Section 5: Management of the special reserve.

Where no profit-sharing agreement has been signed, the sums held in the current account bear interest from the first day of the sixth month following the end of the financial year in respect of which the profit-sharing is allocated.

When an employee who holds rights to the special profit-sharing reserve leaves the company without exercising his rights to unlocking or before the company has been able to liquidate all the rights he holds on the date of his departure, the employer: 1° Provides him with the summary statement provided for in Article L. 3341-7; 2° Request the address to which notices of dividend payments and interest due dates, redeemable…

If the beneficiary cannot be reached at the last address indicated by him/her, the sums to which he/she is entitled are held at his/her disposal by the company for a period of one year from the date of expiry of the period provided for in either article L. 3323-5 or article L. 3324-10 as applicable. Once this period has expired, these sums are remitted to the Caisse des dépôts et…

Units in mutual funds and shares in open-ended investment companies (SICAVs) acquired pursuant to 1° of article L. 3323-2 continue to be held by the organisation responsible for them, from which the interested party may claim them until the end of the periods stipulated in III of article L. 312-20 of the Monetary and Financial Code.

In the event of the employee’s death, his heirs request the liquidation of his rights. The tax regime provided for in 4 of III of article 150-0 A of the General Tax Code ceases to apply to them from the seventh month following the death.

When the income tax return for a financial year is corrected by the tax authorities or the tax court, the amount of employee profit-sharing for that financial year is recalculated, taking into account the corrections made. The amount of the special profit-sharing reserve is modified accordingly during the financial year in which the adjustments made by the tax authorities or the tax court become final or are formally accepted by…