Common use of DELIVERY OF ESCROW STOCK TO EXECUTIVE Clause in Contracts

DELIVERY OF ESCROW STOCK TO EXECUTIVE. Provided that Executive has not voluntarily terminated his employment or employment has not been terminated "for cause" (as defined in paragraph 9D of the Employment Agreement) prior to the occurrence of the earliest event specified in paragraphs 4(b)(i)(a) through (f) of the Employment Agreement, upon the occurrence of the earliest event specified in the paragraph 4(b)(i)(a) through (f), of the Employment Agreement the Escrow Agent shall promptly deliver to Executive, both the certificate or certificates held by him in Executive's name and the executed stock power agreement.

Appears in 4 contracts

Samples: Stock Option Agreement (Megamedia Networks Inc), Stock Option Agreement (Megamedia Networks Inc), Employment Agreement (Megamedia Networks Inc)

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