Article L23-11-2 of the French Commercial code
The sharing undertaking defined in article L. 23-11-1 is set out in an agreement between any holder of securities and the company concerned, which undertakes to transfer the amount resulting from the sharing commitment to the employees concerned, from which it will deduct the tax and social security charges that this transfer generates. The signature of the capital gains sharing agreement is subject to the prior existence, in each company…