Stock Acquisition Loan

Example Definitions of "Stock Acquisition Loan"
Stock Acquisition Loan. Means an individually secured loan negotiated with the Company's assistance or prior approval with an approved lending institution on behalf of a Participant. A Stock Acquisition Loan shall be obtained by the Participant on the basis of his or her individual credit worthiness and shall be not guaranteed by the Company. The maximum term for a Stock Acquisition Loan shall be seven (7) years.
All Definitions