Article L22-10-60 of the French Commercial code
In a company whose shares are admitted to trading on a regulated market, shares may only be allocated under the first and second paragraphs of II of Article L. 225-197-1 only if the company fulfils at least one of the following conditions in respect of the financial year during which these shares are allocated: 1° The company proceeds, under the conditions provided for in articles L. 225-197-1 to L. 225-197-5…