Common use of Escrow Clause in Contracts

Escrow. The Secretary or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Owens Illinois Inc /De/), Restricted Stock Agreement (Owens Illinois Inc /De/), Restricted Stock Agreement (Manor Care Inc)

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Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall may retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, the Shares until all of the Restrictions expire restrictions on transfer imposed pursuant to this Agreement lapse or shall have been removed; provided, however, that in no such event the Participant shall the Employee not retain physical custody of any certificates representing Restricted Stock unvested Shares issued to him.

Appears in 6 contracts

Samples: Stock Option Agreement (Symmetricom Inc), Restricted Stock Award Agreement (FTD Group, Inc.), Restricted Stock Award Agreement (Goodman Global Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire lapse or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing unvested Restricted Stock issued to him.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Symbol Technologies Inc), Restricted Stock Agreement (Symbol Technologies Inc), Restricted Stock Agreement (Symbol Technologies Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall may retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, the Shares until all of the Restrictions expire restrictions on transfer imposed pursuant to this Agreement lapse or shall have been removed; provided, however, that in no . In such event the Participant shall the Employee not retain physical custody of any certificates representing Restricted Stock unvested Shares issued to himthe Participant.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Spectranetics Corp), Restricted Stock Award Agreement (Kilroy Realty Corp), Restricted Stock Award Agreement (Spectranetics Corp)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 4 contracts

Samples: Employment Agreement (First Washington Realty Trust Inc), Employment Agreement (First Washington Realty Trust Inc), Executive Employment Agreement (First Washington Realty Trust Inc)

Escrow. The Secretary or such other escrow holder as the Committee Board of Directors may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.53.6, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee Executive retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Varsitybooks Com Inc), Restricted Stock Agreement (Varsitybooks Com Inc), Restricted Stock Agreement (Varsitybooks Com Inc)

Escrow. The Secretary or such other escrow holder as the Committee Company may from time to time appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 3 contracts

Samples: Stock Grant and Restricted Stock Agreement (Avalonbay Communities Inc), Stock Grant and Restricted Stock Agreement (Avalonbay Communities Inc), Employee Stock Grant and Restricted Stock Agreement (Avalonbay Communities Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, the Shares until all of the Restrictions expire restrictions lapse or shall have been removed; provided, however, that removed and in no event shall the Employee you retain physical custody of any certificates representing Restricted Stock Shares issued to himyou which are subject to the Repurchase Option.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Amgen Inc), Restricted Stock Purchase Agreement (Amgen Inc)

Escrow. The Secretary of the Company or such other escrow holder ------ as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of the Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire shall lapse or shall have been removed; provided, however, that in no event shall the Employee Holder retain physical custody of any certificates representing Restricted Stock issued to himUnvested Shares.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Fresh Enterprises Inc), Employment Agreement (Fresh Enterprises Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall may retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued the Shares until all Restrictions imposed pursuant to Section 3.5, until all of the Restrictions expire this Agreement lapse or shall have been removed; provided, however, that in no . In such event the Participant shall the Employee not retain physical custody of any certificates representing Restricted Stock unvested Shares issued to himthe Participant.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Spectranetics Corp), Restricted Stock Award Agreement (Spectranetics Corp)

Escrow. The Secretary or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing the Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; providedPROVIDED, howeverHOWEVER, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (Petco Animal Supplies Inc)

Escrow. The Secretary Treasurer or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing the Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.54.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to himhim or her.

Appears in 1 contract

Samples: Restricted Stock Agreement (Beckman Instruments Inc)

Escrow. The Secretary of the Company or such other escrow ------ holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of the Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire shall lapse or shall have been removed; provided, however, that in no event shall the Employee Holder retain physical custody of any certificates representing Restricted Stock issued to himUnvested Shares.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Fresh Enterprises Inc)

Escrow. The Secretary or such other escrow holder as the Committee Board of Directors may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.53.6, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (Varsity Group Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, the Shares until all of the Restrictions expire restrictions lapse or shall have been removed; provided, however, that in no event shall the Employee you retain physical custody of any certificates representing Restricted Stock Shares issued to himyou which are subject to the Repurchase Option.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Amgen Inc)

Escrow. The Secretary or such other escrow holder as the Committee Board may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.53.6, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee Director retain physical custody of any certificates representing Restricted Stock issued to himhereunder.

Appears in 1 contract

Samples: Restricted Stock Agreement (Scpie Holdings Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee or the Board may appoint shall retain physical custody of the certificates representing the Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.53.5 of this Agreement, until all of the Restrictions with respect to those shares expire or shall have been removed; provided, however, that in no event shall the Employee Restricted Stockholder retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (Keystone Automotive Industries Inc)

Escrow. The Secretary of the Company or such other escrow ------ holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, the Shares until all of the Restrictions expire restrictions lapse or shall have been removed; provided, however, that in no event shall the Employee you retain physical custody of any certificates representing Restricted Stock Shares issued to himyou which are subject to the Repurchase Option.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Amgen Inc)

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Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire lapse or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing unvested Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (DealerTrack Holdings, Inc.)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire lapse or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing unvested Restricted Stock issued to himhim or her.

Appears in 1 contract

Samples: Restricted Stock Agreement (Mercury General Corp)

Escrow. The Secretary of the Company or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire lapse or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing unvested Restricted Stock issued to himhim or her.

Appears in 1 contract

Samples: Restricted Stock Agreement (Mercury General Corp)

Escrow. The Secretary or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing the Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (RSC Duval Inc)

Escrow. The Secretary or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.53.4, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (Owens Illinois Inc /De/)

Escrow. The Secretary or such other escrow holder as the Committee Board of Directors may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (United Defense Industries Inc)

Escrow. The Secretary or such other escrow holder as the Committee Board may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee Director retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (Manor Care Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee Board may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire lapse or shall have been removed; provided, however, that in no event shall the Employee Participant retain physical custody of any certificates representing unvested Restricted Stock issued assigned to himthe Participant. Additionally, the Participant shall, in connection with the award of the Restricted Shares, deliver to the Company a stock power, endorsed in blank, relating to the Restricted Shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Dex Media Inc)

Escrow. The Secretary of the Company or such other escrow holder as the Committee Administrator may appoint shall retain physical custody of the certificates representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee may retain physical custody of any certificates representing the shares of Restricted Stock until all of the Restrictions on transfer imposed pursuant to this Agreement lapse or shall have been removed. If an escrow holder is so appointed, the Holder shall not retain physical custody of any certificates representing shares of Restricted Stock issued to himthe Holder that are unvested and subject to Restrictions.

Appears in 1 contract

Samples: Performance Vesting Restricted Stock Agreement (Guidance Software, Inc.)

Escrow. The Secretary of the Company or such other escrow holder ------ as the Committee may appoint shall retain physical custody of the certificates each certificate representing Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions restrictions imposed under the Restricted Stock Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Employee retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cavanaughs Hospitality Corp)

Escrow. The Secretary or such other escrow holder as the Committee may appoint shall retain physical custody of the certificates representing the Restricted Stock, including shares of Restricted Stock issued pursuant to Section 3.5, until all of the Restrictions expire or shall have been removed; provided, however, that in no event shall the Employee Restricted Stockholder retain physical custody of any certificates representing Restricted Stock issued to him.

Appears in 1 contract

Samples: Restricted Stock Agreement (La Quinta Inns Inc)

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