Escrow Shares definition

Escrow Shares shall be deemed to include the Non-Cash Dividends distributed thereon, if any.

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Escrow Shares has the meaning set forth in Section 2.10.

Escrow Shares shall have the meaning set forth in Section 2.1.

Examples of Escrow Shares in a sentence

Upon completion of the Escrow Period, the Escrow Agent shall disburse such amount of each Founder’s Escrow Shares to the applicable Founder.
If no new escrow agent is so appointed within the 60-day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Shares with any court it reasonably deems appropriate in the State of New York.
The Escrow Agent shall have no further duties hereunder after the disbursement of the Escrow Shares in accordance with this Section 3.2.
For as long as any shares are held in escrow pursuant to this Agreement, all dividends payable in cash with respect to the Escrow Shares shall be paid to the Founders, but all dividends payable in stock or other non-cash property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof.
Such resignation shall become effective at such time that the Escrow Agent shall turn the Escrow Shares over to a successor escrow agent appointed by the Company and approved by the Representative, which approval will not be unreasonably withheld, conditioned or delayed.

More Definitions of Escrow Shares

Escrow Shares has the meaning set forth in Section 3.3.

Escrow Shares shall have the meaning set forth in Section 1.4 of the Agreement.

Escrow Shares shall have the meaning provided in Section 3.1(f).

Escrow Shares has the meaning set forth in Section 5(a).

Escrow Shares has the meaning assigned to that term in Section 2.4;

Escrow Shares are defined in Section 4.1(a).

Escrow Shares means the certificates representing Fifty Million (50,000,000) shares of duly issued Common Stock, without restriction and freely tradable pursuant to Rule 504 of Regulation D of the Securities Act, in the share denominations specified by the Purchaser, registered in the name of the Purchaser and/or its assigns to be held in escrow pursuant to this Agreement and the Escrow Agreement.