An employee benefit trust loan is a type of loan that is used to help employees cover the costs of their benefits. This type of loan is typically used to help employees pay for their health insurance, life insurance, and other types of benefits. The loan is typically repaid through payroll deductions.
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Use our legal assistantThis document is a loan agreement between a company and an employee benefit trust (EBT) in which the company agrees to make a one-time loan of a fixed amount to the EBT for the purpose of purchasing shares.
