Century Dictionary and Cyclopedia
- n. The fact or principle of the division of realized profits between the capitalist, the employer, and the employee, in addition to regular interest, salary, and wages.
“However, there are actually two kinds of defined benefit plans—one is called a money purchase plan, as shown in the chart above, and the other is called a profit-sharing plan, which limits your maximum deductible contribution to 13.04%.”
“As soon as management made clear they were refusing labor's request for a larger slice of the pie -- in the form of profit-sharing or decent wages and benefits -- the lines were drawn.”
“Both parties want to see a "gradual" increase in the role of Islamic banking—a financial concept that works around Islamic laws against charging interest through profit-sharing mechanisms.”
“On Tuesday, the UAW detailed its tentative four-year labor agreement with GM that would give workers richer profit-sharing checks and return thousands of union jobs lost in recent years.”
“Under its terms, workers would get a combination of one-time payments and profit-sharing pay that would range between $12,500 and as much as $25,000 over the life of the contract.”
“The high end of the range is based on profit-sharing payments that assume the Detroit auto maker earns at least $5 billion a year.”
“The agreement would give workers richer profit-sharing checks and restore thousands of union jobs.”
“The company would also provide each worker a $6,000 signing bonus, a $1,500-a-year inflation payment and potential profit-sharing bonuses.”
“Union officials expect Ford workers also should see an average profit-sharing check of $3,700 for this year, based on financial performance during the first half of the year.”
“Separately, the auto maker said it will make profit-sharing payments to about 41,600 U.S. hourly employees based on its 2011 financial performance.”
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