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

• Employee loan program The Company has established an Employee Loan Program under which a program maximum of $20.0 million is available for loans to officers (other than executive officers) and other key employees of the Company for purposes of financing the exercise of employee stock options.

• 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.

• Group Loans are made under the provisions of SPBD Credit Manual.Staff loans are made under the provisions of the Employee Loan Program as outlined under SPBD Human Resources Policy Manual.

• 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 Transferred to the Company to secure indebtedness on any Employee Loan.

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

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 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.

Employee Loan means the loan or loans made by the Corporation (or an Affiliate of the Corporation) at any time or from time to time to an Employee to be used by the Employee to purchase Shares to be held by and in the name of the Trustee for the benefit of the Employee in accordance with the terms of the Plan.