Common use of Voting of Escrow Shares Clause in Contracts

Voting of Escrow Shares. So long as no Event of Default has occurred all rights to vote the Escrow Shares while they are part of the Escrow Fund shall be retained by RCM. The Acquiree Shareholder shall have no right to transfer or assign her interest in the Escrow Shares in the Escrow Fund during such period of time as such Shares remain a part of the Escrow Fund unless RCM shall first have consented thereto in writing and provided that any such transferee shall deliver to the Escrow Agent a duly signed stock power covering such Escrow Shares and the Escrow Agent shall hold such transferee's shares and stock powers in escrow subject to this Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (RCM Technologies Inc), Escrow Agreement (RCM Technologies Inc)

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Voting of Escrow Shares. So long as no Event of Default has occurred all All rights to vote the Escrow Shares while they are part of the Escrow Fund shall be retained by RCMthe Acquiree Shareholders. The Neither the Representative nor the Acquiree Shareholder Shareholders shall have no any right to transfer or assign her interest their interests in the Escrow Shares in the Escrow Fund during such period of time as such Shares remain a part of the Escrow Fund unless RCM shall first have consented thereto in writing and provided that any such transferee shall deliver to the Escrow Agent a duly signed stock power covering such Escrow RCM Shares and the Escrow Agent shall hold such transferee's shares and stock powers in escrow subject to this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (RCM Technologies Inc)

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Voting of Escrow Shares. So long as no Event of Default has occurred all All rights to vote the Escrow Shares while they are part of the Escrow Fund shall be retained by RCMthe Acquiree Shareholders. The Acquiree Shareholder Shareholders shall have no right to transfer or assign her their interest in the Escrow Shares in the Escrow Fund during such period of time as such Escrow Shares remain a part of the Escrow Fund unless RCM shall first have consented thereto in writing and provided that any such transferee shall deliver to the Escrow Agent a duly signed stock power covering such Escrow Shares and the Escrow Agent shall hold such transferee's shares and stock powers in escrow subject to this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (RCM Technologies Inc)

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