Title III: Employee savings plans

The annual payments made by an employee or a person referred to in Article L. 3332-2 to the company savings plans in which he participates may not exceed one quarter of his annual remuneration or his professional income taxed for income tax purposes in respect of the previous year. These payments may not exceed one time the annual remuneration or professional income taxed for the previous year when they are…

The sums paid annually by one or more companies for an employee or a person mentioned in article L. 3332-2 constitute the employer’s contribution and may not exceed a ceiling set by regulation for payments into a company savings plan, without being able to exceed three times the beneficiary’s contribution. This contribution may be made up of sums from profit-sharing, company profit-sharing and voluntary payments by beneficiaries. The company may…

Any modulation of the company’s contribution can only result from the application of general rules, which may not, under any circumstances, have the effect of making the ratio between the company’s payment and that of the employee or the person mentioned in article L. 3332-2 increase with the latter’s remuneration.

The company’s contribution may not replace any of the remuneration elements, such as those taken into account to determine the basis of contributions defined inarticle L. 242-1 of the Social Security Code, in force in the company at the time of setting up a plan mentioned in this article or which become compulsory by virtue of legal or contractual rules. However, this rule may not have the effect of calling…

The free shares allocated to employees under the conditions set out in Articles L. 225-197-1 to L. 225-197-3 and L. 22-10-59 of the French Commercial Code, without prejudice to the specific provisions set out in this paragraph, may be paid into a company savings plan on expiry of the vesting period referred to in the sixth paragraph of I of Article L. 225-197-1 of the same code, into a company…