Common use of Relocation Loan Clause in Contracts

Relocation Loan. Concurrent with the execution of the original --------------- Agreement on February 1, 1997, the Company offered an unsecured loan to Ross in the principal amount of $20,000 bearing simple interest at 5.81% per annum, which amount may be taken all at once or in installments (the "Relocation Loan"). Repayment of the principal amount of the Relocation Loan and any interest payable thereon shall be forgiven, as follows: (i) on a pro rata basis, during ▇▇▇▇'▇ employment with the Company, upon the close of business on the last business day of each month commencing with the first full month in which sums are advanced under this Agreement and ending January 31, 2000 and (ii) in its entirety under the circumstances set forth in Section 4.2 hereof. In the event that ▇▇▇▇'▇ employment under this Agreement is terminated by Ross without Good Reason (as defined herein) or for Cause as defined in Section 4.1(iii), Ross shall pay the total of unforgiven principal and interest due under the Relocation Loan within ninety (90) days of the occurrence of such event. The Relocation Loan shall be evidenced by a promissory note in form acceptable to Ross and the Company consistent with the terms of this Agreement.

Relocation Loan. Concurrent with Following the execution of the original --------------- Agreement on February 1, 1997this Agreement, the --------------- Company offered shall offer an unsecured loan to Ross in the principal amount of not to exceed $20,000 bearing simple interest at 5.81% per annum, which amount may be taken all at once or in installments (the "Relocation Loan"). Repayment of the principal amount of the Relocation Loan and any interest payable thereon shall be forgiven, as follows: (i) on a pro rata basis, during ▇▇▇▇'▇ employment with the Company, upon the close of business on the last business day of each month commencing with the first full month in which sums are advanced under this Agreement and ending January 31, 2000 and (ii) in its entirety under the circumstances set forth in Section 4.2 hereof. In the event that ▇▇▇▇'▇ employment under this Agreement is terminated by Ross without Good Reason (as defined herein) or for Cause as defined in Section 4.1(iii), Ross shall pay the total of unforgiven principal and interest due under the Relocation Loan within ninety (90) days of the occurrence of such event. The Relocation Loan shall be evidenced by a promissory note in form acceptable to Ross and the Company consistent with the terms of this Agreement.