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Employee Cash Advance Agreement Template
I need an Employee Cash Advance Agreement Template for our Dubai-based tech startup with 50 employees, allowing advances up to 3 months' salary with a maximum repayment period of 12 months and including Shariah-compliant terms.
1. Parties: Identifies the employer company and the employee receiving the advance
2. Background: States the employment relationship and context for the cash advance request
3. Definitions: Defines key terms used in the agreement including 'Cash Advance', 'Repayment Period', 'Monthly Installment'
4. Advance Amount and Purpose: Specifies the exact amount of the cash advance and its intended purpose
5. Repayment Terms: Details the repayment schedule, installment amounts, and method of repayment through salary deduction
6. Salary Deduction Authorization: Employee's explicit consent for the employer to deduct repayment amounts from salary
7. Employment Termination: Provisions for immediate repayment of outstanding amounts if employment ends
8. Legal Compliance: Confirmation that the agreement complies with UAE labor laws and wage protection regulations
9. Governing Law and Jurisdiction: Specifies UAE law as governing law and UAE courts' jurisdiction
1. Interest and Charges: Details any administrative charges if applicable (used only if charging fees, must be Shariah-compliant)
2. Security: Details any security or guarantees required (used for larger advance amounts)
3. Early Repayment: Terms for early repayment of the advance (used when early repayment is permitted)
4. Multiple Advances: Provisions regarding multiple advances (used when company policy allows multiple advances)
5. End of Service Adjustment: Provisions for adjusting end of service benefits (used when advance amount is significant)
6. Shariah Compliance Declaration: Statement of Shariah compliance (used when required by company policy or regulatory requirements)
1. Schedule 1 - Repayment Schedule: Detailed monthly repayment schedule showing installment amounts and dates
2. Schedule 2 - Salary Deduction Form: Standard form authorizing specific deductions from salary
3. Appendix A - Employee Information: Details of employee including employee ID, position, and salary information
4. Appendix B - Company Policies: Relevant excerpts from company policies regarding cash advances
Authors
Advance Amount
Company
Employee
Employment Contract
Monthly Salary
Repayment Period
Monthly Installment
Repayment Schedule
Salary Deduction Authorization
Default
Business Day
Effective Date
Emirates ID
Labor Law
Outstanding Balance
Wage Protection System
Working Day
Base Salary
Termination Date
End of Service Benefits
Notice Period
Payment Date
Repayment Authorization
Purpose of Advance
Repayment Terms
Salary Deduction Authorization
Payment Schedule
Default
Early Repayment
Employment Termination
Representations and Warranties
Acknowledgment
Legal Compliance
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
Notice
Force Majeure
Assignment
Confidentiality
Data Protection
Dispute Resolution
Waiver
Banking & Financial Services
Real Estate & Construction
Healthcare
Retail & Consumer
Technology
Manufacturing
Energy & Resources
Education
Hospitality & Tourism
Professional Services
Transportation & Logistics
Media & Entertainment
Human Resources
Finance
Legal
Payroll
Compliance
Operations
Human Resources Director
HR Manager
Finance Manager
Payroll Manager
Legal Counsel
HR Operations Manager
Finance Director
Compliance Officer
HR Business Partner
Payroll Administrator
HR Administrator
Finance Controller
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