Profit Sharing Plan

About this template:

If you are seeking to incentivise staff through a profit share agreement use this profit share plan to guide you. You may also find other compensation and benefits related document templates to use here https://www.templateguru.co.za/documents/compensation-benefits/ and other Human Resources templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

[YOUR COMPANY NAME] organized and existing under the laws of South Africa hereby establishes a profit-sharing plan for its employees as hereinafter defined effective [THE EFFECTIVE DATE]. Said organization as part of the aforesaid Plan adopts concurrently herewith a Trust agreement creating a Trust Fund (hereinafter at times referred to as the Fund) to which contributions shall be made and from which benefits shall be paid in accordance with the terms and conditions thereof.

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