ASAP law: duration and renewal of profit-sharing agreements (article 121)
The law perpetuates the possibility of concluding profit-sharing agreements for a period of less than 3 years. The minimum duration of a profit-sharing agreement is now one year.
Until now, this reduced period was only possible for companies with less than 11 employees and under certain conditions.
This was also authorized in 2020 on a temporary basis to facilitate the granting of the purchasing power bonus, but this possibility had ended on August 31, 2020.
The duration of the tacit renewal has also been changed. It will no longer be for 3 years but for a period equal to the initial term of the agreement.
ASAP law: new rules for employee savings agreements concluded at branch level (article 118)
One-year extension of the time allowed for branches to negotiate
For several years now, various laws have planned to oblige the branches to negotiate on employee savings, but each time, the deadline is pushed back. Rebelote with the ASAP law which postpones the deadline set by the PACTE law by one year.
The law therefore postpones from December 31, 2020 to December 31, 2021 the deadline for branches
