NE0211 PROFIT SHARING PLAN FOR FREELANCING OR SELF-EMPLOYED PERSONNEL TEMPLATE – ENGLISH
This is a template of a Profit Sharing Plan for Freelancing or Self-Employed Personnel in English.
We also have an Arabic version with template number NA0211.
Why you should buy this template?
This is a highly detailed, well-structured and comprehensive profit sharing plan. It includes an inexhaustible number of clauses and any possible terms and conditions that can be tailored to the requirements of any Employee and/or Employer.
The language is quite clear and focuses on each and every point with a lot of depth. The main points of this Plan are meant to act as a safety net for profit sharing for both self-employed individuals and Employers of such individuals.
This template includes the following sections:
- INTRODUCTION AND DEFINITIONS
- SERVICE ACKNOWLEDGEMENT AND CONTRIBUTION
2.1. Hours of service:
2.3. Break in Service:
2.4. Loss of Service:
2.5. Multiple Businesses and Trades:
2.6. Partnership Structure under this Plan:
2.7. Termination of Participation, Service and Reinstatement:
3.1. Contributions by Employer:
3.2. Voluntary Participant Contributions:
3.3 Non Voluntary Participant Contributions:
- DISTRIBUTIONS AND INDIVIDUAL ACCOUNTS
4.1 Formation of Individual Accounts:
4.2. Allotment of Contributions for Employer
4.3. Allotment of Profits and Losses:
4.4. Forfeiture Allotments:
4.5. Notices to Participants:
6.1. Designation of Legatee/Beneficiary:
6.3 No Beneficiary/Legatee:
- TERMINATION OF SERVICE, AND FORFEITURES
8.4. Early Retirement/Severance:
- DISTRIBUTION NOTIFICATIONS AND PAYMENT SYSTEMS
9.1. Notification to Trustee:
9.2. Consequent Notifications:
9.3. Time and Methods of Payment:
9.4 Payment Limitations:
9.5 Minority and Debility Payments:
- GOVERNMENT LEGAL REQUIREMENTS
10.1 Limitations on Yearly Additions.
10.2 Restrictions In The Case Of a Top Heavy Fund:
- MANAGEMENT / ADMINISTRATION
11.1. Appointment of Committee:
11.2. Committee Powers and Duties:
11.3. Claims Procedure:
11.4. Procedures Undertaken by the Committee:
11.5. Authorization of Benefit Payments:
11.6. Payment of Expenses:
11.7. Unclaimed Benefits:
- TRUST FUND
12.1. Establishment of Trust Fund:
12.2. Payment of Contributions to Trust Fund:
13.1. Right to Amend:
- WITHDRAWAL AND TERMINATION
14.1. Transfers of Plan Assets and Mergers:
14.2. Plan Termination:
14.3. Suspension and Discontinuance of Contributions and Plan Termination:
14.4 Liquidation of Trust Fund:
- GENERAL PROVISIONS
15.1 Non-guarantee of Employment:
15.2 Manner of Payment:
15.3 Non-alienation of Benefits:
15.4 Amounts Returnable to the Employer:
For whom is this template designed and for which country?
This template is designed for English speaking countries.
Template Category: Legal
Skills used in designing this template: Legal writing expertise.
Price: The normal price of this template is 2100 USD, you can get it now for 210 USD.