 (as of January 1, 2023 for scales 3 through 8); – 60% for the scales 7 and above (as of January 1, 2023 for scales 9 and above).

Salary Scales. Pension and death The salary scales in effect from September October 1, 20222020, and July January 1, 2023 2021 and March 1, 2021 are located in appendix Appendix 2 of this CLA. Effective January 1, 2021, these salary scales also apply to Corporate Center and the amounts will be shown as the annual salary (excluding the flex budgetflexbudget). Corporate Center employees who were previously Other schemes affected by an adjustment to the pay policy in 2017 are given the choice to remain in the Corporate Center salary structure along with the corresponding salary growth. The Corporate Center salary scales will remain in effect for employees who choose to remain in that system until January 1, 2024. This transitional arrangement is recorded in the 2020-2022 negotiation results. • The maximum salary for every scale is 100%. • The run-off maximum for every scale is 110%. This run- run-off maximum can only be earned in case of an ‘Excellent’ assessment. • Effective October 1, 2020, it is no longer possible to grow beyond, or be classified in, the run-off maximum of 110%. There are three exceptions to this rule: a. Employees who already exceed the 110% run-off maximum of their salary scale before October 1, 2020; General; b. Employees who, as a result of the pay structure alignment between Aegon Nederland and Corporate Center on January 1, 2021, are classified in the new salary scale and exceed the 110% run-off maximum of that new scale; c. Employees who are classified in a lower salary scale as of June 1, 2022 as a result of the Global Grading project, whereby the reference position in that new (lower) salary scale temporarily exceeds the 110% run-off maximum. In this case, no CLA increases or Perform & Develop cycle increases will be awarded until the salary reaches the 100% maximum or less of the new, lower salary scale. • The minimum salary is derived from the maximum salary and differs per scale: – - 70% for the scales 1 up to and including 6 (as of January 1, 2023 for scales 3 through 8)6; – - 60% for the scales 7 and above (as of January 1, 2023 for scales 9 and above)higher.