Profit Sharing Plan definition

Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.
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Profit Sharing Plan means any such program or arrangement as qualifies hereunder which provides for the dis- tribution by the employer to his em- ployees of their respective shares of profits;
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Profit Sharing Plan means the features of the Plan pursuant to which all contributions, other than Employer Pension Contributions, are made to the Plan, including any contributions pursuant to the cash or deferred arrangement (Section 401(k)) described in Article V hereof. Such features apply only to the extent elected in items 6 and/or 8 of the Adoption Agreement (Profit Sharing Plan).
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Examples of Profit Sharing Plan in a sentence

  • The Company will provide a signed “Full Text” copy of the Registered Pension Plan and the Deferred Profit Sharing Plan to the Local Union Office by January 31st of every year.

  • The Corporate Profit Sharing Plan ("CPS") is designed to encourage and reward employees for their contribution to Company profits.

  • MEMORANDUM OF UNDERSTANDING (DPSP SERVICE FACTORS) During negotiations, the parties discussed situations where terminated employees lose their current service factor in the Deferred Profit Sharing Plan (“DPSP”) as a result of their discharge, but who are then subsequently reinstated to active employment through the Concern Resolution Process.

  • Copies of Internal Revenue Service Form 1099R, ‘‘Distribution From Pensions, Annu- ities, Retirement, or Profit Sharing Plan, IRAs, Insurance Contracts, etc.’’ may be used for reporting withheld taxes to the State.

  • In addition to the above wage increases, eligible Employees will participate in the "Profit Sharing Plan for Unionized Employees of The Toronto Star" (the "Plan").


More Definitions of Profit Sharing Plan

Profit Sharing Plan means the NACCO Materials Handling Group, Inc. Profit Sharing Retirement Plan or any successor thereto.
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Profit Sharing Plan means the Profit Sharing Plan of Quest Diagnostics Incorporated, as amended from time to time.
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Profit Sharing Plan means the Company Profit Sharing Plan.
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Profit Sharing Plan means the W.W. Grainger, Inc. Employees Profit Sharing Plan as amended from time to time.
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Profit Sharing Plan means the Employees’ Profit Sharing Plan of Roanoke Electric Steel Corporation, originally effective November 1, 1963, and as subsequently amended, or any successor plan thereto.
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Profit Sharing Plan means the Company's Salaried Associate Retirement Profit Sharing Plan or any successor plan thereto
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Profit Sharing Plan means the Stillwater National Bank and Trust Company Profit Sharing Plan and Trust, as amended, or any successor plan thereto.
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