Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 2 contracts
Samples: La Gear Inc, La Gear Inc
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 15 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 2 contracts
Samples: Hanna M a Co/De, Longview Fibre Co
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 2 contracts
Samples: Nipsco Industries Inc, Nipsco Industries Inc
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 15 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 2 contracts
Samples: Advo Inc, Longview Fibre Co
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.. --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Spieker Properties Inc
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 20 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 1 contract
Samples: Gerber Scientific Inc
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or on in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 1 contract
Samples: New Nisource Inc
Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction, provided that payment may be made by check for advance payments or when a Participant is not otherwise eligible to make payment by payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.
Appears in 1 contract
Samples: Riviana Foods Inc /De/