Employee Loan definition

Employee Loan. Any Mortgage Loan identified as such in the Mortgage Loan Schedule and which was originated by the Seller, which provides for an increase in the Loan Rate thereof in the event of the change of employment of the Mortgagor thereunder.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Employee Loan. Any Mortgage Loan identified as such in the Mortgage Loan Schedule, which provides for an increase in the Mortgage Rate thereof in the event of the change of employment of the Mortgagor thereunder.

Employee Loan means any loan made to a Participant on the Recapitalization Closing Date to assist the Participant in paying certain income tax liability.

Examples of Employee Loan in a sentence

• This release includes but is not limited to your obligation to repay those advances made to you conditioned on your acquiring or maintaining an equity position in IHS pursuant to the 1999 Employee Loan Program or any successor program established referred to in Paragraph 4 hereof.

• Debtor and Secured Party are parties to an Employee Loan Agreement (the “Loan Agreement”), and Debtor has executed a Secured Promissory Note dated as of the date hereof (the “Note”), in favor of the Secured Party in the principal amount of $250,000.00.

• Each of these committees shall consist of not less than two members of the Board of Directors, at least two of whom, on the date of their appointment to the committee, are Independent Directors.

• The Seller shall be entitled to transfer the Employee Loan to EMP prior to or on the Closing Date free of any costs, charges and expenses for the Seller.

• Regardless of which election is made by Employee, the Company shall also pay the Employee the aggregate of all remaining Employee Loan Repayment, if any, previously paid to Employee.

More Definitions of Employee Loan

Employee Loan means a loan or an advance to any Employee made in the ordinary course of business and consistent with past practices, including pursuant to any Restricted Subsidiary Employee Plan.

Employee Loan means the loan made to an Eligible Loan Participant from a Participating Company for the purpose of making an Employee Contribution to the Plan as provided for in Subsection 6.2(b);

Employee Loan is defined in Section 2.7(l).

Employee Loan means the loan or loans made by the Company to an Eligible Employee to be used by the Eligible Employee to purchase Shares under the Plan.

Employee Loan means a loan, made in the ordinary course of business, from the Company to an employee (including independent contractors, limited partners or other Persons compensated by the Company or any of its Restricted Subsidiaries in the ordinary course of business) consistent with past practices.

Employee Loan means any outstanding loan made by the Company or its Subsidiaries to any Company Shareholder for which the Company or its Subsidiaries retains Company Class B Shares as collateral.

Employee Loan means a loan, made in the ordinary course of business, from the Company to an Employee consistent with past practice.