Housing Loan. Each employee, regardless whether he is married to another in the same Bank, is eligible to a housing loan as follows:-
Housing Loan. While procuring loans for housing, valuation report is necessary.
Housing Loan. In addition, the Company will immediately provide the Employee with an interest-free loan of $8,000.00 (the “Housing Loan”); to cover the extra costs incurred securing accommodation in the Greater Vancouver region. The Housing Loan shall be forgiven by the Company at the rate of $2,666.67 at the end of each employment year, commencing on the Effective Date. If the Employee resigns or is dismissed for just cause, the remaining balance owing on the Housing Loan shall immediately become payable by the Employee to the Company. If the Company terminates the Employee employment without cause, the remaining balance owing on the Housing Loan shall immediately be forgiven.
Housing Loan. Executive and the Company acknowledge and agree that the terms and conditions of the housing loan between Executive and the Company remain in full force and effect.
Housing Loan. In connection with Executive’s relocation to Seattle in 2002 Safeco provided Executive with a home purchase loan in an amount of $900,000. The principal amount will be due one (1) year after December 31, 2005. This is consistent with the original loan terms and nothing contained in this Agreement or otherwise amends this loan in any manner.
Housing Loan. It has been agreed by the Management to enhance the maximum amount of Housing loan as follows, subject to the applicable stipulations: Clerical staff Rs.6.50 lakh from the existing limit of Rs.5.00 lakh Bankmen Rs.4.50 lakh from the existing limit of Rs.3.50 lakh Rate of Interest : Upto and inclusive of Rs.1.80 lakh : 5%simple Above Rs.1.80 lakh : 9% simple
Housing Loan. Beginning on October 1, 1999 and continuing for twenty- ------------ four (24) months, provided that Xx. Xxxxxxxxx is continuously employed as an Officer of the Company, the Company shall make a loan each month to Xx. Xxxxxxxxx in the principal amount of Twenty Thousand Dollars ($20,000) at no interest (the foregoing, the "Housing Loan"). On October 1, 2001, the following actions shall be taken:
Housing Loan. Your Company-provided housing loan in the amount of $400,000 will be repaid by you upon the sale of your home or by December 31, 1996, if sooner.
Housing Loan. The Company will provide Executive a loan secured by a deed of trust on Executive's principle residence (which security interest will be subordinate to Executive's first mortgage from a financial institution on such residence) in a principal amount of up to $150,000 (the "LOAN"), in order to assist Executive in the purchase of a home in the San Francisco Bay Area. The Loan, including principal and outstanding interest thereon, will be payable by Executive at the earlier of (i) immediately prior to the filing by the Company of its first registration statement with the Securities and Exchange Commission under
Housing Loan. The Parties acknowledge that the WECO Employment Agreement provided for a secured, interest-free housing loan for $1,000,000 to the Employee, which loan has been made. The Employee agrees to repay such loan on the terms provided in the promissory note previously executed by Employee in favor of WECO, which note is substantially in the form attached as Exhibit C to the WECO Employment Agreement.
