Common use of Escrow of Shares Clause in Contracts

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth above.

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Silicon Energy Corp), Restricted Stock Purchase Agreement (Silicon Energy Corp), Restricted Stock Purchase Agreement (Cisco Systems Inc)

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Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Secretary of the Company or its designee (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's ’s option to repurchase such Shares as set forth above.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Engenavis, Inc.), Restricted Stock Purchase Agreement (Engenavis, Inc.), Restricted Stock Purchase Agreement (Engenavis, Inc.)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an the Secretary of the Company as escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser Awardee in blank, until the expiration of the Company's option to repurchase such Shares as set forth aboveRepurchase Option.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (IdentifySensors Biologics Corp.), Restricted Stock Award Agreement (808 Renewable Energy Corp), Restricted Stock Award Agreement (IdentifySensors Biologics Corp.)

Escrow of Shares. (a) The All Shares issued under this Agreement shall be held in escrow by an the person serving from time to time as the corporate Secretary of the Company, as escrow holder designated (“Escrow Holder”). The execution of this Agreement by the Company (the "Escrow Holder"), along with Purchaser shall constitute a stock assignment executed by the Purchaser in blank, until with respect to the expiration transfer of the Shares in accordance with this Agreement. The Escrow Holder is hereby directed to permit transfer of Shares in accordance with this Agreement or instructions signed by both the Purchaser and the Company's option to repurchase such Shares as set forth above.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Duke Robotics, Inc.), Stock Purchase Agreement (Duke Robotics, Inc.)

Escrow of Shares. (a1) The Shares issued under this Agreement shall be held by an the Secretary of the Company as escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option Repurchase Option with respect to repurchase such Shares as set forth above.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Petsmart Com Inc), Stock Purchase Agreement (Petsmart Com Inc)

Escrow of Shares. (a) The All of the Shares issued under this Agreement shall be held by an escrow holder designated by the Secretary of the Company or his designee (the "Escrow Holder"), along with a stock assignment executed by the Purchaser Founder in blank, until the expiration in full of the Company's option to repurchase such Shares as set forth above.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Netflix Com Inc), Restricted Stock Purchase Agreement (Netflix Com Inc)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth above.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Axys Pharmecueticals Inc)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an the Secretary of the Company as escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth aboveabove and full payment of the Note.

Appears in 1 contract

Samples: Stock Purchase Agreement (Medicode Inc)

Escrow of Shares. (aA) The Shares issued under this Agreement shall be held by an the Secretary of the Company as escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option Repurchase Option with respect to repurchase such Shares as set forth above.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Petsmart Com Inc)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth aboveRepurchase Option.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Cloudastructure, Inc.)

Escrow of Shares. (a) The All Shares issued under this Agreement shall will be held by an in escrow holder designated by the Secretary of the Company or his or her designee (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, ”) until the expiration of the Company's option to repurchase such Shares as set forth abovecease to be subject to forfeiture in accordance with Section 2, at which time the Escrow Holder will deliver such nonforfeitable Shares to the Grantee; provided, however, that no Shares will be delivered to the Grantee until appropriate arrangements have been made with the Company for the withholding or payment of any taxes that may be due with respect to such Shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (First Commonwealth Financial Corp /Pa/)

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Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Secretary of the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser Participant in blank, until the expiration of the Company's option to repurchase such Shares Option as set forth above.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Standard Drilling, Inc.)

Escrow of Shares. (a) The All Shares issued under of Restricted Stock will, upon execution of this Agreement shall Agreement, be held by delivered and deposited with an escrow holder designated by the Company (the "Escrow Holder"), along with a . The Shares of Restricted Stock and stock assignment executed attached hereto as Exhibit A will be held by the Purchaser in blank, Escrow Holder until the expiration of such time as the Company's option to repurchase such Shares ’s Reacquisition Right expires or the date Purchaser’s status as set forth abovea Service Provider terminates.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Plantronics Inc /Ca/)

Escrow of Shares. (a) a. The Shares issued under this Agreement shall be held by an the Secretary of the Company as escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment in the form attached hereto as Exhibit B executed by the Purchaser in blank, until the expiration of the Company's option ’s Repurchase Option with respect to repurchase such Shares as set forth above.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (ReachLocal Inc)

Escrow of Shares. (a) a. The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser Executive in blank, until the expiration of the CompanyParent's option rights to repurchase such Shares Shares, as set forth above, have expired.

Appears in 1 contract

Samples: Restricted Stock Agreement (Saleslogix Corp)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth above. An additional 140,000 shares of the Company's Common Stock which are presently outstanding in the name of the Purchaser shall also be held in escrow as additional security for the Note.

Appears in 1 contract

Samples: Stock Purchase Agreement (Spectrx Inc)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a stock assignment executed by the Purchaser in blank, until the expiration of the Company's option to repurchase such Shares as set forth above. An additional 217,000 shares of the Company's Common Stock which are presently outstanding in the name of the Purchaser shall also be held in escrow as additional security for the Note.

Appears in 1 contract

Samples: Stock Purchase Agreement (Spectrx Inc)

Escrow of Shares. (a) The Shares issued under this Agreement shall be held by an escrow holder designated by the Company (the "Escrow Holder"), along with a two stock assignment assignments executed by the Purchaser in blank, until the expiration of the Company's option options and right of first refusal with respect to repurchase such Shares as set forth above.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Godigital Networks Corp)

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