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 bridge — [kän′trakt΄] n. a form of bridge, developed from auction bridge, in which only the number of tricks named in the contract may be counted toward a game, additional tricks being counted as a bonus score * * * ▪ 2003  For a sample contract bridge… …   Universalium

  • 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

  • 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

  • dealer participation — The amount contributed by the dealer to reduce the final purchase price in the lease contract. Dealer participation can take the form of a rebate or simply a discount. The dealer participation is reflected in the lease contract as a capitalized… …   Dictionary of automotive terms

  • 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

  • Glossary of contract bridge terms — These terms are used in Contract bridge[1][2] , or the earlier game Auction bridge, using duplicate or rubber scoring. Some of them are also used in Whist, Bid whist, and other trick taking games. This glossary supplements the Glossary of card… …   Wikipedia

  • Yellow-dog contract — A yellow dog contract (or a yellow dog contract or a yellow dog clause [ [http://www.jargondatabase.com/Jargon.aspx?id=795 JargonDatabase.com definition] ] of a contract) is an agreement between an employer and an employee in which the employee… …   Wikipedia

  • social contract — A theory of social order that was popular in the seventeenth and eighteenth centuries, although the idea goes back to Plato. The social contract is an unwritten agreement between the state and its citizens, in which the relative rights and duties …   Dictionary of sociology

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