Founder means DuPont de Nemours International Sàrl, represented by its Chairman or any of his delegated representatives.

Employer means the Founder and any Company affiliated to the Foundation.

Group Company means any enterprise wholly owned by the Founder, E.I. DuPont de Nemours and Company or any of its wholly owned or at least 50% owned subsidiaries.

Plan means the Pension Plan for the Personnel of DuPont de Nemours International Sàrl as set forth, herein.

Employee means any person who works for the employer.

Participant means an Employee or a former Employee insured by the Foundation.

Active Participant means an Employee insured by the Foundation.

Disabled Participant means an insured recognised as disabled by the AI.

Pensioner means a former Participant who has received a retirement pension from the Foundation.

Portable Benefit means a capital amount to which a former Participant is entitled under the provisions of Section 8.

Surviving Spouse means the surviving spouse of a deceased Participant.

Registered partner of the same gender: A partnership registered under the federal law of June 18, 2004 regarding registered partnership is treated as a marriage. This applies in particular to the eligibility for lump sum benefits, for the right to survivor benefits and the sharing of pension assets in case of cancellation of the partnership.

Child means the child in the sense of the Swiss Civil Code as well as a foster child for whom the Participant participated substantially to his care (or did at the time of the Participant’s death).

Orphan means the child of a deceased Participant, which child is under age of 20, or 25 if receiving training as an apprentice or continuing in school as a full-time student.

Half Orphan means an Orphan who has one surviving parent or stepparent. Remarriage of the surviving parent or stepparent shall not change the status of Half Orphan.

Whole Orphan means an Orphan who, at any time, has neither living parent nor stepparent.

Survivor(s) means the surviving Spouse and/or Orphan(s).

Heir(s) means the heir(s) as described by the Swiss Civil Code.

Leave of Absence means any absence approved in writing by the employer for a maximum of two years.

Disability means the incapacity to work as recognised by the AI of at least 25%.

Social Security means the AVS and the AI.

Monthly pay means the Participant’s monthly gross base salary, before deductions, based on his regular working schedule, or for part-time employees the schedule adjusted for average percentage time worked as specified in Section 1.25, as paid by the employer or paid from another source during an unpaid leave of absence in accordance with Section 3.2, plus an increment equal to 1/12 of said monthly gross salary to reflect the payment of a thirteenth month, but excluding any overtime, annual lump sum awards, family allowances, or other awards or perquisites.

Social Security-Covered Pay means that portion of Monthly Pay, which equals 100% of the monthly individual AVS pension.

Pension-Bearing Pay means that portion of Monthly Pay in excess of Social Security-Covered Pay. Pension Bearing Pay is not reduced in the event of an increase in the maximum AVS pension according to Section 1.23.

Final Three-Year Pension-Bearing Pay means average Pension-Bearing Pay during the final 36 months, or actual number of months if less than 36, in which Monthly Pay was received. For purposes of determining this average only, Pension-Bearing Pay applicable to each month of paid Leave of Absence shall be calculated in accordance with Section 1.24. However, the base Monthly Pay shall not be less than the Monthly Pay earned for the last complete month immediately preceding the paid Leave of Absence. The Final Three-Year Pension-Bearing Pay of employees working or having worked part-time will correspond to the amount calculated assuming an activity rate of 100% and be adjusted on the basis of the average percentage of time worked during the entire duration of the Participation Credit.

Participation Credit means the sum of months in which Pension-Bearing Pay applies, increased by purchase of benefits in accordance with Section 4.3 and reduced by withdrawal to finance home ownership or withdrawal due to a divorce.

Normal Retirement Date means the first day of the calendar month following the date at which the Participant attains age 65.

Effective Date of Retirement means the first day of the calendar month in which actual retirement with pension occurs.

LPP means the Swiss Federal Law on Retirement, Dependants and Disability Pensions of June 25, 1982, and any relevant implementing regulations.

AVS means the Swiss old-age and survivors’ insurance established by the federal law of December 20, 1946.

AVS Retirement Age means age 65 for men and age 64 for women.

