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.
Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Stock held hereunder.
An employee who desires to transfer shall file a Transfer Request with the superintendent or designee when a vacancy exists.
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 Stock with any court it reasonably deems appropriate.