Article L3313-4 of the French Labour Code
When a change occurs in the legal situation of the company, in particular by merger, transfer or demerger, which requires the setting up of new staff representative institutions, the profit-sharing agreement continues or may be renewed in accordance with one of the methods provided for in article L. 3312-5. Where this change makes it impossible to apply the profit-sharing agreement, the agreement ceases to have effect between the new employer…