Loan Agreement

Loan Amount:
Date:

For the above value received by , (the Borrower) with the position of  , agrees to pay Rank Above Others Inc. (the Lender).

The Borrower agrees to pay off the loan as a from every pay period starting .

In the event, the employee quits or is terminated before repayment is completed, any remaining balance owed will be deducted from the employee's final payout.