French Labour Code
In forceThe profit-sharing agreement sets out how each beneficiary is to be informed.
This information relates in particular to :
a) The amounts allocated under the profit-sharing scheme;
b) The amount he/she may request to be paid in whole or in part;
c) The period within which they may make their request;
d) The allocation of a proportion of these sums to the collective retirement savings plan or to the collective company retirement savings plan, in the event of no response from the beneficiary, in accordance with the provisions of article L. 3424-12 ;
The beneficiary's request must be made within fifteen days of the date on which he/she was informed of the amount allocated to him/her. The agreement specifies the date on which the beneficiary is presumed to have been informed.
In the absence of an agreement, the beneficiary must make his request within fifteen days of receipt of the registered letter with acknowledgement of receipt or the letter delivered against receipt informing him of the amount allocated to him and the amount of which he may request payment in whole or in part.
If the beneficiary does not request payment of these sums within the aforementioned period of fifteen days, they shall not be negotiable or payable until the expiry of a period of five years from the first day of the sixth month following the financial year in respect of which the rights arose, in accordance with the provisions of article L. 3324-10, or a period of eight years, under the same conditions, in accordance with the provisions of article L. 3323-5.
However, when these sums are registered in a collective retirement savings plan, they may only be issued on maturity or under the conditions set out in article L. 3334-14.
