Common use of Escrow of Shares Clause in Contracts

Escrow of Shares. (a) To ensure the availability for delivery of Participant’s Unreleased Shares upon exercise of the Repurchase Option by the Company, Participant will, 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 B-1. The Unreleased Shares and Stock Assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Participant attached as Exhibit B-2 hereto, until such time as the Company’s Repurchase Option expires.

Appears in 12 contracts

Samples: Restricted Stock Agreement (Complete Solaria, Inc.), Restricted Stock Purchase Agreement (Capitol Investment Corp. V), Restricted Stock Purchase Agreement (Verrica Pharmaceuticals Inc.)

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Escrow of Shares. (a) To ensure the availability for delivery of Participantthe Purchaser’s Unreleased Shares upon exercise of repurchase by the Company pursuant to the Repurchase Option by Option, the Company, Participant willPurchaser 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 B-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 Participant Purchaser attached hereto as Exhibit B-2 heretoA-3, until such time as the Company’s Repurchase Option expires.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Somera Communications Inc), Stock Option Agreement (Netflix Inc)

Escrow of Shares. (ai) To ensure the availability for delivery of Participant’s Unreleased Shares upon exercise of the Repurchase Option by the Company, Participant will, 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 B-1. The Unreleased Shares and Stock Assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Participant attached as Exhibit B-2 hereto, until such time as the Company’s Repurchase Option expires.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Fluidigm Corp)

Escrow of Shares. (a) To ensure the availability for delivery of Participant’s the Purchaser's Unreleased Shares upon exercise of repurchase by the Company pursuant to the Repurchase Option by Option, the Company, Participant willPurchaser 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 B-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 Participant Purchaser attached hereto as Exhibit B-2 heretoA-3, until such time as the Company’s Repurchase Option expires.'s

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Clearcommerce Corp)

Escrow of Shares. (a) To ensure the availability for delivery of Participant’s the Purchaser's Unreleased Shares upon exercise of repurchase by the Company pursuant to the Repurchase Option by Option, the Company, Participant willPurchaser 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 B-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 Participant Purchaser attached hereto as Exhibit B-2 heretoA-3, until such time as the Company’s 's Repurchase Option expires.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Snap Appliances Inc)

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Escrow of Shares. (a) To ensure the availability for delivery of Participant’s the Executive's Unreleased Shares upon exercise of the Repurchase Option Right by the Company, Participant willthe Executive 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 B-1. A. The Unreleased Shares and Stock Assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Participant Executive attached as Exhibit B-2 A hereto, until such time as the Company’s 's Repurchase Option Right expires.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Peoplesoft Inc)

Escrow of Shares. (a) To ensure the availability for delivery of Participant’s the Purchaser's Unreleased Shares upon exercise of repurchase by the Company pursuant to the Repurchase Option by Option, the Company, Participant willPurchaser 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 B-1EXHIBIT A-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 Participant Purchaser attached hereto as Exhibit B-2 heretoEXHIBIT A-3, until such time as the Company’s 's Repurchase Option expires.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Copart Inc)

Escrow of Shares. (a) To ensure the availability for delivery of ParticipantPurchaser’s Unreleased Shares upon exercise of the Repurchase Option by the Company, Participant willPurchaser 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 B-1A-1. The Unreleased Shares and Stock Assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Participant Purchaser attached as Exhibit B-2 A-2 hereto, until such time as the Company’s Repurchase Option expires.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Overhill Farms Inc)

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