Common use of Shares Held in Escrow Clause in Contracts

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest in the manner set forth in Paragraphs 3, 4 or 5, the Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock to place a legend on the certificates representing the Shares or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Varian Inc), Restricted Stock Agreement (Varian Inc), Restricted Stock Agreement (Varian Inc)

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Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest will have vested in the manner set forth in Paragraphs 3, 4 or paragraphs 3 through 5, the such Shares shall will be issued in the name of the Employee and held by the Secretary Shareholder Services Department of the Company (or its designee) as escrow agent (the “Escrow Agent”), and shall will not be sold, transferred or otherwise disposed of, and shall will not be pledged or otherwise hypothecated. The Company may determine to issue the Shares in book entry form and/or may instruct the transfer agent for its common stock Shares to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall will not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 3 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Tibco Software Inc), Restricted Stock Agreement (Tibco Software Inc)

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs 33 or 4, 4 or 5, the such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Varian Medical Systems Inc), Restricted Stock Agreement (Varian Medical Systems Inc)

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs 33 or 4, 4 or 5, the such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Varian Medical Systems Inc), Restricted Stock Agreement (Varian Medical Systems Inc)

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest will have vested in the manner set forth in Paragraphs 3, paragraphs 4 or 5, the such Shares shall will be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall will not be sold, transferred or otherwise disposed of, and shall will not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the PlanAgreement. The certificate or certificates representing the such Shares shall will not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Applied Materials Inc /De), Restricted Stock Agreement (Applied Materials Inc /De)

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs 33 or 4, 4 or 5, the such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note in its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Agreement (Varian Semiconductor Equipment Associates Inc)

Shares Held in Escrow. Unless and until the Shares restrictions on the --------------------- shares of Restricted Stock vest shall have lapsed in the manner set forth in Paragraphs 3paragraph 3 below, 4 or 5, the Shares such shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall not be sold, transferred or otherwise disposed of, of and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the Shares such shares shall not be delivered by the Escrow Agent to Employee only after the Employee unless and until the Shares restrictions on such shares have vested lapsed and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Gap Inc)

Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs 33 or 4, 4 or 5, the such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.. [OPTION 1:

Appears in 1 contract

Samples: Restricted Stock Agreement (Varian Medical Systems Inc)

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Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs paragraphs 3, 4 4, 5 or 56, the such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Agreement (Pmi Group Inc)

Shares Held in Escrow. Unless and until the Shares shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs paragraphs 3, 4 or 5, the Shares such shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall not be sold, transferred or otherwise disposed of, of and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the Shares such shares shall not be delivered by the Escrow Agent to the Employee unless and until only after the Shares shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Circle International Group Inc /De/)

Shares Held in Escrow. Unless and until the Shares shares of Restricted Stock vest shall have vested in the manner set forth in Paragraphs paragraphs 3, 4 or 5, the Shares such shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock Common Stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the Shares such shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares shares have vested and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Agreement (Transamerica Corp)

Shares Held in Escrow. Unless and until the Shares restrictions on the shares of Restricted Stock vest shall have lapsed in the manner set forth in Paragraphs 3paragraph 3 below, 4 or 5, the Shares such shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the "Escrow Agent"), and shall not be sold, transferred or otherwise disposed of, of and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its common stock to place a legend on the certificates representing the Shares Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing the Shares such shares shall not be delivered by the Escrow Agent to Employee only after the Employee unless and until the Shares restrictions on such shares have vested lapsed and all other terms and conditions in this Agreement have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Gap Inc)

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