PROFIT SHARING AGREEMENT

PROFIT SHARING AGREEMENT

This Profit sharing agreement is entered into on _________ (“Effective
Date”) by and between ____________ (“Company”) and
_______ (“Employee”). Each referred to as ‘Party” collectively referred
to as “Parties”.
WHEREAS, the Employee will contribute 1.5% of the profits monthly;
WHEREAS, the amount contributed monthly will be deposited into an investment
account on the first day of every month;
WHEREAS, the profits from the investment account will be split in the ratio of 25% to
the Company and the balance split evenly between the active participants;
NOW, THEREFORE THE PARTIES AGREE AS FOLLOWS:

  1. Capital
    The primary capital is owned and remains owned by the Company. The Capital is not
    subject to the profit sharing.
  2. Sharing of Profits
    The profits will be shared between the Company and the active participants whereby
    the Company will receive 25% of the profits and 75% will be shared between the
    active participants.
  3. Vesting Schedule
    The vesting schedule on the profits is as follows:
    I. 20% after 1 year
    II. 50% after 2 years
    III. 100% of profits after 3 years
  4. Termination
    The Company may terminate this relationship with the Employee at any time if the
    Company believes that the Employee has materially breached the agreement or has

failed to contribute to the profits to the program. The Employee can terminate the
agreement by issuing a 30 day written notice to the Company.

  1. Entire Agreement
    This Agreement represents the full understanding of the Parties and shall supersede
    all previous oral or written agreements regarding the subject matter herein. This
    Agreement is binding on all parties.
  2. Applicable Law
    This Agreement and the interpretation of its terms shall be governed by and
    construed in accordance with the laws of the United States and subject to the
    exclusive jurisdiction of the federal and state courts located in the United States
    IN WITNESS WHEREOF, each of the Parties has executed this Agreement, both Parties
    by its duly authorized officer, as of the day and year set forth below.
    Company Representative Name: ________
    Signature: ________
    Date: ________

Name: ____
Signature: _______
Date: _________

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