Give employees an opportunity to become shareholders in your company by way of an interest free loan with this
Employee Stock Purchase Plan by Interest Free Loan template.
- The Plan will provide interest-free loans to eligible employees of the company as an incentive to allow them to purchase shares of stock and participate in the business' future.
- Eligible employees must provide the company with a direction to advance loan proceeds, and a promissory note for the amount of the loan.
- The employee may pay the loan before maturity without bonus or penalty.
- A trustee will hold the shares in trust for the employee, and will release a certain percentage of the shares at each anniversary of the purchase date, provided that the employee is not in default of payments under the note.
This
Employee Stock Purchase Plan by Interest Free Loan template is provided in MS Word format, and is fully editable.
