Commitments and Contingencies
Guarantees and Other Commitments
In 1995, the Company sold its Dietetics business line. In accordance with the German Civil Code, the Company remains liable for the pension commitments for holders of annuities and prospective beneficiaries since the sale was consummated as an asset deal. The Company is obliged to make payments on demand of the former employees, but has the right of refund from the acquirer according to the purchase agreement. No payments have been requested so far.
Rental and Lease Arrangements
The Company rents and leases property and equipment used in its operations. The rental and lease contracts expire on various dates in the future.
Future minimum lease payments for non-cancelable operating and finance leases are:
Total rent and lease expense was € 14.7 million and € 12.7 million for the years ended December 31, 2015 and 2014, respectively.