AI means the Swiss disability insurance established by the federal law of June 19, 1959.

This Defined Benefit Pension plan covers all employees who were Active Participants as at 30 June 2012 in the Foundation.

Participation ceases as of termination of employment when the employee leaves the Foundation; Section 8.5 a) remains applicable in the case of a transfer of the employee to a Group company while maintaining the Participation Credit already acquired.

An active Participant shall receive Participation Credit for each month in which he receives Pension-Bearing Pay. For employees working or having worked part-time, an example is illustrated in the attachment 6 to the present rules. In order to calculate the average and amount of benefits in case of disability or death, future insurance years are taken into consideration on the basis of the part-time worked at the time of such disability or death.

An active Participant placed on unpaid Leave of Absence while temporarily performing duties outside the employer at its request and with its approval who continues to contribute shall receive Participation Credit for such periods on the basis of Pension-Bearing Pay calculated in accordance with Sections 1.23 and 1.24.

An active Participant placed on unpaid Leave of Absence who ceases to contribute shall also cease to receive Participation Credit but he shall retain all Participation Credit previously accrued.

A Participant who becomes disabled as defined in Section 1.20 shall be granted a Disability pension under Section 5.5 and remains eligible for survivor benefits. He will benefit from a Participation Credit for the period during which he receives a disability pension pro rata to the degree of the AI.

An Employee transferred to the employer from a Group Company may, subject to the approval of the Board of the Foundation acting on prior notice of the employer, receive credit for all prior continuous participation in one or more pension plans of Group Companies in determining employee and survivor benefit participation eligibility under this Plan.

Prior Participation Credit, in addition to that acquired as a Participant, may be granted by the Board of the Foundation on prior notice of the employer. Unless otherwise specified in this Plan, the Board of the Foundation on prior notice of the employer shall determine Pension-Bearing Pay applicable to grants of Participation credit.

Apprentices shall receive Participation Credit for periods of contractual apprenticeship carried out at the employer after age 20 upon attaining the status of Employee. The pension for such periods shall be calculated on the same basis as the Monthly Pay actually paid to the employee as a Participant.

Participant Contributions

Active Participants shall contribute to this Plan an amount equal to 8% of Pension-Bearing Pay. Whenever possible, payroll deductions shall be utilised to obtain the contributions and will be transmitted by the employer to the Foundation.

Participants who become disabled as defined in Section 1.20 shall have no obligation to make contributions to the Plan after their Monthly Pay ceases. Such obligation shall resume should they again receive Monthly Pay.

Employer Contributions

Buying in of benefits

All active Participants must transfer in the Foundation their portable benefits from their previous pension funds and from any other recognized institutions.

All active Participants may also buy in additional participation credit, by submitting, within 6 months joining the Foundation, a financial plan outlining such buying in, which must be scrupulously followed or any future participation credit that the Participant committed to buy could no longer be acquired. This buying in of participation credit will be made according to the table of actual annual values published as attachment 1. The total buying in of participation credits may not exceed the normal retirement pension, which would have been accumulated in participating to the present plan as from the age of 20. The number of years of participation credit cannot exceed 45.

Voluntary contributions from Participants

The maximum amount for these voluntary contributions is equal to the difference between the following two amounts:

Present value of maximum accrued pension, with participation credit calculated from age 20 until the date of payment, based on the pensionable salary and present value factor at the date of payment (see attachment 1).

Present value of accrued pension plus voluntary contributions with interest accrued at the date of payment.

Active Participants, who made voluntary contributions up to the maximum amount according to Section 4.4 A, may make additional contributions into a separate account to pre-finance the reduction of benefits resulting from early retirement (retirement account).

The interest credited on the voluntary contributions will be calculated as follows:

For all voluntary contributions made on or after March 1^st 2012, the interest will be credited based on the rolling average net investment return of the whole Foundation over the previous 5 calendar years, less 0.15% to cover administration charges. Should the rolling return calculation be negative, zero interest credit will be applied.

For all voluntary contributions made prior to March 1^st 2012, along with all interest credited to these funds: the interest credited on these voluntary contributions is equal to the net return of the whole Foundation portfolio less 1% for administration fees and investment risks, subject to at least the minimum LPP interest rate.

