Escrowed Stock definition

Escrowed Stock shall have the meaning set forth in Section 1.2(c).

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Escrowed Stock has the meaning set forth in Section 2.3(b).

Escrowed Stock means stock owned by an insurance company with respect to which an escrow receipt has been issued.

Examples of Escrowed Stock in a sentence

• Upon the death of the holder of any Escrowed Stock, the Escrowed Stock of the deceased holder may be hypothecated, subject to all of the terms of this Agreement, to the extent necessary to pay the expenses of the estate.

• Stock dividends on, and shares resulting from stock splits of, the Escrowed Stock shall be delivered to the Escrow Agent and shall be held pursuant to this Agreement as if they were original shares of Escrowed Stock deposited hereunder.

• The Escrowed Stock shall have all voting rights to which the non-escrowed shares are entitled.

• The Escrowed Stock may be transferred by will, or pursuant to the laws of descent and distribution, or through appropriate legal proceedings, but in all cases the Shares shall remain in escrow and subject to the terms of this Agreement until released pursuant to paragraph 2 or paragraph 3 above.

• Simultaneously with the execution of this Agreement, each Security Holder is depositing with the Escrow Agent, and the Escrow Agent hereby acknowledges receipt of, the certificates and documents representing the Escrowed Stock listed on Exhibit A.

More Definitions of Escrowed Stock

Escrowed Stock means that number of shares of Parent Common Stock equal to the quotient of $6,900,000, divided by the Parent Stock Per Share Price as of the Closing Date, rounded to the nearest whole share and issued pro rata and in the names of the Principals.

Escrowed Stock means a number of Parent Class D Shares, which shall be deposited by the Parent into a post-Closing escrow account in accordance with Section 2.6 of this Agreement, equal to the sum of (i) the Escrowed Series A Stock Merger Consideration and (ii) the Escrowed Series B Stock Merger Consideration.

Escrowed Stock is defined in Section 4.5(a).

Escrowed Stock means a number of Parent Shares equal to the quotient of (a) the product of the Escrow Amount multiplied by the Share Consideration Percentage, divided by (b) the Parent Stock Price, rounded down to the nearest whole share, together with any non-Taxable stock dividends declared and paid in respect of such shares.

Escrowed Stock means stock with respect to which an escrow receipt has been issued.

Escrowed Stock means the 177,777,781 shares of Common Stock of the Company, $.001 par value, represented by certificates in denominations of 8,888,889, 8,666,667 and 7,222,222 shares of Common Stock registered in the names of the Holders, and allocated among the Holders as set forth on Schedule A hereto, to be delivered to the Escrow Agent on or before the Initial Closing Date, as the term is defined in the Subscription Agreement, and to be held in escrow by the Escrow Agent.

Escrowed Stock means the 2,300,000 shares of Common Stock of the Company, $.000l par value, represented by certificates registered in the name of the Holders, to be delivered on the Closing Date, as the term is defined in the Subscription Agreement, to the Escrow Agent in the names and denominations as set forth in Schedule A attached hereto, and to be held in escrow by the Escrow Agent.