Profit sharing plan

Profit sharing plan,

Definition of Profit sharing plan:

  1. Employee motivation plan (established and maintained by an employer) under which employees receive a share of the firms profits determined by an agreed upon formula. See also stock bonus plan.

How to use Profit sharing plan in a sentence?

  1. The company that I work for has a profit sharing plan that allows me to receive shares of their annual profit margin, which is a nice incentive for me to make more sales.
  2. You should always try to have a good profit sharing plan in place when you are trying to make a good offer to potential buyers.
  3. I was excited to be a part of the profit sharing plan because it would mean that I would make some more money.

Meaning of Profit sharing plan & Profit sharing plan Definition