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.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3

Examples of Profit Sharing Plan in a sentence

  • Contributions to the Ultimus Fund Solutions, LLC Retirement & Profit Sharing Plan to purchase shares of the Funds, and holdings of shares of the Funds within such Plan, are not required to be reported under Sections III and IV.

  • Profit Sharing Plan, any supplemental deferred compensation plan, and any other death, insurance, employee benefit plan or stock benefit plan provided to Executive by the Employer, according to the terms of the respective plans.

  • Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors.

  • Upon any full or partial termination or upon the complete discontinuance of the Employer's Contributions to the Plan (in the case of a Profit Sharing Plan), all amounts credited to the affected Participants' Combined Accounts shall become 100% Vested and shall not thereafter be subject to Forfeiture.

  • Such an election shall be effective as of the time specified in item 8(A) of the Adoption Agreement (Profit Sharing Plan) and may not be made effective retroactively.


More Definitions of Profit Sharing Plan

Profit Sharing Plan means the NACCO Materials Handling Group, Inc. Profit Sharing Retirement Plan or any successor thereto.
Sample 1Sample 2Sample 3
Profit Sharing Plan means the Profit Sharing Plan of Quest Diagnostics Incorporated, as amended from time to time.
Sample 1Sample 2Sample 3
Profit Sharing Plan means the Company Profit Sharing Plan.
Sample 1Sample 2Sample 3
Profit Sharing Plan means the W.W. Grainger, Inc. Employees Profit Sharing Plan as amended from time to time.
Sample 1Sample 2Sample 3
Profit Sharing Plan means the Company's Salaried Associate Retirement Profit Sharing Plan or any successor plan thereto
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
Profit Sharing Plan means the Stillwater National Bank and Trust Company Profit Sharing Plan and Trust, as amended, or any successor plan thereto.
Sample 1Sample 2Sample 3