Common use of Reduction of Principal Amount Clause in Contracts

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 of the Principal Amount; (b) If, as of September 30, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount; (c) If, as of September 30, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount; (d) If, as of September 30, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount; (e) If, as of September 30, 2002, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30, 2002, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 9,947.04 of the Principal Amount; (b) If, as of September 30, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 9,947.04 of the Principal Amount; (c) If, as of September 30, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 9,947.04 of the Principal Amount; (d) If, as of September 30, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 9,947.04 of the Principal Amount; (e) If, as of September 30, 2002, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 9,947.04 of the Principal Amount. ; It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30, 2002, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 of the Principal Amount; (b) If, as of September 30December 29, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 20,493.76 of the Principal Amount; (cb) If, as of September 30December 29, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 20,493.76 of the Principal Amount; (dc) If, as of September 30December 29, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 20,493.76 of the Principal Amount; (d) If, as of December 29, 2002, Key Employee is still employed by the Company, the Company agrees to forgive an additional $20,493.76 of the Principal Amount; (e) If, as of September 30December 29, 20022003, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 20,493.76 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30December 29, 20022003, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 of the Principal Amount; (b) If, as of September 30December 29, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 14,395.62 of the Principal Amount; (cb) If, as of September 30December 29, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 14,395.62 of the Principal Amount; (dc) If, as of September 30December 29, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 14,395.62 of the Principal Amount; (d) If, as of December 29, 2002, Key Employee is still employed by the Company, the Company agrees to forgive an additional $14,395.62 of the Principal Amount; (e) If, as of September 30December 29, 20022003, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 14,395.62 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30December 29, 20022003, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 13,528.32 of the Principal Amount; (b) If, as of September 30, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (c) If, as of September 30, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (d) If, as of September 30, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (e) If, as of September 30, 2002, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 13,528.32 of the Principal Amount. It is the parties intention that, if Key Employee continues to be is continuously employed by the Company as of through September 30, 2002, the Principal Amount will be completely forgiven." 4. This Amendment may be executed in counterparts, each of which will be considered an original and each of which will constitute one and the same document.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 of the Principal Amount; (b) If, as of September 30December 29, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 8,647.22 of the Principal Amount; (cb) If, as of September 30December 29, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 8,647.22 of the Principal Amount; (dc) If, as of September 30December 29, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 8,647.22 of the Principal Amount; (d) If, as of December 29, 2002, Key Employee is still employed by the Company, the Company agrees to forgive an additional $8,647.22 of the Principal Amount; (e) If, as of September 30December 29, 20022003, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 8,647.22 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30December 29, 20022003, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 of the Principal Amount; (b) If, as of September 30, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount; (c) If, as of September 30, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount;, (d) If, as of September 30, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 of the Principal Amount; (e) If, as of September 30, 2002, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 9,947.04 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the the, Company as of September 30, 2002, the Principal Amount will be completely forgiven.

Reduction of Principal Amount. The Company agrees to reduce the ----------------------------- Principal Amount as follows: (a) If, as of September 30, 1998, Key Employee is still employed by the Company, the Company agrees to forgive $16,910.40 13,528.32 of the Principal Amount; (b) If, as of September 30, 1999, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (c) If, as of September 30, 2000, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (d) If, as of September 30, 2001, Key Employee is still employed by the Company, the Company agrees to forgive an additional $16,910.40 13,528.32 of the Principal Amount; (e) If, as of September 30, 2002, Key Employee is still employed by the Company, the Company agrees to forgive the remaining $16,910.40 13,528.32 of the Principal Amount. It is the parties intention that, if Key Employee continues to be employed by the Company as of September 30, 2002, the Principal Amount will be completely forgiven." 3. This Amendment may be executed in counterparts, each of which will be considered an original and each of which will constitute one and the same document.