Escrow Stock definition

Escrow Stock has the meaning set forth in Section 1.2.

Escrow Stock has the meaning set forth in Section 3.1(b).

Escrow Stock means 1,568,693 shares of Buyer Common Stock.

Examples of Escrow Stock in a sentence

• In the event of Executive's death, Executive's estate or his designated beneficiary shall be paid by the Company all of the compensation and benefits due to Executive through the date of his death, including without limitation, the Escrow Stock and stock option benefits to which Executive was entitled as of the date of his death.

• If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Stock with any court it reasonably deems appropriate.

• Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Stock held hereunder.

• Purchaser and each of the Stockholders agree, for the benefit of Purchaser and the Escrow Agent, that any cash, securities or other property distributable (whether by way of dividend, stock split or otherwise) in respect of or in exchange for any Escrow Stock shall not be distributed to the record owners of the same, but rather shall be distributed by Purchaser to and held by the Escrow Agent in the Escrow Account.

• In the event that, at any time within 90 days of the Closing Date, Buyer sells HealthStream Stock pursuant to an Equity Financing for a price per share less than the Average Price, then Buyer shall issue to Seller, without further consideration, stock certificates representing that number of shares of HealthStream Stock (rounded to the nearest whole number) equal to (a) $1,500,000 divided by the Equity Financing Price, minus (b) the sum of the Closing Stock and the Escrow Stock.

More Definitions of Escrow Stock

Escrow Stock means the Stock pledged and deposited with the Escrow Agent persuant to the Indemnity Escrow and Stock Pledge Agreement;

Escrow Stock see Section 2.2.

Escrow Stock is defined in Section 2.06(a)(ii) of this Merger Agreement.

Escrow Stock is defined in Section 6.2.

Escrow Stock has the meaning specified in Section 11.1.

Escrow Stock means that part of the Consideration Stock to be retained by the Purchaser at Completion in accordance with Schedule 15;

Escrow Stock means that number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (a) three million three hundred thousand dollars ($3,300,000), minus (b) the Escrow Cash, by (ii) the Acquiror Trading Price.