profit sharing plan definition

profit sharing plan

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.

profit sharing plan is in the Accounting & Auditing and HR, Teams, & Training subjects.

profit sharing plan appears in the definitions of the following terms: stock bonus plan and non-qualified deferred compensation (NQDC)

profit sharing plan appears in the other term: employee profit sharing plan (EPSP)

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