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 structure their restricted stock awards). Employees pay income tax on the value of the restricted stock in the year in which it vests, and then pay capital gains tax on any subsequent appreciation or depreciation in the value of the restricted stock in the year in which it is sold. A grantee of restricted stock may make an "83(b) election" to recognize the income from the restricted stock grant based on the fair market value of the restricted stock at the time of the grant, rather than at the time of vesting. This is often desirable to minimize income tax