Month: February 2016

7 Ways To Eliminate Credit Card Debt

Posted on February 27, 2016

7 Ways To Eliminate Credit Card Debt

Debt tends to be something that many people get into very easily, so they eventually look for a good debt solution to relieve the monetary stress they have caused for themselves. Unfortunately, credit card debt is much easier to get into than out of since getting into debt usually means spending money we dont have and getting out of debt means spending the money we do have. (more…)

Sample Profit Sharing Agreements: What Do Successful Companies Use?

Posted on February 20, 2016

Sample Profit Sharing Agreements: What Do Successful Companies Use?

    Direct Cash Plans

      The most common and simplest sample of a profit sharing agreement is regular variable pay linked to company profits, where the employer receives a predetermined percentage or share of profits as a cash bonus or stocks at the end of the fiscal year.

    The earliest instance of such profit sharing occurs in the 19th century, when companies such as General Foods and Pillsbury distributed a percentage of their net profits to their employees as a bonus. (more…)