Deposit Shares definition
Examples of Deposit Shares in a sentence
The Deposit Shares shall be held by the Escrow Agent in accordance with the terms of this Agreement from the date of deposit until the Deposit Shares have been disposed of by Escrow Agent in accordance with this Agreement.
If the number of the Forfeited Shares is less than the number of the Deposit Shares then held in escrow hereunder, then the Company shall cause a new certificate to be issued for the remaining number of Deposit Shares represented by the certificate delivered to the Company and returned to the Escrow Agent to be held pursuant to the terms of this Escrow Agreement.
Within two (2) Business Days after the date of execution of this Agreement, Buyer shall deliver to the Escrow Agent the certificate representing the Deposit Shares issued in the name of Seller.
The shares so deposited with the Escrow Agent and such stock powers are referred to herein collectively as the “Deposit Shares.” The Deposit Shares shall be registered in the name of Employee.
This Escrow Agreement shall be terminated only upon the delivery of all the Deposit Shares either to Employee as Vested Shares or to the Company as Forfeited Shares, as the case may be, in accordance with the provisions hereof.