Purchase Money Promissory Note for Employee Share Purchase

Encourage your employees to buy stock in the company by loaning them the money to purchase option shares, and secure the loan with this Purchase Money Promissory Note for Employee Share Purchase.

• Interest will be calculated and paid monthly.
• Set-Off. The amount due under the Note is subject to set-off for bonus compensation and other amounts payable by the corporation to the employee.
• Security Interest.The employee grants the company a continuing security interest in the option shares.