{"id":6434,"date":"2023-12-08T15:11:15","date_gmt":"2023-12-08T14:11:15","guid":{"rendered":"https:\/\/lerins.com\/corporate-bad-leaver-clause\/"},"modified":"2023-12-08T15:11:15","modified_gmt":"2023-12-08T14:11:15","slug":"corporate-bad-leaver-clause","status":"publish","type":"post","link":"https:\/\/lerins.com\/en\/corporate-bad-leaver-clause\/","title":{"rendered":"Corporate \/ Bad leaver clause"},"content":{"rendered":"<p><!--:--><!--:en--><strong>New<\/strong>: <strong>The clause of a shareholders&rsquo; agreement through which an employee commits to sell their securities at a reduced price in the event of being made redundant is valid provided that it is part of the employee&rsquo;s profit sharing process to develop the value of the company and that it does not aim to punish wrongdoing on the part of the employee. <\/strong><\/p>\n<p><strong>Recommendation:<\/strong> Close<strong> attention should be paid to the wording of bad leaver clauses <\/strong>frequently inserted in shareholders&rsquo; agreements (having a similar mechanism to that stated in the decree) in order to avoid any dispute relating to their execution. These often complex clauses must not constitute a <strong>financial penalty prohibited<\/strong> by the Labour Code punishing an act by the employee considered as wrongdoing. The question concerning <strong>cases that cause the sale of securities at a lower price<\/strong> is therefore a sensitive one.<strong><br \/>\n<\/strong><\/p>\n<p><em>Cass. com. 7 juin 2016 n\u00b0 14-17.978 (543 FS-PB), B. c\/ St\u00e9 Novedia<\/em><\/p>\n<p><!--:--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New: The clause of a shareholders&rsquo; agreement through which an employee commits to sell their securities at a reduced price in the event of being made redundant is valid provided that it is part of the employee&rsquo;s profit sharing process to develop the value of the company and that it does not aim to punish [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-6434","post","type-post","status-publish","format-standard","hentry","category-publication-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts\/6434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/comments?post=6434"}],"version-history":[{"count":0,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts\/6434\/revisions"}],"wp:attachment":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/media?parent=6434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/categories?post=6434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/tags?post=6434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}