Profit sharing plan,
Definition of Profit sharing plan:
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?
- 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.
- 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.
- 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