Common use of Escrow of Restricted Shares Clause in Contracts

Escrow of Restricted Shares. (a) To ensure the availability for delivery of Unvested Restricted Shares upon forfeiture and repurchase in accordance with Section 2, Grantee shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company (the "Escrow Holder") the share certificate(s) representing the Unvested Restricted Shares, together with corresponding stock assignment(s), in the form attached hereto as Exhibit B, duly endorsed in blank. The Unvested Restricted Shares and stock assignment(s) shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Grantee attached hereto as Exhibit C, until the Forfeiture Restrictions terminate or lapse regarding those Unvested Restricted Shares or until those Unvested Restricted Shares are forfeited and repurchased in accordance with Section 2.

Escrow of Restricted Shares. (a) To ensure the availability for delivery of Unvested Restricted Shares upon forfeiture and repurchase in accordance with Section 22 or Section 3, Grantee shall, upon execution of this Agreement, deliver and deposit with an escrow holder designated by the Company (the "“Escrow Holder"”) the share certificate(s) representing the Unvested Restricted Shares, together with corresponding stock assignment(s), in the form attached hereto as Exhibit BA, duly endorsed in blank. The Unvested Restricted Shares and stock assignment(s) shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Grantee attached hereto as Exhibit CB, until either (i) those Unvested Restricted Shares are forfeited in accordance with Section 2 or Section 3 or (ii) the Forfeiture Restrictions terminate or lapse regarding those Unvested Restricted Shares or until those Unvested Shares, which thereby become Vested Restricted Shares are forfeited and repurchased in accordance with Section 2Shares.