With-Profits Policy

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With-Profits Policy

A chiefly British and Commonwealth term for a participating policy.
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References in periodicals archive ?
For example, a company with profits of $10 million may set aside I percent ($100,000) for a given year's profit-sharing contribution.
This sentiment was voiced by the American Federation of Labor's first president, Samuel Gompers, who maintained that employers "pared down wages of their employees," so that even with profit sharing, die employees' compensation was below that of other employees in a given industry.1
Communications profits increased sharply, following a steep decline; on average over the two quarters, profits were in line with profits over the preceding year and a half.