Employee Loan Agreement

Company Name And Address:

Employee Name:

1. The Employee hereby acknowledges a debt to the Employer/Company in the amount of

_________________________($_______) for the following reason(s):

2. The Employee hereby authorizes the Employer/Company to deduct the amount of

________________________($_______) per paycheck from the Employee's payroll starting

from _________________20____ until the amount is paid in full.

4. The Employee further agrees that the entire outstanding amount will be deducted from the

Employee's paycheck upon resignation or termination of employment with the

Employer/Company.

Signed at ____________________ on this ________day of 20_____.

Employee's Signature: ________________________

Witness1 Signature: __________________________

Witness2 Signature: __________________________

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Parent category: Business