Employment Promissory Note Template for Australia

1. Security: Include when the note is secured by specific assets or guarantees

2. Tax Provisions: Include when specific tax treatment or implications need to be addressed

3. Confidentiality: Include when sensitive employment or financial information needs protection

4. Assignment: Include when transfer rights need to be specifically addressed or restricted

5. Insurance Requirements: Include when insurance is required to secure the note

6. Dispute Resolution: Include when specific dispute resolution procedures are preferred over standard court proceedings

7. Forgiveness Conditions: Include when the note may be partially or fully forgiven based on employment milestones

8. Performance Metrics: Include when repayment terms are linked to employment performance

1. Payment Schedule: Detailed breakdown of payment amounts, dates, and calculations

2. Employment Terms Reference: Summary or reference to relevant employment terms affecting the note

3. Security Details: If applicable, detailed description of any security or collateral

4. Performance Criteria: If applicable, metrics and targets related to potential forgiveness or modification of terms

5. Calculation of Interest: If applicable, detailed method for calculating interest and adjustments

6. Form of Notice: Template for required notices under the agreement