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Article L3153-1 of the French Labour Code

In the absence of a collective agreement as referred to in Article L. 3152-3, a guarantee system is set up by decree. Pending the implementation of a guarantee scheme, when the acquired rights, converted into monetary units, exceed the ceiling mentioned in article L. 3152-3, an indemnity corresponding to the monetary conversion of all the rights is paid to the employee.

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Article L3153-2 of the French Labour Code

In the absence of an agreement stipulating the conditions for the transfer of rights from one employer to another, the employee may : 1° In the event of termination of the employment contract, receive compensation corresponding to the monetary conversion of all the rights he has acquired; 2° Request, in agreement with the employer, that all the rights he has acquired, converted into monetary units, be deposited with a third…

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