Total moots group shareholding savings plan for employees
11 Mar '08
2 min read
• With certain limited exceptions for early withdrawal, the shares will be available for withdrawal five years after the end of the subscription period (March 28, 2013).
• Depending on countries, payment for the shares subscribed may be made either: - in full, by check attached to the subscription form, - by instalments withheld from the employees pay over a two-year period, with an interest free advance from the employer, - or by a combination of these two methods.
• Specific local legal provisions and tax rules may require adjustments to the programme for implementation outside of France. In such cases, the Group will attempt to remain as close as possible to the terms applicable in France.