What is another name for profit-sharing plan?
A profit-sharing plan is a retirement plan that gives employees a share in the profits of a company. Under this type of plan, also known as a deferred profit-sharing plan (DPSP), an employee receives a percentage of a company’s profits based on its quarterly or annual earnings.
What is the synonym of partnership?
In this page you can discover 56 synonyms, antonyms, idiomatic expressions, and related words for partnership, like: alliance, marriage, cooperation, company, union, combination, association, corporation, cahoot (slang), brotherhood and society.
What is it called when two businesses work together?
A merger is when two or more businesses join together to form a single company. A merger is typically a voluntary action on the part of all companies involved and may involve stock swaps or cash payments. Other mergers are considered horizontal mergers because the merger joins similar businesses.
What is meant by the term profit-sharing?
Legal Definition of profit sharing : a plan under which employees receive a part of the profits of an enterprise.
What are the different types of profit sharing plans?
There are three basic types of profit sharing plans: traditional, age-weighted and new comparability.
What is another word for partnership agreement?
What is another word for partnership?
| alliance | association |
|---|---|
| trust | cahoots |
| co-partnership | tie-up |
| joint venture | strategic partnership |
| link | bond |
What is the synonym of collaborate?
cooperate, join, league, team (up), unite.
What is merger accounting?
Merger accounting refers to a way of accounting for a business merger by following a set of laid down principles and policies used in accounting for mergers. Under Financial Accounting Standards, FRS 6 deals with accounting for mergers and acquisitions.
Is profit sharing one word?
prof′it shar`ing n. the sharing of a portion of the profits from a business with employees, who receive it in addition to wages. prof′it-shar`ing, adj.
How do you write a profit sharing agreement?
How to Write a Profit-Sharing Agreement?
- Introduction. The document should start with a title, it will help to express the nature of the document.
- Nature of the Relationship.
- The Subject.
- Parties’ Rights and Responsibilities.
- Governing Law.
- Contact Information.
- Signatures.
What do you need to know about profit sharing agreements?
A profit sharing agreement is the proof of the ratio with which profits/losses will be distributed among the parties. Whether created for partnerships or companies, there is always a profit sharing agreement discussing all technical, financial and legal aspects. How Does a Profit Sharing Agreement Work?
What is indemnification in a profit sharing agreement?
INDEMNIFICATION. The Representative agrees to defend, indemnify, and hold harmless the Company from and against any all third party claims (or other actions that could lead to losses by the Company) that are based upon the Representatives (a) violation of the law, (b) violation of this Agreement, or (c) violation of any third party’s rights.
When to use pandatip profit sharing agreement template?
PandaTip: This Profit Sharing Agreement Template is written in a manner so that it can apply to a situation whereby a company has hired someone to market a product for them and offered a share of the profits on the sale of the product.
What happens to the profit share after termination?
Upon termination according to section 1, the following shall occur: The Representative shall continue to receive the profit share described herein from any continuing sales as a direct result of the Representative’s efforts; The Representative shall direct all further inquiries regarding the Product back to the Company;