contract of participation
A contract which the employees are required to enter into with the company under a profit sharing scheme by which they agree to be bound by certain conditions.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …   Universalium

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  • Participation loan — Participation loans are loans made by multiple lenders to a single borrower. Several banks, for example, might chip in to fund one extremely large loan, with one of the banks taking the role of the “lead bank.” This lending institution then… …   Wikipedia

  • participation — par·tic·i·pa·tion n 1: the action or state of taking part in something: as a: association with others in a relationship (as a partnership) or an enterprise usu. on a formal basis with specified rights and obligations a loan made directly or in… …   Law dictionary

  • contract — I n. 1) to conclude, sign; negotiate; ratify a contract 2) to carry out, execute a contract 3) to draw up, write a contract 4) to assign (after bidding), let; award a contract 5) to abrogate, cancel, repudiate a contract 6) to breach, break,… …   Combinatory dictionary

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

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  • Assurance contract — An assurance contract, also known as a provision point mechanism, is a game theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of the free rider problem. The free… …   Wikipedia

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