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10:37 Dec 4, 2003
English to Italian translations [PRO] Bus/Financial
English term or phrase:Retention plan
As of September 30, 2003, X had loans outstanding to four officers totaling 7 million. The maximum aggregate amount of loans outstanding during the nine months ended September 30, 2003 from X to officers and/or directors was approximately yyyy million. [Of this amount, approximately 1 million corresponded to loans granted pursuant to retention plans. The remainder corresponded to car loans. The annual interest rate for all these loans was 6%.]