# PROFIT SHARING AGREEMENT
Date: 1 April 2030
Parties: Cedar Lane Software Limited and Maya Singh
## 1. Parties and purpose
Cedar Lane Software Limited (Company No. 12744108), 3 Innovation Way, Cambridge CB5 8PE, grants Maya Singh of 10 Oak Avenue, Cambridge CB1 3LP participation in its annual profit-sharing plan for her employment as Head of Customer Success.
## 2. Scope, price and subject
For the year ending 31 March 2031, the pool is 8% of Adjusted Operating Profit above £250,000. Adjusted Operating Profit means audited operating revenue less ordinary operating costs, payroll, tax, depreciation and approved reserves, excluding dividends, owner distributions and extraordinary gains unless the board records a fair adjustment.
## 3. Operating duties
Maya's target share is 4% of the pool, calculated with other eligible employees by role, service and agreed performance score. She must be employed and not serving notice on the payment date, subject to statutory rights and any protected absence. The board certifies the accounts in good faith and pays within 90 days after approval.
## 4. Rights, records and compliance
Maya receives quarterly management information but not confidential customer data unrelated to calculation. She may ask the Finance Director to explain the calculation within 20 Business Days. The Company keeps records for six years and corrects manifest errors; an independent accountant resolves a calculation dispute, not a dispute about discretionary performance scoring.
## 5. Term, ending and remedies
The Company may defer or claw back an overpayment caused by fraud, deliberate misconduct or a material accounting error, giving written particulars and a reasonable repayment plan. The plan is discretionary and does not guarantee a payment in any year; salary, pension and statutory holiday pay are unaffected.
## 6. Liability and reservations
Maya must keep financial information confidential and disclose conflicts. The Company may amend the plan prospectively on written notice, but cannot retrospectively remove an earned entitlement. Termination of employment ends future participation, while an approved accrued payment remains due.
## 7. Governing law and signatures
England and Wales law governs and its courts have jurisdiction; statutory employment claims remain for the Employment Tribunal where applicable. Maya and HR director Daniel Cole sign on 1 April 2030. Nothing creates a partnership, agency, share ownership or right to bind the Company.