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Article L3334-9 of the French Labour Code

Notwithstanding the provisions of Articles L. 3332-11 to L. 3332-13 and L. 3334-10, sums from profit-sharing which are paid into the collective retirement savings plan may give rise to an additional payment by the company within the limits provided for in these Articles.

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Article L3334-10 of the French Labour Code

The sums coming from a time savings account under the conditions mentioned in 2° of article L. 3152-4, corresponding to an employer contribution and transferred to one or more collective retirement savings plans, are treated in the same way as employer payments to one or more of these plans.

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Article L3334-11 of the French Labour Code

Participants in the collective retirement savings plan are offered a choice of at least three collective investment undertakings mentioned in article L. 3332-15, with different investment profiles, subject to the restrictions set out in article L. 3334-12. They are also offered a savings allocation that gradually reduces the financial risks under conditions set by decree. In the absence of an explicit choice by the participant, his payments into the collective…

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Article L3334-12 of the French Labour Code

Notwithstanding the provisions of 2° of article L. 3332-15, the collective retirement savings plan may not provide for the acquisition of units in mutual funds governed by article L. 214-165 of the Monetary and Financial Code, or shares in open-ended investment companies governed by article L. 214-166 of the same code, or securities in the company or in a company affiliated to it within the meaning of articles L. 3344-1…

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Article L3334-13 of the French Labour Code

The regulations of the collective retirement savings plan stipulate that part of the sums collected may be allocated to the acquisition of units in funds invested, within the limits stipulated in article L. 214-164 of the Monetary and Financial Code, in socially responsible companies within the meaning of article L. 3332-17-1 of this code.

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Article L3334-14 of the French Labour Code

The sums or securities held in members’ accounts are held until retirement. However, in certain cases linked to the participant’s situation or project, these sums or assets may exceptionally be released before retirement.

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Article L3334-15 of the French Labour Code

Without prejudice to the cases of early release provided for in article L. 3334-14, the sums or values registered in the participants’ accounts are paid out in the form of a life annuity acquired for valuable consideration. However, the agreement establishing the collective retirement savings plan may stipulate the terms and conditions for delivery in capital or conversion into an annuity of these sums or values, as well as the…

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Article L3335-1 of the French Labour Code

In the event of a change in the legal status of a company which has set up a company savings plan, in particular by merger, sale, takeover or demerger, and where this makes it impossible to continue the old savings plan, the sums allocated to it may be transferred to the savings plan of the new company, after informing the staff representatives in accordance with the conditions laid down by…

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Article L3335-2 of the French Labour Code

The sums held by an employee, in respect of the special reserve for employee profit-sharing, which he has not requested to be issued at the time of the termination of his employment contract, may be allocated to the savings plan mentioned in articles L. 3332-1, L. 3333-1 and L. 3334-1 of his new employer. In this case, the period of unavailability that has elapsed for the sums transferred is deducted…

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