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Ideal Chiropractic Center 2005
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Profit Sharing
381 Profit Sharing
Effective Date:
Revision Date:
Ideal currently has a profit sharing program in place. Ideal currently deposits the maximum amount allow by law, which is up to 15% of the employees pay. The amount of the employees deposit is not set by previous years deposit but by profit of the current year. If the Doctor decides to deposit the maximum amount, despite low profit, it should not be considered policy but generosity.The employee must be vested for 3 years in order to receive profit sharing.
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