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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Profit sharing ensures him that he will be sufficiently compensated.
Consequently, starting from no profit sharing and "right to manage," a move to a bargained profit share may be employment enhancing or diminishing.
Our profit sharing plan is an outstanding way for Baldor employees to accumulate money for retirement.
During the stock market boom in the 1920's, some employers shifted their emphasis from profit sharing to employee stock ownership plans (ESOP's).
Profit sharing has ambiguous effects on the size of this term; the marginal revenue is raised if [Mathematical Expression Omited] > 0, and it is reduced if [Mathematical Expression Omited] < 0.
Our profit sharing plan is a great way for our employees to see how their efforts to continually improve productivity, quality and customer service enable the company to increase profits and our profit sharing contribution.
11 /PRNewswire-FirstCall/ -- Continental Airlines will distribute a record $158 million in profit sharing payments to tens of thousands of employees at more than 200 locations worldwide on Feb.
Employees at every level are eligible to participate in the Cintas Partners' Plan, which includes profit sharing, matching 401(k) contributions, and an employee stock ownership program.
We all worked together in 2006 to deliver solid financial and operational results, and my co-workers will now receive $111 million in cash as a result of the best profit sharing program in the industry.
March 3 /PRNewswire-FirstCall/ -- More than 62,000 eligible Chrysler Group retirees, non-bargaining and United Auto Workers- represented bargaining unit employees in the United States will share more than $40 million today when the Company distributes its profit sharing payout.
The Profit-Sharing and 401(k) Council of America (PSCA), which advocates retirement security through profit sharing programs, recently honored four retirement plan sponsor clients of The Principal(R) - including Fleetwood Enterprises, Inc.
LOUIS, April 11 /PRNewswire-FirstCall/ -- The May Department Stores Company , one of the country's leading department store retailers, today announced it is crediting $60 million through its Profit Sharing Plan to the 62,000 associates nationwide who participate in the plan.