It is not uncommon for employers to make loans to their new executives. The purpose of such a loan may be to assist the executive in the purchase of a home or other relocation expenses. Frequently, the loan is forgivable over a period of time provided the executive remains employed. The loan also may be forgivable if the executive's employment terminates for specified reasons (e.g., death, disability or termination by the employer without cause).
Philadelphia Pennsylvania Promissory Note - Forgivable Loan
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-01476BG
Format:
Word;
Rich Text
Instant download
Description
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