Profit Sharing Pool definition

Profit Sharing Pool means, with respect to each Fiscal Year, the “Annual Award Pool” for such Fiscal Year determined under the Company’s broad-based profit sharing plan (the “PSP”) as in effect on the 90th day of the Profit Based RSU Performance Period that includes such Fiscal Year, calculated assuming that all workgroups (other than officers and management level employees at Grade 46 and above) are participating; provided, however, that any Minor Pool (as defined in the PSP) with respect to a Fiscal Year that ended prior to the beginning of any Profit Based RSU Performance Period shall not be included in the Profit Sharing Pool with respect to a Fiscal Year in such Performance Period.

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Profit Sharing Pool means the Profit Sharing Pool determined for each Plan Year in accordance with Section 3.

Profit Sharing Pool means the percentage of pre-tax profit that is determined by the Board to be available for distribution to the Corporation's participating employees under any profit-sharing plan that may be established and continued by the Corporation from time to time.

Examples of Profit Sharing Pool in a sentence

• The Profit Sharing Pool will be divided among all Employees covered by this Agreement or by the 2018 agreement between the Union and U.

• The Board of Directors may supplement the Executive's annual salary with a bonus amount to be determined by the Board in its sole and absolute discretion, payable from the Corporation's General Profit Sharing Pool within three months of the end of each fiscal year end of the Corporation, but which bonus may not be given at all in any year.

• In addition to base salary, Employer shall pay Bonus Compensation to Employee as may be allocated, if any, to Employee from the Fabrinet Profit Sharing Pool to be instituted at the discretion of the board of directors of the Parent, the principal terms of which are attached hereto as Exhibit A and incorporated herein by reference.

• The Annual Profit Sharing Pool is 15% of the excess of (i) annual Pretax Profit over (ii) the Annual Plan Threshold, but in no event more than the Pool Cap.

• If no amounts are generated under the Profit Sharing Pool with respect to any performance year (i.e., due to lack of earnings for the Blizzard Entertainment business as determined under the Profit Sharing Plan) you shall not be entitled to receive any Profit Share Bonus for such year.

• Notwithstanding the timing of payments under the Profit Sharing Plan for other participants thereunder, your Profit Share Bonus (if any) shall be paid to you following the end of the relevant performance year for which it is earned (but no later than the following March 15), after the Committee has certified achievement of the relevant results for purposes of calculating the Profit Sharing Pool in accordance with the Incentive Plan.

• Your Profit Share Bonus shall entitle you to six percent (6%) of the Profit Sharing Pool (if any) that is generated under the Profit Sharing Plan; provided, however, that the Committee may, in its sole discretion and at any time, exercise negative discretion with respect to your Profit Share Bonus to reduce the amount of your actual annual percentage interest in the Profit Sharing Pool to not less than three and one-half percent (3.5%).

• Where have been allocated to the Profit Sharing Pool in accordance with the provisions of the Plan in respect of a particular fiscal year of the Corporation, the Profit Sharing Pool in respect of such fiscal year shall be divided in accordance with the following Profit Sharing Pool Number of Full-Time Equivalent Eligible Participants * The figure arrived at in respect of a particular fiscal year as a result of the application of this formula shall be referred to as the “Profit Sharing Amount”.

• The Profit Sharing Pool will be divided among all Employees covered by this Agreement or by the 2015 agreement between the Union and U.

• Company and Executive acknowledge and agree that the Profit Based RSU Awards for the performance period beginning April 2006 previously have achieved the maximum or stretch level of performance relating to the Cumulative Profit Sharing Pool Target (as such term is defined in the NLTIP/RSU Program) assigned to such awards.

More Definitions of Profit Sharing Pool

Profit Sharing Pool means, with respect to each Fiscal Year, the “Annual Award Pool” for such Fiscal Year determined under (and based on the definition of such term set forth in) the Company’s Enhanced Profit Sharing Plan as in effect on February 23, 2007, taking into account amendments effected on that date (the “EPSP”); provided, however, that (A) any Minor Pool (as defined in the EPSP) with respect to a Fiscal Year that ended prior to the beginning of any Profit Based RSU Performance Period shall not be included in the Profit Sharing Pool with respect to a Fiscal Year in such Performance Period and (B) for the Fiscal Year beginning on April 1, 2006, the Profit Sharing Pool for such Fiscal Year shall be the same as the Annual Award Pool under the EPSP for the 12-month period ending on December 31, 2006 (disregarding any Minor Pool to the extent provided in clause (A) of this paragraph), except that such Annual Award Pool shall be determined under the EPSP based on Pre-tax Net Income for such Fiscal Year determined under the Program reduced by an additional $1 million (in lieu of “Pre-tax Net Income” (as defined under the EPSP) for the 12-month period ending on December 31, 2006).

Profit Sharing Pool means, with respect to each Fiscal Year, the sum of: (i) the dollar amount of Pre-tax Net Income, if any, earned with respect to such Fiscal Year up to and including $250 million multiplied by 30%; plus (ii) the dollar amount of Pre-tax Net Income, if any, earned with respect to such Fiscal Year in excess of $250 million and up to and including $500 million multiplied by 25%; plus (iii) the dollar amount of Pre-tax Net Income, if any, earned with respect to such Fiscal Year in excess of $500 million multiplied by 20%.

Profit Sharing Pool means for a Plan Year the dollar amount which the Company determines is available for Non-Elective Profit Sharing Contributions and, at the option of Participants, Elective Profit Sharing Contributions or cash compensation.

Profit Sharing Pool means forty percent (40%) of the Company’s annual Net Profit.