Section 5: Unavailability of sums, early release and liquidation.

Except in the cases listed in the Conseil d’Etat decree provided for in article L. 3324-10, shares or units acquired on behalf of employees and former employees are delivered to them at the end of a minimum period of five years from the date of acquisition of the securities. This period does not apply if the liquidation of assets acquired under the company savings plan is used to purchase company…

The free shares referred to in Article L. 3332-14 are only available after a minimum period of five years from their payment into the plan. The provisions of articles L. 225-197-4 and L. 225-197-5 of the French Commercial Code are applicable.