Company Car
The employee is entitled to an individual company benefit car according to current benefit car policy. Accordingly, if the employee decides to get a company benefit car, a deduction from the monthly gross salary will be made according to current benefit car policy. If the employee chooses not to take the option of an individual benefit car within a year from this contract date, the continuation of the benefit will be reconsidered according to the benefit car policy.
Pension
The Employee shall receive pension benefits according to the pension plan defined by Swedish law, collective agreements and Volvo Car’s pension regulations. ITP 1 is applicable-for white collar employees born 1979 and later. ITP 2 is applicable for white collar employees born 1978 or earlier. For employees who made a choice to refrain from ITP 2, by choosing alternative ITP with a former employer, ITP 1 is applicable for all ages. Note, companies within the Volvo Car Group are not seen as “former employer(s)”, when an employee transfers between companies within the Group.
Variable pay programme
See appendix
Other conditions of employment
The applicable collective agreement —either Teknikavtalet Unionen/Sveriges Ingenjörer/ Ledarna or an equivalent national collective agreement valid at the time.—applies. In addition to the national collective agreement, the local collective agreement at the Company applies,
Compliance of Company policies and regulations
The Employee shall comply with the Code of Conduct and other applicable policies and regulations at the Company.
Confidentiality and loyalty
The Employee must exercise complete discretion and loyalty concerning the Company. Both during and after the employment, the Employee shall hold trade secrets, including without limitation, secret information contained in invention disclosures, unreleased product names and designs, strategic product and cycle plans, planned acquisitions, know-how, data, software code; specifications, manufacturing processes, supplier information etc. of the Company in strict confidence. The Employee shall not disclose these trade secrets to anyone except other employees of the Company who have a need to know the trade secrets in connection with the Company’s business. The Employee also agrees to not share with the Company any trade secrets belonging to third parties; such as a former employer, that may be in the Employee’s possession.-The Employee may be subject to legal proceedings for any misuse or unauthorised disclosure of any trade secrets and/or know-how both during and after employment within the Company,
Intellectual Property
The Employee acknowledges that all intellectual property (IP) that the Employee generates, modifies or improves in the course of the Employment Contract shall be or remain assigned to the Company from its creation, without compensation other than that established within the scope of law (i.e. reasonable compensation for ideas which constitute patentable inventions), within the legal limits. For purposes of this contract, IP includes, but is not limited to (i) inventions, innovations and discoveries (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto; (ii) know-how, ideas, concepts, creations, layouts, designs, drawings, patterns, models, compositions, architectures, protocols, formulas, algorithms, processes, programs, methods, computer software (including object code and source code and related documentation), and research and development; (iii) patents; (iv) trademarks; (v) copyrights; (vi) design rights; (vii) internet domain names and registrations and applications for registration or renewals thereof, and email addresses, telephone numbers, social media identifications and tags; (vii) all rights in databases and data collections; (viii) all moral and economic rights of authors and inventors, however denominated; (ix) topographies of semiconductor products; (x) confidential information; and (xi) trade secrets.
Personal data
The employee has been informed and agrees that personal data, regulated under GDPR (General Data Protection Regulation), may be registered by the Company. The employee has also been informed and has agreed to that such information may be transferred to a third party for system management purposes.
