Examples of Escrow Stock in a sentence
In the event of Executive's death, Executive's estate or his designated beneficiary shall be paid by the Company all of the compensation and benefits due to Executive through the date of his death, including without limitation, the Escrow Stock and stock option benefits to which Executive was entitled as of the date of his death.
In the event that, at any time within 90 days of the Closing Date, Buyer sells HealthStream Stock pursuant to an Equity Financing for a price per share less than the Average Price, then Buyer shall issue to Seller, without further consideration, stock certificates representing that number of shares of HealthStream Stock (rounded to the nearest whole number) equal to (a) $1,500,000 divided by the Equity Financing Price, minus (b) the sum of the Closing Stock and the Escrow Stock.
Upon the execution by the Purchaser of this Agreement, Purchaser agrees to deposit with the Escrow Agent named in the Escrow Agreement an amount of the Purchaser’s common stock (the “Escrow Stock”) having a value as of the date of deposit of One Hundred Fifty Thousand and 0/100 Dollars ($150,000.00) (the Initial Escrow Money and the Escrow Stock and the proceeds thereof being sometimes called herein the "Escrow Money").
All Escrow Stock represented by Company Stockholder Certificates, together with all Transfer Documentation, shall be held in escrow pursuant to the terms of this Agreement to the same extent and subject to the same terms and conditions as applicable to Escrow Stock represented by Escrow Agent Certificates.
On or prior to the date hereof, each of the Initial Stockholders delivered to the Escrow Agent certificates representing such Initial Stockholder’s respective Escrow Stock, together with applicable stock powers, to be held and disbursed subject to the terms and conditions of this Agreement.