Promotion Notification :
Promissory Note in Lieu of Open Account Debt :
Dear Mr. / Mrs…...,
FOR VALUE RECEIVED, the undersigned promise to pay to the order of ____________ the sum of __________ [$___________] Dollars, together with interest thereon at the rate of ____________% per annum on the unpaid balance.
Said principal and interest shall be payable in the manner following.
The undersigned may prepay this note without penalty. In the event any payment due hereunder is not paid when due, the entire balance shall be immediately due upon demand of any holder. Upon default, the undersigned shall pay all reasonable attorney fees and costs necessary for the collection of this note.
This note is executed to evidence a certain existing indebtedness due the payee from the undersigned relative to a certain open account balance as of this date, and this note shall not be construed as a separate obligation.
Signed under seal this day (DATE)
Promissory Note and Installment Note :
Dear Mr. / Mrs……,
PROMISSORY NOTE - Installment Note - Short Form
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of __________________, the sum of _____________ [$___________] Dollars, together with interest thereon at the rate of ___________% per annum on any unpaid balance.
Said sum, inclusive of interest, shall be paid in ____________ [monthly/weekly] installments of $_____________ each, with a first payment due (DATE) and a like amount on the same day of each [month/week] thereafter until the full amount of this note and accrued interest shall be fully paid. All payments shall be first applied to accrued interest and the balance to principal. The undersigned reserves the right to pre-pay this note in whole or in part without penalty.
This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within ____________ days of its due date.
In the event of any default, the undersigned agreed to pay all reasonable attorney fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee's state.
Promotion Notification :
Dear Mr. / Mrs…..,
It is our great pleasure to inform you that you have been promoted to the challenging and demanding position of [position].
This promotion is in recognition of the fine work you have done for this firm. We are very confident that you will meet the new responsibilities which accompany the position of [position] with the same level of enthusiasm and enterprise which you have exhibited since you came to work with our firm.
Please accept our congratulations on your new promotion.
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