Retention Escrow Agent definition

Retention Escrow Agent means the escrow agent under the Retention Escrow Agreement, which escrow agent shall be designated by Parent and the Company prior to Closing, or any alternative or successor agent.
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Retention Escrow Agent means the escrow agent pursuant to the Retention Escrow Agreement;
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Retention Escrow Agent means Bank of America, National Association, or any successor thereto.
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Examples of Retention Escrow Agent in a sentence

  • On the Closing Date, Transferee agrees to deliver an amount equal to the estimated maximum amount of retention payments which would be due to employees under the Retention Plan, which amount shall be no more than $2,056,739 (the "Retention Fund") to the Retention Escrow Agent to be held in an interest bearing escrow account (the "Retention Escrow Account").

  • At the Closing, Purchaser shall transfer the Retention Escrow Amount in immediately available funds to the Retention Escrow Agent.

  • Purchaser agrees to pay the fees payable to the Retention Escrow Agent for establishing the Retention Escrow Fund.

  • The fractional share determination shall be made individually for each Stockholder after giving effect to the delivery of the Indemnity Escrow Shares (as defined below), to the Depositary Agent, and the Retention Escrow Shares (as defined below), to the Retention Escrow Agent, it being recognized that, as provided in Section 2.10, only whole shares may be delivered to the Depositary Agent and Retention Escrow Agent.

  • The Transferee shall, in accordance with the terms of the Retention Plan, cause the Retention Escrow Agent to make the payments to eligible employees on the Retention Plan Payment Date out of the Retention Fund pursuant to the terms of an escrow agreement, substantially in the form as set forth in Exhibit "F" attached hereto and made a part hereof (the "Retention Escrow Agreement").

  • Contemporaneously with any distributions from the Bonus Retention Escrow Amount, the Shareholder Representative shall direct the Bonus Retention Escrow Agent to distribute to the Surviving Corporation an amount necessary for the Surviving Corporation to pay all required payroll or other withholding taxes relating to such distribution from the Bonus Retention Escrow Agreement.

  • The Bonus Retention Escrow Agent shall be instructed to distribute the Bonus Retention Escrow Amount, plus any interest or other income earned thereon, if any, on or before the Bonus Retention Escrow Termination Date by the Shareholder Representative in accordance with the terms of the Retention Agreements.

  • The Retention Escrow Shares shall be deposited with the Retention Escrow Agent and disbursed in accordance with the Retention Escrow Agreement.


More Definitions of Retention Escrow Agent

Retention Escrow Agent means Union Bank of California, N.A.
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Related to Retention Escrow Agent

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Escrow Agent means the escrow agent under the Escrow Agreement.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Deposit has the meaning set forth in Section 2.1.