Reed Smith Client Alerts

Under a recent decision dated 28 April 2017 (2017-627/628 QPC) regarding the grant of free shares, the French Constitutional Council opened the way for companies to claim refunds of employer social security contributions made in respect of the grand of free shares and incentive stock options plans.
Since the Social Security Financing Act of 2008, Article L.137-13 of the French social security code has required employers to make specific social security contributions upon the grant of free shares under the conditions provided for under Article L.225-197 to Article L.225-197-5 of the French commercial code.