Common use of Pension Rights Clause in Contracts

Pension Rights. As from the Commencement Date, you shall be included in the Pension Regulations of “Stichting Philips Pensioenfonds” applicable to executives, in respect of your pensionable salary up to the current statutory limit of EUR 128,810 which may change from time to time (“Statutory Pensionable Salary”) if and as soon as you meet the requirements set out in those pension regulations. In respect of your pensionable salary exceeding the Statutory Pensionable Salary, you shall be entitled to the pension allowance applicable to members of the Executive Committee, in accordance with the rules and conditions governing this pension allowance. The level of the pension allowance is and remains at the discretion of the Company. Currently the pension allowance for the part of your Annual Base Compensation exceeding the Statutory Pensionable Salary is set at 25% of your Annual Base Compensation exceeding the Statutory Pensionable Salary.

Pension Rights. As from the Commencement Date, you the Director shall be included in the Pension Regulations of “Stichting Philips Pensioenfonds” applicable to executives, in respect of your the pensionable salary up to the current statutory limit of EUR 128,810 110,111 which may change from time to time (“Statutory Pensionable Salary”) if and as soon as you meet he meets the requirements set out in those pension regulations. In respect of your the pensionable salary exceeding the Statutory Pensionable Salary, you the Director shall be entitled to the pension allowance applicable to members of the Executive Committee, in accordance with the rules and conditions governing this pension allowance. The level of the pension allowance is and remains at the discretion of the Company. Currently Currently, the pension allowance for the part of your the Annual Base Compensation exceeding the Statutory Pensionable Salary is set at 25% of your the Annual Base Compensation exceeding the Statutory Pensionable Salary.

Pension Rights. As from the Commencement Date, you the Director shall be included in the Pension Regulations of “Stichting Philips Pensioenfonds” applicable to executives, in respect of your the pensionable salary up to the current statutory limit of EUR 128,810 (reference date January 1, 2023) which may change from time to time (“Statutory Pensionable Salary”) if and as soon as you meet he meets the requirements set out in those pension regulations. In respect of your the pensionable salary exceeding the Statutory Pensionable Salary, you the Director shall be entitled to the pension allowance applicable to members of the Executive Committee, in accordance with the rules and conditions governing this pension allowance. The level of the pension allowance is and remains at the discretion of the Company. Currently Currently, the pension allowance for the part of your the Annual Base Compensation Salary exceeding the Statutory Pensionable Salary is set at 25% of your the Annual Base Compensation Salary exceeding the Statutory Pensionable Salary.

Pension Rights. As from the Commencement Date, you shall be included in the Pension Regulations of “Stichting Philips Pensioenfonds” applicable to executives, in respect of your pensionable salary up to the current statutory limit of EUR 128,810 137,800 which may change from time to time (“Statutory Pensionable Salary”) if and as soon as you meet the requirements set out in those pension regulations. In respect of your pensionable salary exceeding the Statutory Pensionable Salary, you shall be entitled to the pension allowance applicable to members of the Executive Committee, in accordance with the rules and conditions governing this pension allowance. The level of the pension allowance is and remains at the discretion of the Company. Currently the pension allowance for the part of your Annual Base Compensation exceeding the Statutory Pensionable Salary is set at 25% of your Annual Base Compensation exceeding the Statutory Pensionable Salary.

Pension Rights. As from the Commencement Date, you shall be included in the Pension Regulations of “Stichting Philips Pensioenfonds” applicable to executives, in respect of your pensionable salary up to the current statutory limit of EUR 128,810 114,866 which may change from time to time (“Statutory Pensionable Salary”) if and as soon as you meet the requirements set out in those pension regulations. In respect of your pensionable salary exceeding the Statutory Pensionable Salary, you shall be entitled to the pension allowance applicable to members of the Executive Committee, in accordance with the rules and conditions governing this pension allowance. The level of the pension allowance is and remains at the discretion of the Company. Currently the pension allowance for the part of your Annual Base Compensation exceeding the Statutory Pensionable Salary is set at 25% of your Annual Base Compensation exceeding the Statutory Pensionable Salary.