Chapter I: Public policy

The time savings account may be set up by a company or establishment agreement or, failing that, by a branch agreement.

The time savings account enables employees to accumulate paid leave entitlements or to receive immediate or deferred remuneration in return for periods of leave or rest not taken or sums allocated to them. Annual leave may only be allocated to the time savings account for periods exceeding twenty-four working days.

Any employee may, at his or her request and in agreement with his or her employer, use the rights allocated to the time savings account to supplement his or her remuneration or to gradually stop working. The use in the form of additional remuneration of rights paid into the time savings account in respect of annual leave is only authorised for those of these rights corresponding to days exceeding the…

The rights acquired under the time savings account are guaranteed under the conditions set out in Article L. 3253-8.