"Profit Sharing" Line Item Rolled into Cash & Equivalents

In a similar way to restricted cash, since profit-sharing is done by company choice, are there any accounting rules or other regulation that would prevent this line item from effectively being treated as Cash & Equivalents in an LBO? In other words, when "Profit Sharing" is listed on a 10-K, does this line item represent a cash liability which can basically be cancelled by company choice if a sponsor takes control and rerouted back to Cash?