Exceptional release of profit-sharing and employee savings in 2004

Article 5 of the Act of 9 August 2004 makes profit-sharing rights and employee savings plan holdings tradable or payable early from 16 June to 31 December 2004, and allows direct payment of profit-sharing and incentive bonuses awarded over that period, the incentive bonus being exempt from income tax even if not placed in a savings plan. Sums are released on request up to an overall cap of €10,000 per beneficiary, net of social levies.