Definition of profit sharing
: a system or process under which employees receive a part of the profits of an industrial or commercial enterprise
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Recent Examples of profit sharing from the Web
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Taking the bonus and profit-sharing into account, FCA workers will match what Ford workers are getting in their $7,500 profit sharing checks announced this week.
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Employees will also be able to enroll in a bi-annual profit sharing program.
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In a proposal for the in-development movie ‘Red Notice’ that closely mirrored the final deal, Dwayne Johnson would earn $22 million to star, plus profit sharing or bonuses for its performance at the box office.
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Those bonuses are to be in addition to any profit sharing or performance bonuses the employees would receive this year.
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The airline also offers performance bonuses, a tool allowance, profit sharing and a 401(k) match.
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The lawsuit accused Coastal of failing to pay the subcontractor, Enviroworks Inc., nearly $400,000 in labor and equipment costs and of reneging on a profit sharing agreement that cheated the subcontractor out of about $1.7 million.
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After a certain period, employees participated in profit sharing.
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Some of the benefits available include adoption assistance of up to $5,000 per child; domestic partner benefits; $5,000 in annual tuition reimbursement; annual profit sharing, and 401(k) and Roth accounts with firm matching.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'profit sharing.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of profit sharing
1872
PROFIT SHARING Defined for English Language Learners
profit sharing
Definition of profit sharing for English Language Learners
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: a system in which employees receive a part of the company's profits
Law Dictionary
profit sharing
noun
profit shar·ing
legal Definition of profit sharing
: a plan under which employees receive a part of the profits of an enterprise
Learn More about profit sharing
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See words that rhyme with profit sharing Britannica.com: Encyclopedia article about profit sharing
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