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Canada Purchase Money Promissory Note for Employee to Purchase Option Shares

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

Interest on the Note will be calculated and paid monthly.
The amount due under the Note is subject to setoff for bonus compensation and other amounts payable by the corporation to the employee.
The employee grants the corporation a continuing security interest in the option shares.

This Canada Purchase Money Promissory Note for Employee to Purchase Option Shares template is available in MS Word format, and can be edited as necessary to include all the specifics of your transaction.

Download: Canada Purchase Money Promissory Note for Employee to Purchase Option Shares

Related Forms:

Canada Confidentiality Agreement for Employee Wishing to Buy Shares

Related Categories:

Legal Forms & Documents > Promissory Note Forms > Canada Promissory Note Forms

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Canadian Law Resources:

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