Common use of Deposit of Option Shares in Escrow Clause in Contracts

Deposit of Option Shares in Escrow. Each of the Shareholders has deposited in escrow with Exxxx & Vxx Xxxxxx LLP, as escrow agent (the “Escrow Agent”), stock certificates evidencing his Option Shares, registered in his or its name, duly endorsed for transfer in blank or accompanied by duly executed stock powers, in accordance with, and subject to the terms and conditions set forth in, an Escrow Agreement dated as of the date hereof by and among the Shareholders, the Optionee and the Escrow Agent (the “Escrow Agreement”). The Escrow Agent will hold the Option Shares until the Option has been exercised as to those Option Shares or the Expiration Date as to those Option Shares as to which this Option has not been exercised.

Deposit of Option Shares in Escrow. Each of the Shareholders has deposited in escrow with Exxxx Xxxxx & Vxx Xxx Xxxxxx LLP, as escrow agent (the “Escrow Agent”), stock certificates evidencing his Option Shares, registered in his or its name, duly endorsed for transfer in blank or accompanied by duly executed stock powers, in accordance with, and subject to the terms and conditions set forth in, an Escrow Agreement dated as of the date hereof by and among the Shareholders, the Optionee and the Escrow Agent (the “Escrow Agreement”). The Escrow Agent will hold the Option Shares until the Option has been exercised as to those Option Shares or the Expiration Date as to those Option Shares as to which this Option has not been exercised.