These voluntary contributions give eligibility to the following benefits:

At the normal or early retirement date, to a pension, the amount of which is calculated based on the accumulated capital plus interests and attachment 2. The Participant may request the payment of all or part of this pension as a lump sum. The request is irrevocable and must reach the Board of the Foundation at least three months before the normal or early retirement date. If the Participant is married, the spouse’s signature is required for a lump sum payment.

In the case of disability as defined in Section 1.20, to an accumulated capital plus interests at the time of disability, when the Foundation begins the payment of the disability pension. If the Participant is married, the spouse’s signature is required for a lump sum payment.

In case of death before retirement date, to an accumulated capital plus interests to be paid to survivors at the time of death, in accordance with Section 7.1.

Should the Participant leave the employment of the employer, the accumulated capital plus interests would be paid in addition to the benefit defined in Section 8, as of his leaving from the Foundation.

General provisions for buying in benefits and voluntary contributions

The Participant must transfer in the Foundation all his vested benefits from previous pension funds and from any other recognized institutions before he can buy in benefits and/or make voluntary contributions.

The maximum amounts for buying in benefits and making voluntary contributions will be offset by:

The accrued assets from 3rd pillar a by independent persons

Any vested benefits from previous pension funds which could not have been transferred in the Foundation.

Benefits resulting from additional contributions as defined in Sections 4.3 B and 4.4 cannot be paid as a lump sum before a three year waiting period from receipt of payment.

When anticipated payments have been made to finance home ownership, additional contributions as defined in Sections 4.3 B and 4.4 will be first considered as a reimbursement of these anticipated payments, and only amounts above these anticipated payments as a true voluntary contribution.

For Participants coming from abroad and who have never been affiliated to a Swiss pension plan, the maximum voluntary contributions as defined in Section 4.3 B and Section 4.4 cannot exceed 20% of the pensionable salary for the 5 years following their date of entry in a Swiss pension fund. The limit of 20% does not apply when the transfer is made directly from a foreign pension plan and the employee does not claim any fiscal advantages on the transferred amount.

Underfunding

If and for as long as the Foundation is underfunded according to the LPP, the Board of the Foundation may require a supplementary contribution from the employer, Participants and Pensioners. It may also carry out appropriate benefit reductions or use any other measure permitted by law.

The supplementary contribution from the employer should only be charged with its consent to the extent that this will be used to finance extra-mandatory benefits.

The supplementary contribution is not included in the calculation of the Portable Benefit.

If a supplementary contribution is demanded, the Board of the Foundation will inform the Participants about:

its rate or amount;

the expected period to be paid;

distribution between the employer and Participants.

Normal Retirement Pension

Eligibility - A Participant who reaches his Normal Retirement Date shall become eligible for a normal retirement pension. Retirement shall be compulsory upon reaching the Normal Retirement Date.

Pension Amount - The monthly normal retirement pension for each Participant shall be:

Early Retirement Pension

Calculating a basic pension amount, as provided in Section 5.1 B and

Reducing this amount by 4% per year preceding the normal retirement date (for example, at age 58 the reduction is 28% and at age 61 the reduction is 16%).

For the Participants aged 58 or above as at 31 December 2012, the pension amount is reduced by 4% per year between age 58 and 59, 3% per year between age 59 and 62 and no reduction between age 62 and age 65 (for example, at age 58 the reduction is 13% and at age 61 the reduction is 3%).

For the Participants aged between 50 and 57 as at 31 December 2012, the pension amount is reduced by 2% per year preceding the normal retirement date (for example, at age 58 the reduction is 14% and at age 61 the reduction is 8%).

Facilitated Retirement

Lump Sum Option for Retirement Pension

Disability Pension

Eligibility - A Participant who becomes disabled as defined in Section 1.20 shall be retired as a Disability Pensioner. Should such a Pensioner no longer be disabled in the sense of Section 1.20 before reaching Normal Retirement, his Disability retirement pension shall cease and the provisions of Section 8.6 shall apply.

