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 a popular form of employee compensation because it was possible to record the cost of compensation as zero so long as the exercise price was equal to the fair market value of the stock at the time of granting. Under the same accounting standards, awards of restricted stock would result in recognizing compensation cost equal to the fair market value of the restricted stock. However, changes to generally accepted accounting principles (GAAP) which became effective in 2006 led to restricted stock becoming a more popular form of compensation. Microsoft switched from stock options to restricted stock in 2003, and by