Common use of Outstanding Loans Clause in Contracts

Outstanding Loans. During their employment with Corporation, IMS Health Transferred Savings Plan Employees who have outstanding loans originally made from the Corporation Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks, and, prior to the IMS Health Savings Plan Transfer Date, Corporation or IMS Health (as the case may be) shall cause all such deductions to be forwarded to the Corporation Savings Plan as promptly as practicable.

Appears in 5 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Cognizant Corp)

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