Pension Amount - The monthly Disability retirement pension shall be the sum of two parts as follows:

An amount based on pension retirement entitlement at the date of Disability Retirement, calculated as provided in Section 5.1B,

An amount equal to [1.8% x Sdf x Sp] / 12

The disabled participant has the right to a disability orphan pension for each child who would have an orphan pension under Section 6.2. The child disability pension will amount to the minimum LPP benefit.

In case of partial disability the pension amount calculated under Section 5.5. B will be adjusted as follows in accordance with the degree of disability determined by the AI:

Maximum Total Disability Pensions - In no event shall the combined total of Disability Pensions due (children pension included) in respect to any month from a) this plan, b) the Social Security, c) the employer’s insurance plans and d) the old age benefits paid by Swiss or foreign social insurances or pension funds after the AVS Retirement Age exceed the greater of:

100% of the disabled participant’s final Monthly Pay or

100% of his three-year average monthly pay.

Salary possibly paid by the employer or allowances paid to replace the loss of income;

The income received by a disabled Participant from exercising a gainful occupation as well as all income that a disabled Participant could still reasonably achieve. However, the additional income realised during the execution of a new measure of rehabilitation proposed by the AI is not taken into account.

Temporary complementary pension

A pensioner eligible for an early retirement pension as defined in Section 5.2 and who has not yet attained the normal AVS retirement age may upon request receive a temporary complementary pension.

The amount of the temporary complementary pension shall be chosen by the pensioner but it may not exceed an amount equal to that of the Swiss federal single person old-age pension (AVS) acquired by the pensioner during employment with the employer, nor may result in a reduction of the pension of more than 30%. The amount chosen may not be later modified.

The temporary complementary pension shall cease as of the normal AVS retirement age but at the latest following the pensioner’s death. Survivors shall not be eligible for the temporary complementary pension.

The amount necessary to finance the temporary complementary pension shall be determined by an actuarial calculation according to a table using the same actuarial basis and techniques used to define the level of pension funding - see attachment 3; it shall be levied by equal deductions from the pension payable to the beneficiary of the temporary complementary pension as of normal AVS retirement age and during the entire period of such payment of pension or eventual payment of widow or orphan pensions.

Requests for temporary complementary pensions must be made prior to the first payment of early retirement pension.

Pension payable to the Child of a Pensioner

Entitlement - The beneficiary of a retirement pension (early or normal) is entitled to a pension payable for each child who would be entitled to an Orphan Pension under Section 6.2.

Pension amount - The child pension of a Pensioner amounts to the minimum LPP benefit.

Surviving Spouse Pension

Eligibility - When a Participant dies, his surviving Spouse shall receive a pension.

Pension Amount

The pension for the Surviving Spouse of a deceased retirement Pensioner shall be 60% of the pension formerly paid to the deceased Pensioner.

The monthly pension for the Surviving Spouse of an active or disabled Participant shall be 60% of his presumed normal retirement pension. The presumed normal retirement pension equals the sum of:

An amount based on the deceased’s pension entitlement at the time he ceased to be a Participant, calculated as provided in Section 5.1 B,

An amount equal to [1.8% x Sdf x Sp] / 12

The Surviving Spouse pension shall be subject to reductions as provided in Sections 6.1 C and D and 6.3.

Reduction of Surviving Spouse Pension - If the Surviving Spouse is at least 10 years younger than the deceased spouse, the annual survivor’s pension shall be reduced by 1% per year for each year or fraction thereof exceeding the 10 years’ age difference

Marriage after reaching the age of 65 - When a deceased Pensioner has contracted marriage after reaching the age of 65, the Surviving Spouse’s pension, reduced if appropriate according to C above, shall be further reduced according to the following scale:

Termination of Surviving Spouse Pension - A Surviving Spouse’s pension shall cease with payment made for the quarter in which he dies or remarries. If he remarries, he will be paid a settlement allowance equal to 3 years of Surviving Spouse pension payments in lieu of further pension payments.

The benefits for a divorced Spouse are limited to that of the minimum LPP benefit.

