Legion of Honour is headed by the Grand Chancellor, usually a retired general, and the Secretary General, a civilian administrator. The Grand Chancery also regulates the National Order of Merit and the ' (Military Medal). There are several structures funded by and operated under the authority of the Grand Chancery, like the Legion of Honour Schools (') and the Legion of Honour Museum ('). The Legion of Honour Schools are élite boarding schools in Saint-Denis and Les Loges in the forest of Saint-Germain-en-Laye. Study there is restricted to daughters, granddaughters, and great-granddaughters of members of the order, the ' or the ". There
Restricted stock Restricted stock Restricted stock, also known as letter stock or restricted securities, is stock of a company that is not fully transferable (from the stock-issuing company to the person receiving the stock award) until certain conditions (restrictions) have been met. Upon satisfaction of those conditions, the stock is no longer restricted, and becomes transferable to the person holding the award. Restricted stock is often used as a form of employee compensation, in which case it typically becomes transferrable ("vests") upon the satisfaction of certain conditions, such as continued employment for a period of time or the achievement of particular product-development