profit sharing

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profit sharing,

n a mechanism for funding a retirement plan for employees or members of a professional association. Members are eligible for a percentage of the net income based on predetermined formulae. Such plans, properly executed, are legal and ethical and are to be differentiated from fee splitting, which is illegal and unethical, in which a referring professional shares in the fee-for-service income of another professional.

profit

the amount by which income exceeds expenditure.

profit sharing
profit sharing between a professional and a lay person is illegal in most countries because it is considered to be improper for a nonveterinarian to have any authority over the quality and style of the work of a professional person.
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The arrangement, known as the Global Success Sharing Plan, is new and is in addition to the company's existing compensation and benefit programs.
The Home Depot offers medical and dental insurance, tuition reimbursement, a discounted stock purchase plan, the opportunity to share in the company's growth through its Success Sharing program and other benefits to eligible full- and part-time associates.
The cash balance decreased approximately $153 million during the month of July, driven by a quarterly retroactive wage payment to International Association of Machinists members of $63 million, a final payment of $60 million to Bank One in connection with its debtor-in-possession financing and a quarterly Success Sharing reward to employees of $26 million.
The Home Depot provides its full-time and part-time associates with outstanding career opportunities, along with competitive pay and comprehensive benefits which include healthcare, stock purchase, tuition reimbursement, savings and investment plans and a success sharing bonus program.
The cash balance decreased $246 million during the month of April, driven by a pension contribution of $110 million, a quarterly retroactive wage payment to International Association of Machinists members of $63 million, the April Bank One DIP repayment of $60 million and a quarterly Success Sharing reward to employees of $26 million.