Orphan Pensions

Eligibility - When a Participant dies, each of his Orphans shall receive a pension.

Orphan Status - Orphans shall be designated as Half or Whole Orphans in accordance with Sections 1,15 and 1.16 except that a Half Orphan may be declared a Whole Orphan by the Board of the Foundation on the recommendation of the employer when no support is available from the surviving parent or step-parent.

Pension Amount - Orphan pension shall be the following percentage of the actual or presumed employee pension used to calculate Surviving Spouse Pension as provided in Section 6.1 B:

Termination of Orphan Pension - An Orphan’s pension shall cease with the payment made for the quarter in which he reaches age 20, or 25 if receiving training as an apprentice or continuing in school as a full-time student. If an Orphan, who is receiving an orphan pension is permanently disabled when he reaches the age mentioned above, the Orphan pension will continue to be payable according to the degree of disability, and as long as the disability continues.

Maximum Total Surviving Spouse and Orphan Pensions

the deceased’s actual normal or early retirement pension from this Plan or

his presumed normal retirement pension calculated according to Section 5.1 B. Any necessary reductions shall be applied pro rata to each Foundation pension. For purpose of calculation, benefits, which are not in the form of a monthly pension, shall be converted to such form in accordance with the actuarial rules of this Plan.

Lump-sum Death Benefit

Entitlement - When an active or disabled Participant dies due to a cause other than an accident, his or her beneficiaries shall receive a lump sum payment.

the surviving spouse,

failing him, the Participant’s children who are in receipt of an Orphan’s Pension, in equal shares,

failing him, the dependants of the Participant, or the person who cohabitated with the latter for an uninterrupted period of at least 5 years immediately before his death, or who supports one or more common child, in equal shares,

failing them, any children of the Participant who are not beneficiaries of an Orphan’s pension, parents or brothers and sisters in equal shares,

failing them, other legal heirs, excluding public bodies, in the amount of 50% of the lump-sum benefit.

he may grant all or part of the lump-sum death benefits to the surviving spouse, or his children who are beneficiaries of an Orphan’s Pension.

instead of the granting of equal shares, he may provide for a different distribution of the lump-sum death benefit in favour of persons in one of the categories provided in paragraphs a) et seq. above.

Amount - The lump-sum death benefit is 13 times the Participant’s gross Monthly Pay at the time of death.

Minimum lump-sum death capital - In the event of the death of a Participant, entitlement to a lump-sum death benefit is established. If the deceased’s own contributions exceed the benefits already paid and benefits due under this Plan, the difference is paid as a lump-sum death capital. The term “own contributions of the deceased” is understood to mean contributions to Portable Benefits, buying in credits and personal contributions, including voluntary contributions, all with interest until the end of the month in which the contributions were paid. The term “benefits paid and benefits due” is understood to mean benefits paid to the insured and his survivors in the form of a pension or capital, as well as the capitalised value of survivors’ pensions which begin to run after the death. The lump-sum death benefit is paid to a beneficiary defined under Section 7.1.

Entitlement

Amount of the portable benefit

An annual retirement pension equal to 1.8% of the last three years average pension bearing pay at the time the employee leaves the company, multiplied by the number of years and months of participation accumulated or bought (participation credit) at that date.

An annual Surviving Spouse’s pension equal to 60% of the retirement pension.

Portable benefits brought in plus any participation credit plus interest,

The amount of contributions paid by the Participant, with interest, increased by 4% per annum as of age 20, but not more than 100% as of age 45 (see table on attachment 4 to the present rules).

Attribution of a portable benefit

Payment in cash

is entitled to portable benefits of less than the equivalent of one year of participation,

leaves Switzerland permanently, subject to restrictions imposed by international agreements.

leaves the employer to become self-employed, and produces appropriate justification such as registration to the Commercial Register.

Transfer to a Group Company

instead of obtaining a right to future benefits, he retains the Participation Credit already accrued provided, however, that he leaves his own contributions with the Foundation and does not acquire any new benefit participation credit under this Plan; or

his Participation Credit be transferred to the Group Company.

