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.

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

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.

Examples of Employee Loan in a sentence

• DROP WIRE - Wires between an open wire lead, aerial, or buried cable terminal and the point of entrance to the building in which the customer's telephone service is located.

• The purpose of the Eaton Vance Employee Loan Program (formerly called the Eaton Vance Corp.

• Options may not be Transferred (other than by will or descent), except that Options may be pledged, assigned or otherwise Transferred to the Company to secure indebtedness on any Employee Loan.

• The Deputy Commissioner of Employment Services in DHR refused to cancel the interviews and did not offer any explanation or support for the proposition that the candidates in question were indeed qualified.

• The full amount of the Employee Loan will become due and payable immediately upon the earlier of (i) the termination of the Eligible Loan Participant’s employment and (ii) date on which the recipient of such Employee Loan ceases to qualify as an Eligible Loan Participant.

More Definitions of Employee Loan

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

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 the loan agreement between the Company and Gillian Tans dated March 10, 2004 in the amount of EUR 100,000;

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 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.