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profit sharing
(redirected from Profit-sharing)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
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 company contributes about 12 percent of its pretax earnings to the profit-sharing plan.
Crain Communications has had an employee profit-sharing plan, and Crain was one of the first to establish life and medical insurance plans for workers and installed a comprehensive pension plan in the late 1950s.
A PROFIT-SHARING scheme relaunched almost a year ago has already paid out more than pounds 1.
 
 
 
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