Disabled Participants

Beneficiaries entitled to payment of benefits under this Plan shall be required to execute application forms and provide reasonable proof of facts as the Foundation may require.

Retirement pensions shall be paid monthly in advance beginning with the month of effective date of retirement and terminating at the end of the month in which the Pensioner dies.

Pensions payable to the Survivor(s) shall be paid monthly in advance and shall terminate in accordance with the provision of Section 6.

If a Pensioner is re-employed by the employer as an Employee, he may with the consent of the employer retain all rights of a Pensioner, but without accruing additional Participation Credit.

The amount of the monthly pension computed in accordance with this Plan, if not in whole Swiss francs, shall be increased to the next higher Swiss franc.

This Plan shall not be construed as giving any person the right of employment with the employer or any Group Company.

Pension and other benefits derived from this Plan are for the sole benefit of the beneficiaries thereof and are not subject to assignment, transfer, enforcement, or levy of any kind except to the extent required by law.

All contributions and benefits payable under this Plan shall be calculated and paid out in Swiss Francs. In the event a Participant’s Monthly Pay is in a currency other than Swiss Francs, his Monthly Pay for the purposes of this Plan shall be the Swiss Franc equivalent of such Monthly Pay converted at the official rate of exchange at the time it is due.

The Foundation, following a decision of the Board of the Foundation, may reduce the benefits accordingly if the AI refuses, reduces or stops benefits because the beneficiary has provoked his death or disability by a serious offence or refuses to follow rehabilitation measure proposed by the AI. However, the reduction may not exceed the extent of the reduction, withdrawal or refusal decided by the AVS / AI.

The current pensions in payment are inflation-adjusted according to the financial capabilities of the Foundation. The Board of the Foundation shall decide each year if and to what extent current pensions should be adjusted. The Foundation will include these decisions in its annual report. The minimum provisions of the LPP are reserved.

All Participants may pledge their portable benefits (maximum accumulated until age 50 or if above, half of that accumulated at the time of the request should it be after age 50) and at the latest at age 62 either by pledge or early withdrawal for

Acquisition or construction of a residence,

Acquisition of part of a co-operative habitable residence,

Redemption of existing mortgages.

the property is sold,

equivalent economic transfer rights are granted on the property,

no benefits are payable under this plan in the event of the Participant’s death.

All circumstances not covered by the present Rules will be settled by the Board of the Foundation according to its statutes and according to any laws or orders of the Supervisory Authority

Claims between insured persons, beneficiaries, an employer and the Foundation shall  be brought before the competent Cantonal tribunal.

When the Foundation, as the last known pension plan, has a temporary obligation to assume payment of disability or survivors’ benefits, the entitlement is limited to the minimal LPP requirements. If it is later established with certainty that the Foundation is not responsible for payment of benefits, it will reclaim such benefits.

Each Participant receives a benefits statement at the time of joining the Foundation, when there is an insurance modification, and in the case of marriage, but at least once a year.

Benefits are generally paid into an account in Switzerland; in case of payments made into an account abroad, benefits are reduced by the bank service charges. However, beneficiaries domiciled in a member state of EU or EFTA may request payment on an account in their country of residence without any reduction.

The Foundation can claim repayment of benefits wrongfully obtained or paid, in particular portable benefits which have been provided to eligible disabled participants. If no repayment occurs, the Foundation shall reduce its benefits accordingly.

The Foundation may require to an eligible disabled participant or survivors of a Participant that they surrender their rights to a third party civil liability for the disability or death to the extent of the benefits of the Foundation, and provided that it is not, under the LPP, subrogated to the rights of the insured person’s survivors or other rightful claimants. The Foundation is authorized to suspend its services until the assignment is reached.

The benefits of the Foundation cannot be sold or pledged as long as they are not payable. The right to pledge remains reserved as part of encouraging home ownership. Entitlement to benefits cannot be offset against claims that the employer has transferred to the Foundation that if these claims are intended contributions that have not been deducted from salary.

The Foundation only executes final divorce judgments (decrees absolute) delivered by Swiss courts.

