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Article L3323-8 of the French Labour Code

When there is a change in the legal situation of the company, by merger, transfer or demerger, making it impossible to apply a profit-sharing agreement, this agreement ceases to have effect between the new employer and the company’s employees. In the absence of a profit-sharing agreement applicable to the new company, the latter undertakes, within six months of the end of the financial year in which the change occurred, negotiations…

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