Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
profit-sharing plan
An employer's benefit plan that allows an employee to share in the company's profits. ( ERISA governs the administration of many profit-sharing plans. See EMPLOYEE RETIREMENT INCOME SECURITY ACT.
qualified profit-sharing plan
A plan in which an employer's contributions are not taxed to the employee until distribution. The employer is allowed to deduct the contributions. IRC (26 USCA) ยง 401.
qualified profit-sharing plan.
See PROFITSHARING PLAN.