Common use of Shares Held in Escrow Clause in Contracts

Shares Held in Escrow. Unless and until the Shares have vested in the manner set forth in paragraphs 4 or 5, such Shares will be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and cannot be sold, transferred or otherwise disposed of, nor pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Shares or otherwise note its records as to the restrictions on transfer set forth in this Agreement. The certificate or certificates representing such Shares will not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Shares Held in Escrow. Unless and until the Restricted Shares shall have vested in the manner set forth in paragraphs 4 or 5, such Shares will shares shall be issued in the name of the Employee Director and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and canshall not be sold, transferred or otherwise disposed of, nor of and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Restricted Shares or otherwise note its records as to the restrictions on transfer set forth in this Agreement. The certificate or certificates representing such Shares will not shares shall be delivered by the Escrow Agent to the Employee unless and until Director only after the Shares shares have vested and all other terms and conditions in this Agreement have been satisfied.

Shares Held in Escrow. Unless and until the Shares will have vested in the manner set forth in paragraphs 4 3 or 54, such Shares will be issued in the name of the Employee Participant and held by the Secretary of the Company Corporation as escrow agent (the “Escrow Agent”), and canwill not be sold, transferred or otherwise disposed of, nor and will not be pledged or otherwise hypothecated. The Company Corporation may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Shares or otherwise note its records as to the restrictions on transfer set forth in this AgreementAgreement and the Plan. The certificate or certificates representing such Shares will not be delivered by the Escrow Agent to the Employee Participant unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Shares Held in Escrow. Unless and until the Shares have vested in the manner set forth in paragraphs 4 or 5, such Shares will be issued in the name of the Employee Director and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and cannot be sold, transferred or otherwise disposed of, nor pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Shares or otherwise note its records as to the restrictions on transfer set forth in this Agreement. The certificate or certificates representing such Shares will not be delivered by the Escrow Agent to the Employee Director unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Shares Held in Escrow. Unless and until the Shares of Restricted Stock will have vested in the manner set forth in paragraphs 4 or 5Section 3 above, such Shares will be issued in the name of the Employee Director and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), Agent and canwill not be sold, transferred or otherwise disposed of, nor and will not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement. The certificate or certificates representing such Shares will not be delivered by the Escrow Agent to the Employee Director unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Shares Held in Escrow. Unless and until the Shares of Restricted Stock will have vested in the manner set forth in paragraphs 4 or 5Section 3 above, such Shares will be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), Agent and canwill not be sold, transferred or otherwise disposed of, nor and will not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement. The certificate or certificates representing such Shares will not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.