This is a profit / revenue sharing agreement between an employer and one employee.
This was written to enable a small business to offload a specific business operation to a specific employee.
The goal is to create an incentive for them to grow the business while leveraging the company assets and structure, without becoming an equity partner or collecting investment.
Profit / Revenue Sharing Agreement between Employer and Employee Name
This agreement defines the distribution of profits and revenue payouts between an employer and employee for specific business operations. The goal is to create an incentive for the employee to grow the business while leveraging the company assets and structure, without becoming an equity partner or collecting investment.
IT IS MUTUALLY AGREED upon that Employer, the EMPLOYER, and Employee Name, the EMPLOYEE, hereby acknowledge the following schedule for financial distribution of funds to represent a profit and revenue sharing agreement.
6. MODIFICATIONS - This instrument may not be changed orally. Any modifications of this agreement must be by written supplemental agreement executed by all parties thereto.
7. TERMINATION - This is terminated upon the termination of the employee or end of the employee's involvement in said OPERATIONS.
(service, sales, revenue stream)
(% of profit after expenses)
|OPERATION 1||OPERATION 1 % profit after expenses|
|OPERATION 2||OPERATION 2 % profit after expenses|
|OPERATION 3||OPERATION 3 % profit after expenses|
|OPERATION 4||OPERATION 4 % profit after expenses|
|OPERATION 5||OPERATION 5 % profit after expenses|
|TOTAL PAYOUT PER OPERATION is EQUAL or LESS THAN 100%|
IN WITNESS WHEREOF, the parties have hereunto signed this partnership agreement on Today's Date.
EMPLOYEE Signature: Employee Name
QUALIFYING MEMBER Signature: QUALIFYING MEMBER