Does anyone have any experience with employee profit sharing plans, Lump sum rewards, etc? (owner, companies)

[MichaelOrear]

Hello, Does anyone have any experience with the following:

1. Employee profit sharing plans?

2. Lump sum awards, when an owner who sells the company shares some of the money with the employees?

If so, what was the experience like? How much were awards, profit sharing?


By the way, which companies have great profit sharing plans? I have heard of cases where at a few companies, employees are able to get lump sum checks equal to 50 percent of their salary.

Thanks

[MichaelOrear]

For instance, has anyone been part of Wal-Mart or Bloomberg's LLP profit sharing programs?

[ccm123]

Had profit sharing at several companies that I worked at. These were usually larger companies and not start-ups. Typically, they will base it on the revenue or EPS for the year. One top tier technology company that I worked at, would post a chart for the possible EPS (earnings per share) that we could attain for the year and the profit sharing would be based on the annual EPS attained by the company.

The chart looked like this:

EPS: $2.50 and below a share
bonus: 0%

EPS: $2.51 - $2.53 a share
bonus: 1%

EPS: $2.54 - $2.57 a share
bonus: 2%

etc, etc