Common use of Information material Clause in Contracts

Information material. The decision to change pension provider may have significant long-term financial consequences for employees’ insurance and pension conditions. Any decision to change pension provider should therefore be taken on a well- informed basis. It is the enterprise’s duty to inform the employees of the details and consequences of any change. It may therefore be relevant to produce an overview of the differences between the relevant pension schemes. The information may be drawn up by the relevant pension providers. The information may be provided in various ways. The parties recommend that the pension providers should draw up an easily understandable and concise set of information material explaining the advantages and drawbacks of the different products offered by the companies. This written material should be supplemented by the provision of a staff meeting at which information is given and employees have the opportunity to ask questions. Employees should be given a period of at least 14 days to seek advice and guidance before the ballot on a possible change of pension provider is held. A change of pension provider must not entail any costs to those insured. This means that a change of pension provider must not involve any deduction from the insured persons’ funds. If the “old” pension provider charges a fee for winding up the deposit, the enterprise or the new pension provider must bear the cost of this. Insurance brokers are independent persons or companies whose role is to obtain the best possible insurance conditions for their customers. Insurance brokers are the enterprise’s advisors. Where an insurance broker is involved in the change of pension provider, it is recommended that the enterprise should inform employees of how the broker is paid. This information can be provided together with the other details given to employees in connection with the change of pension provider. There are no rules laid down in the collective agreement for the way in which the ballot should be conducted. The ballot may therefore be handled in the way the enterprise finds most appropriate. If there is a request for a secret ballot, the enterprise must consider whether to comply with this request. If doubts are subsequently raised as to whether the ballot was conducted correctly, the enterprise needs to be able to document this. The parties therefore recommend that the ballot should be held in writing. The enterprise may establish a ballot committee with one representative from management and one from the staff. No approval is required. Dansk Erhverv Arbejdsgiver or HK do not have to approve a change of pension provider.

Information material. The decision to change pension provider may can have significant long-term financial consequences for employees’ ' insurance and pension conditions. Any decision to change switch pension provider providers should therefore be taken made on a well- well-informed basis. It is the enterprise’s duty company's obligation to inform the employees of about the details and consequences conse- quences of any a possible change. It may therefore be relevant to produce prepare an overview of the differences between in the relevant pension schemes. The information may can be drawn up provided by the relevant pension providers. The information Information may be provided in various many ways. The parties recommend that the pension providers should draw up an prepare easily understandable and concise set of information material explaining that explains the advantages and drawbacks disadvan- tages of the different various products offered by the companies. This The written material should be supplemented by with the provision offer of a staff meeting at which where the information is given provided and employees have there is the opportunity to ask questions. Employees should be given a period of at least 14 days Aperiodofatleast14daysshouldbegivento employees to seek get advice and guidance guid- ance,before the ballot on a ona possible change of pension provider is heldtakes place. No cost to employees A change of pension provider must not entail any costs be made at no cost to those insured. This means that a change of changing pension provider must not may involve any deduction from the insured persons’ funds. If the “"old” " pension provider charges a fee for winding up in connection with the calculation of the deposit, the enterprise company or the new pension provider must bear the cost of thisthis cost. Insurance brokers Insurance brokers are independent persons individuals or companies whose role job it is to obtain ensure customers get the best possible insurance conditions for their customersterms. Insurance brokers are The insurance broker is the enterprise’s advisorscompany's advisor. Where If an insurance broker is involved in the change of pension provider, it is recommended recom- mended that the enterprise should inform company informs employees of about how the insurance broker is paidremunerated. This The information can be provided together with the other details given to informa- tion that employees receive in connection with the change of pension provider. There are no The ballot itself No rules laid down have been agreed in the collective agreement for the way in which on how the ballot should be conducted. The ballot may voting can therefore be handled performed in the way the enterprise finds company deems most appropriate. If there is a request for a secret ballotballot is requested, the enterprise company must consider whether to comply with this honour such a request. If doubts are subsequently raised as to whether about the ballot was conducted correctlycorrectness of the ballot, it is the enterprise needs to company that must be able to document this. The parties therefore recommend that the ballot should be held in writing. The enterprise company may establish a ballot committee with one representative from management and one representative from the staffemployees. No approval is required. Dansk Erhverv Arbejdsgiver or HK do does not have to approve a change of pension provider.

Information material. The decision to change pension provider may have significant long-term financial consequences for employees’ insurance and pension conditions. Any decision to change pension provider should therefore be taken on a well- well-informed basis. It is the enterprise’s duty to inform the employees of the details and consequences of any change. It may therefore be relevant to produce an overview of the differences between the relevant pension schemes. The information may be drawn up by the relevant pension providers. The information may be provided in various ways. The parties recommend that the pension providers should draw up an easily understandable and concise set of information material explaining the advantages and drawbacks of the different products offered by the companies. This written material should be supplemented by the provision of a staff meeting at which information is given and employees have the opportunity to ask questions. Employees should be given a period of at least 14 days to seek advice and guidance before the ballot on a possible change of pension provider is held. A change of pension provider must not entail any costs to those insured. This means that a change of pension provider must not involve any deduction from the insured persons’ funds. If the “old” pension provider charges a fee for winding up the deposit, the enterprise or the new pension provider must bear the cost of this. Insurance brokers are independent persons or companies whose role is to obtain the best possible insurance conditions for their customers. Insurance brokers are the enterprise’s advisors. Where an insurance broker is involved in the change of pension provider, it is recommended that the enterprise should inform employees of how the broker is paid. This information can be provided together with the other details given to employees in connection with the change of pension provider. There are no rules laid down in the collective agreement for the way in which the ballot should be conducted. The ballot may therefore be handled in the way the enterprise finds most appropriate. If there is a request for a secret ballot, the enterprise must consider whether to comply with this request. If doubts are subsequently raised as to whether the ballot was conducted correctly, the enterprise needs to be able to document this. The parties therefore recommend that the ballot should be held in writing. The enterprise may establish a ballot committee with one representative from management and one from the staff. No approval is required. Dansk Erhverv Arbejdsgiver or HK do not have to approve a change of pension provider.