profit sharing plan

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

Use 'profit sharing plan' in a Sentence

I was excited to be a part of the profit sharing plan because it would mean that I would make some more money.
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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.
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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.
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