An Employee Profit Sharing Agreement is a formal contract between an employer and employee which outlines the conditions for sharing profits amongst them. This agreement typically includes criteria for the eligible employees, details about the amount of profit to be shared, duration of the agreement and how much each party receives. By ensuring all parties agree upon the terms before entering into the agreement, it safeguards both parties from any future misunderstanding. So, if your business is looking to optimize its operations by making use of an Employee Profit Sharing Agreement, make sure you get all of the details in writing!