Common use of Foundation Assets Clause in Contracts

Foundation Assets. (1) The Foundation assets comprise the original Foundation assets donated by the founders and the pension fund assets of the individual pension funds. (2) The Foundation assets or parts thereof may under no circumstances be returned to the associated em- ployers or to the founders. The foundation's endow- ment fund must also not be alienated from the pur- pose of staff provident insurance in any other way.

Foundation Assets. (1) The assets of the Foundation consist of the foun- dation's capital, pooled assets comprise the original Foundation assets donated by the founders and the pension fund assets of the individual pension funds. (2) The Foundation assets or parts thereof may under no circumstances be returned to the associated em- ployers or to the foundersfounder. The foundation's endow- ment fund must also not be alienated from the pur- pose of staff occupational provident insurance in any other way.