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1. Parties: Identifies the employer/lender and employee/borrower
2. Background: Explains the context and purpose of the loan agreement
3. Definitions: Defines key terms used throughout the agreement
4. Loan Amount and Purpose: Specifies the loan amount and its intended use
5. Repayment Terms: Details the repayment schedule, interest rate, and payment methods
6. Security and Collateral: Specifies any security arrangements for the loan
7. Default Provisions: Defines events of default and consequences
1. Loan Forgiveness Terms: Conditions under which the loan may be forgiven - used when loan forgiveness is offered as an employment benefit
2. Early Repayment: Terms for early loan repayment - used when early repayment options are available
3. Employment Termination Provisions: Impact of employment termination on loan terms - used when loan terms are tied to continued employment
1. Repayment Schedule: Detailed schedule of payment dates and amounts
2. Loan Calculation Worksheet: Shows interest calculations and total repayment amount
3. Payroll Deduction Authorization: Employee authorization for loan repayment via payroll deduction
4. Tax Implications Disclosure: Summary of tax consequences for both parties
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