WITHHOLDING AT THE SOURCE ON EMPLOYEE SHARE OWNERSHIP PLANS Sample Clauses

WITHHOLDING AT THE SOURCE ON EMPLOYEE SHARE OWNERSHIP PLANS. Under French regulations, gains from the exercise of stock options or acquisition of bonus shares, as part of qualified or non-qualified plans under the French Commercial Code, are subject to withholding at source. In addition, this deduction at the source pertains to gains from exercising warrants for subscription to business creator shares as well as “unnamed” plans. This withholding applies to all beneficiaries not domiciled in France for tax purposes on the date of the disposal or the recording of securities in the account, according to the case, who engaged in an activity in France as a salaried employee or director of a company during the vesting period of the securities.
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