This Employee Profit Sharing Agreement outlines the terms and conditions of an incentive-based payment plan between employer and employee, in which the employee is eligible for over and above the basic remuneration in their employment contract. This agreement sets out the parameters of the profit sharing plan, such as eligibility, allocation of profits, and the criteria for incentive payments if sales or other targets are reached. It also includes provisions for when the agreement is terminated. This template will provide a framework for employers and employees to negotiate a mutually beneficial incentive-based compensation plan.

Word Format; Font: Ariel; Size 12pts.
5 pages; 13 main clauses and several subclauses. Suitable for sales staff who are expected to reach sales targets.