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Profit Sharing

PROFIT SHARING


PROFIT SHARING POOL (Sr. Executives and Higher)


Higher Qualifying Ranks of Senior Executive and higher are eligible to receive a percentage of the COMPANY's quarterly net profits. 10% of all quarterly  net   profit earnings are entered into a pool, for all qualifying Ranks within that pool to share, payable on the 15th of day following the close of the quarter. 


All qualifying Senior Executives will be eligible to  share  2% of NovaTech's quarterly profits. 

All qualifying Junior Directors, Directors, and Senior Directors are eligible to  share  3% of NovaTech's quarterly profits.


All qualifying 1-Star and 2-Star Ambassadors are eligible to  share  5% of NovaTech's quarterly profits. 

If only person in that pool, then that member is eligible to receive all profits within that pool. Profit pools cannot be combined. 

      

Example:  1st Quarter Company Net Profits = $ 100,000 x 10% = $ 10,000

  • $ 10,000 would be distributed as follows: 
    • $ 2000 to be shared by all qualifying Sr Executives 
    • $ 3000 to be shared by all Directors 
    • $ 5000 to be shared by all Ambassadors


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