Common use of Escrow of Shares Clause in Contracts

Escrow of Shares. (a) To ensure the availability for delivery of the Purchaser's Unreleased Shares upon exercise of the Repurchase Option by the Company, the Purchaser shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company (the "Escrow Holder") the share certificates representing the Unreleased Shares, together with the Assignment Separate from Certificate (the "Stock Assignment") duly endorsed in blank, attached hereto as Exhibit A-1. The Unreleased Shares and Stock Assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Purchaser attached as Exhibit A-2 hereto, until such time as the Company's Repurchase Option expires. As a further condition to the Company's obligations under this Agreement, the spouse of Purchaser, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A-3.

Appears in 11 contracts

Samples: Security Agreement (Avanex Corp), Restricted Stock Purchase Agreement (Avanex Corp), Security Agreement (Avanex Corp)

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Escrow of Shares. (a) To ensure the availability for delivery of the Purchaser's Unreleased Shares upon exercise of the Repurchase Option repurchase by the Company pursuant to the Company's repurchase option under Section 3 above, the Purchaser shall, upon execution of this Agreement, deliver and deposit deposit, with an escrow holder designated by the Company (the "Escrow Holder") designated by the Company, the share certificates representing the Unreleased Shares, together with the Assignment Separate from Certificate (the "Stock Assignment") stock assignment duly endorsed in blank, blank attached hereto as Exhibit A-1. The Unreleased Shares and Stock Assignment stock assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Purchaser attached as Exhibit A-2 hereto, until such time as the Company's Repurchase Option repurchase option expires. As a further condition to the Company's obligations under this Agreement, the spouse of Purchaser, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A-3.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Usweb Corp)

Escrow of Shares. (a) To ensure the availability for delivery of the Purchaser's Unreleased Shares upon exercise of the Repurchase Option repurchase by the Company pursuant to the Company's repurchase option under Section 2 above, the Purchaser shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company (the "Escrow Holder") the share certificates representing the Unreleased Shares, together with the Assignment Separate from Certificate (the "Stock Assignment") stock assignment duly endorsed in blank, attached hereto as Exhibit A-1A-2. The Unreleased Shares and Stock Assignment stock assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Purchaser attached as Exhibit A-2 A-3 hereto, until such time as the Company's Repurchase Option repurchase option expires. As a further condition to the Company's obligations under this Agreement, the spouse of Purchaser, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A-3A4.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Egroups Inc)

Escrow of Shares. (a) To ensure the availability for delivery of the PurchaserEmployee's Unreleased Shares upon exercise of the Repurchase Forfeiture Option by the Company, the Purchaser Employee shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company (the "Escrow Holder") the share certificates representing the Unreleased Shares, together with the Assignment Separate from Certificate (the "Stock Assignment") duly endorsed in blank, attached hereto as Exhibit A-1. The Unreleased Shares and Stock Assignment shall ----------- be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Purchaser Employee attached as Exhibit A-2 hereto, until such time as the ----------- Company's Repurchase Forfeiture Option expires. As a further condition to the Company's obligations under this Agreement, the spouse of PurchaserEmployee, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A-3.. -----------

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Avanex Corp)

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Escrow of Shares. (a) To ensure the availability for delivery of the PurchaserEmployee's Unreleased Shares upon exercise of the Repurchase Forfeiture Option by the Company, the Purchaser Employee shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company company (the "Escrow Holder") the share certificates representing the Unreleased Shares, together with the Assignment Separate from Certificate (the "Stock Assignment") duly endorsed in blank, attached hereto as Exhibit A-1. The Unreleased Shares and Stock Assignment shall ----------- be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Purchaser Employee attached as Exhibit A-2 hereto, until such time as the ----------- Company's Repurchase Forfeiture Option expires. As a further condition conditions to the Company's obligations under this Agreement, the spouse of PurchaserEmployee, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A-3.. -----------

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Avanex Corp)

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