Terminating your membership

There is a difference between terminating anyour employment contract with Smart and formally leaving the cooperative. If you terminateTerminating or do not renewrenewing your employment contract, itcontract does not mean that you have to leave the cooperative! ItYou iscan possible to continue to beremain a formal member of the cooperative without being employed. AYou can also start a new employment contract as a member is possible at any time.

To formally resign from the cooperative, we need you to complete this formform.  This forallows officialus to process your resignation officially and efficient processing.efficiently.

In the event of a formal resignation, the acquiredcooperative repurchases your shares are repurchased by the cooperative at the respective value determined at the end of athe relevant financial yearyear. - thisThis is usually notless than the fulloriginal value of €50 €per (forshare. For the 2025 financial year, for example, the value was 41,€41.34 €).per share.

The decisive date for your resignation is the date on which the cooperative receives your notice of resignation.resignation Whenis thedecisive. cooperative receives the notice of termination, theThe notice period begins (on that date and, in our casecase, is 12 months to the end of the financial year),year. whichYour membership ends whenonce thethis membernotice leaves.period has expired.

As a membermember, you can terminate either your entire membership or individual shares.

You mustPlease make it clear in theyour notice of termination whether you arewish terminatingto terminate your membership (in which case theyour entire share capital will be paid out)repaid) or redeem only individual shares,shares (in which case only the corresponding amount will then be paid out accordingly.repaid). If you own only own one share, you cannot redeem it without terminating your membership.

The repayment of your shares aremay only repaidtake up to three years after termination.the termination of your membership.

If we receive your notice of termination between January 1 and December 31, 2026, your membership will end on December 31, 2027, and your share will be repaid after the Annual General Assembly in 2028.