Section 2: Allocation of profit-sharing.

Incentive payments may be distributed evenly among beneficiaries, in proportion to the length of time they have been with the company during the financial year, or in proportion to their salaries. The agreement may also combine these different criteria. These criteria may vary according to establishments and work units. To this end, the agreement may refer to establishment agreements. The following are treated as periods of presence: 1° Periods of…

For the persons mentioned in article L. 3312-3, when it is proportional to salaries, the allocation takes into account the annual remuneration or the professional income taxed for income tax purposes for the previous year, up to a ceiling equal to the highest salary paid in the company. However, if the agreement so provides, for the persons mentioned in 3° of the same article L. 3312-3, the allocation in proportion…

A profit-sharing agreement approved in application ofOrdinance no. 59-126 of 7 January 1959 designed to promote employee involvement in the company may continue to use the distribution criteria based on seniority and qualifications as approved in this context, provided that it has been renewed without interruption since its last approval.