Profit Sharing Scheme definition

Profit Sharing Scheme means a profit-sharing scheme approved by the Board of Inland Revenue under Schedule 9 of ICTA 1988;

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Profit Sharing Scheme means a scheme or arrangement under which an employee or deemed employee in any way whatsoever shares his employer’s profit, including by way of dividend;

Profit Sharing Scheme means a profit-sharing scheme approved by the Board of Inland Revenue under Schedule 9 of the Taxes Act 1988;

Examples of Profit Sharing Scheme in a sentence

The employees covered by this Agreement will participate with other employees of this Division in a Profit Sharing Scheme.
Effective as of the Distribution, Honeywell Employees shall cease actively participating in the Honeywell International Technologies Limited Employees Share Ownership Plan (the “Irish ESOP”) and the Honeywell Measurex (Ireland) Limited Group Employee Profit Sharing Scheme (the “Irish Profit Sharing Scheme”), and shall not be able to effectuate any additional share purchases thereunder.
SpinCo shall retain or assume all Liabilities under the Irish ESOP and the Irish Profit Sharing Scheme.
Reference to the Profit Sharing Scheme Deeds of Trust and Supplementary Deeds will indicate the situation with regard to payments under the Scheme.
Pursuant to the Loan Agreement, the Grantor may have certain rights to obtain a complete or partial release of this Security Deed or to obtain secondary financing with respect to secondary financing, all as more particularly set forth in the Loan Agreement.
The Bord na ▇▇▇▇ Employee Share Ownership Plan (ESOP) continues to hold 5% of the total ordinary shares in Bord na ▇▇▇▇ plc on behalf of 1,936 eligible participants (serving and retired employees) in the Bord na ▇▇▇▇ Employee Share Ownership Trust or the Bord na ▇▇▇▇ Approved Profit Sharing Scheme (APSS).
These shares are held in the Bord na ▇▇▇▇ Approved Profit Sharing Scheme.
The Executive shall be entitled to benefit under and participate in RBSG's Profit Sharing Scheme, or such other profit sharing arrangements as may be introduced in substitution therefor, the terms and conditions of which will be made available to the Executive.
The Company is desirous of establishing the Elan Corporation, plc Profit Sharing Scheme 2006 (the Scheme) being an employee profit sharing scheme approved by the Revenue Commissioners pursuant to the provisions of chapter 1 of part 17 and schedule 11 to the Taxes Consolidation Act, 1997 (as amended) for the acquisition of shares in Elan Corporation plc to be held for the benefit of employees of Participating Companies (as defined in Schedule B to this Deed).
WITNESSES AND IT IS HEREBY AGREED as follows: The parties hereto hereby establish the Scheme as the Elan Corporation, plc Profit Sharing Scheme 2006 with effect from the date hereof by the adoption of the trust provisions and the rules of the Scheme scheduled hereto in Schedules A and B and such schedules are hereby deemed to be incorporated into this Deed.

More Definitions of Profit Sharing Scheme

Profit Sharing Scheme a profit-sharing scheme approved by the Board of Inland Revenue under Schedule 9 of ICTA 1988.

Profit Sharing Scheme means a scheme under which an employee qua employee in any way shares his employer's profit;

Profit Sharing Scheme means a scheme under which an employee in his capacity as such shares in whatever manner the profit of his employer;