If an active Participant is liable under a pension-sharing order, the Foundation shall reduce his benefits as follows:

the amount decided by the court shall first be deducted from the voluntary contributions account; the balance, if any, shall be deducted from the participation credit based on the rates in Annex 1; as a result, all benefits calculated on the basis of the voluntary contribution account and participation credit are reduced; all the Participant’s other individual accounts shall be reduced proportionately;

if a Participant retires before the end of the divorce proceedings, the Foundation may temporarily pay retirement benefits based on the information available; the exact amount of the retirement benefits will be determined at the end of the divorce procedure; any excess retirement benefits paid shall be deducted from the pension-sharing benefit to the extent they cannot be offset against the Participant’s future benefits.

If a disabled Participant is liable under a pension-sharing order, the Foundation shall reduce his benefits as follows:

the participation credit used to calculate the disability pension in payment will be reduced by the amount decided by the court; the rates set in the Rules applicable at the start of the entitlement to a pension shall apply; all the Participant’s other accounts shall be reduced proportionately;

the disability pension will then be recalculated (reduced) based on the reduced participation credit; the Rules applicable at the start of the entitlement to the pension shall apply; any disabled Participant’s child’s pensions in payment will not be reduced; any future disabled Participant’s child’s pensions will be calculated on the reduced disability pension;

any other pension benefits determined on the basis of the participation credit will also be recalculated (reduced) based on the reduced participation credit.

If the beneficiary of a retirement pension (including the former beneficiaries of disability pensions) is liable under a pension-sharing order, the Foundation shall reduce his benefits as follows:

the retirement pension in payment shall be reduced by the amount decided by the court; the reduction will be converted into a lifelong pension in accordance with Article 19h OLP which the Foundation shall pay to the beneficiary spouse (divorce pension);

the reduction in the retirement pension does not affect any Pensioner’s child’s pensions in payment, or any orphan’s pensions superseding Pensioner’s child’s pensions. However, any new child’s pensions or orphan’s pensions shall be calculated based on the reduced retirement pension.

As a rule, the pension-sharing benefit (vested termination benefit or divorce pension) shall be paid to the occupational benefits institution of the beneficiary spouse or, if he has none, to a vested benefits institution. However:

if the beneficiary spouse satisfies the conditions of Article 5 LFLP, or if he is drawing a full disability pension, the pension-sharing benefit will be paid to him directly at his request;

if the beneficiary spouse has reached the age of 58, the divorce pension will be paid to him directly at his request;

if the beneficiary spouse has reached the LPP normal retirement age, the pension-sharing benefit will be paid to him directly unless he asks for it to be transferred to his occupational benefits institution if the latter accepts such transfers;

at the request of the beneficiary spouse, the divorce pension will be replaced by a single lump-sum settlement calculated in accordance with the principles set forth in Article 19h OLP;

the divorce pension is payable until the death of the beneficiary spouse; from this time, no other benefits (survivor benefits, indemnities, etc.) shall be due to the beneficiary spouse.

Active Participants whose participation credit was reduced in connection with a divorce may increase their participation credit at any time, but not after the occurrence of an insured event, through voluntary contributions. The restrictions in Section 4.3 are not applicable. However, such purchases may not exceed the amount transferred in connection with the divorce. Purchases made after the effective date of the decree absolute shall reduce the purchase allowance in connection with the divorce. Pensioners and disabled Participants cannot make voluntary contributions to compensate the reduction in their pension following a divorce.

If an active or disabled Participant is the beneficiary of a pension-sharing order (lump sum or pension), the Foundation shall apply the amounts received in the same way as a portable benefit The corresponding provisions apply by analogy. The minimum LPP pension assets shall be increased insofar as the Foundation receives such benefits. If a Pensioner is the beneficiary of a pension-sharing order, the corresponding benefits shall be disbursed directly to him and shall not affect the benefits under these Rules.

In the event of a divorce, the Foundation shall provide the information under Article 24 LFLP and Article 19k OLP to the Participant or the court on request.

At the request of the Participant or the court, the Foundation will examine a pension-sharing proposal and express its opinion in writing (feasibility statement).