Ishaan is a Hindu name of Sanskrit origin and one of the names given to the deity Shiva (the Supreme Being within one of the major branches of Hinduism).lthough Ishaan is an ultra-popular name in the ultra-populated country of India, it is an extremely rare one here in the United States.
Safe Harbor Profit Sharing Formula. With the non-elective, profit sharing contribution, the safe harbor is met by the employer making a required profit sharing contribution to a defined contribution plan on behalf of each non-highly compensated employee eligible to participate in the plan. The contribution amount must be equal to at least three percent of the employeeâs compensation.
Profit sharing refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees. The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent. For example, suppose the profits are x, which might be a random variable.