(1/8 X 12 + 31 -16 - 8)/8.5 - 1 = Days profit share or 7/8 of 0 days, whichever is the greater.
If we used last years formula the benefit paid would have been minimal. To overcome this we have produced a formula which we feel will benefit everyone concerned.
We are still in trying times but are pleased to announce this offer to our staff. ENJOY!