Common use of Creation of Escrow Clause in Contracts

Creation of Escrow. Over the five business days on and after the Effectiveness Date, the Employee shall use the entire Escrow Amount to purchase shares of Parent Common Stock in open market brokerage transactions. The Employee hereby agrees to transfer to the Escrow Agent all such shares of Parent Common Stock (the "Escrowed Shares") as they are purchased. The Employee has executed the attached irrevocable order to purchase the Escrowed Shares as soon as practicable over the five business days on and after the Effectiveness Date. The Escrow Agent hereby agrees to accept the Escrowed Shares and hold the same in escrow pursuant to the terms of this Agreement.

Creation of Escrow. Over the five business days on and after the Effectiveness Date, the Employee Consultant shall use the entire Escrow Amount to purchase shares of Parent Common Stock in open market brokerage transactions. The Employee Consultant hereby agrees to transfer to the Escrow Agent all such shares of Parent Common Stock (the "Escrowed Shares") as they are purchased. The Employee Consultant has executed the attached irrevocable order to purchase the Escrowed Shares as soon as practicable over the five business days on and after the Effectiveness Date. The Escrow Agent hereby agrees to accept the Escrowed Shares and hold the same in escrow pursuant to the terms of this Agreement.