Profit Sharing Scheme definition

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

  • NGC Employee Shares Trustee Limited serves as trustee in respect of the National Grid Profit Sharing Scheme and Employee Benefit Trust, which are trusts set up for employees of National Grid Group.

  • A similar plan to the Stock Savings Plan was also adopted for all permanent U.K. employees, entitled CNR International (U.K.) Limited Profit Sharing Scheme (the "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.

  • On 12 November 1987 the Morgan Stanley International Profit Sharing Scheme was established in the United Kingdom by a trust deed made between Morgan Stanley Group Inc., its subsidiary Morgan Stanley International and Noble Lowndes Settlement Trustees Limited.

  • 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 idea behind a Profit Sharing Scheme is to enable employees to become shareholders in the business.

  • We refer in particular to the registration by the Company of 700,000 Ordinary Shares of US$0.01 each (the “Ordinary Shares”) issuable pursuant to awards to eligible persons under the Dole plc Employee Profit Sharing Scheme (the “APSS”) and the Dole plc Share Incentive Plan (the “SIP”, and together with the APSS, the “Plans”) pursuant to the Registration Statement.

  • P.O. Box 58039 Santa Clara, California 95052-8039 Re: Form S-8 Registration Statement Ladies and Gentlemen: At your request, we are rendering this opinion in connection with the proposed issuance pursuant to the Applied Materials Profit Sharing Scheme (the “Scheme”), of up to 200,000 shares of common stock, $0.01 par value (“Common Stock”), of Applied Materials, Inc., a Delaware corporation (the “Company”).

  • UK PROFIT SHARING COMMITTEE AND PARTICIPANTS IN THE MORGAN STANLEY UK GROUP PROFIT SHARING SCHEME We have audited the accompanying statement of financial condition of the Morgan Stanley UK Group Profit Sharing Scheme as of 31 December 1995 and 1994 and the related statement of income and changes in plan equity for the years ended 31 December 1995, 1994 and 1993.


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.
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Profit Sharing Scheme means a scheme under which an employee qua employee in any way shares his employer's profit;
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Profit Sharing Scheme means a scheme under which an employee in his capacity as such shares in whatever manner the profit of his employer;
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Related to Profit Sharing Scheme

  • 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.

  • Car sharing period means the period of time that:

  • Planning Scheme means a scheme developed in accordance with section 6 of the Planning and Environment Act 1987.

  • Car sharing start time means the time when the shared

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Job Sharing means the sharing by two or more persons of a position.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • town planning scheme means the City of Rockingham Town Planning Scheme made under the Town Planning and Development Act 1928.

  • Plan 3 means the teachers' retirement system, plan 3

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Nonelective Contribution means an amount contributed by a participating

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.