Common use of Permitted Payment by Recourse Note Clause in Contracts

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the EmployeeOptionee's three-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. ____________ (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's Optionee’s three-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ (initials).

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed signed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's personal recourse promissory note bearing interest payable not less than annually at no less than 100% of the lowest applicable Federal rate, as defined in Section 1274(d) of the Code. __________ (initials)--------------------------- signature

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's [THREE]-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the EmployeeOptionee's three-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's three-year personal recourse promissory note bearing interest payable not less often than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's ’s three-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the Employee's three-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the EmployeeOptionee's [THREE]-year personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)

Permitted Payment by Recourse Note. In addition, if this ---------------------------------- paragraph is initialed below by the person signing this Agreement on behalf of the Company, the option price may be paid by delivery of the EmployeeOptionee's personal recourse promissory note bearing interest payable not less than annually at the applicable Federal rate, as defined in Section 1274(d) of the Code. __________ ---------- (initials)