Louisiana Escrow Agreement between The TriZetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Co.

• Category: Corporations - Public - Escrow
• State: Multi-State
• Control #: US-EG-9153
• Format: Word; Rich Text

Description

Escrow Agreement between The Trizetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Company of California dated December 22, 1999. 27 pages A Louisiana Escrow Agreement refers to a legally binding document that outlines the terms and conditions of a financial arrangement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement ensures that funds or assets, often held in escrow, are securely managed and distributed according to the agreed-upon terms. In this specific Louisiana Escrow Agreement, The Trident Group, Inc. acts as the party depositing funds or assets into the escrow account. The Finger Security holders are the beneficiaries of the funds or assets, while Stuart Schloss assumes the role of an intermediary or escrow agent responsible for overseeing the escrow arrangement. Bankers Trust Co. serves as the financial institution responsible for holding and managing the escrow account. The purpose of this Louisiana Escrow Agreement can vary, but it is commonly utilized in mergers and acquisitions, real estate transactions, or any situation where a neutral party is required to hold and distribute funds or assets until specific conditions are met. Some different types of Louisiana Escrow Agreements that may exist between these parties include: 1. Acquisition Escrow Agreement: This agreement may be created when The Trident Group, Inc. is acquiring another company. The funds or assets held in escrow can serve as a safeguard to protect the Finger Security holders' interests until certain contingencies, such as regulatory approvals or contract obligations, are fulfilled. 2. Real Estate Escrow Agreement: If The Trident Group, Inc. is involved in a real estate transaction, an escrow account may be established to hold funds, such as earnest money deposits or down payments, until closing conditions, like property inspections or title searches, are satisfied. 3. Litigation Escrow Agreement: In the event of a legal dispute involving The Trident Group, Inc., funds or assets may be placed in escrow until the resolution of the case. This arrangement ensures impartiality and provides a secure mechanism for distribution. 4. Employment Escrow Agreement: When Stuart Schloss or any other employee or executive enters into an employment contract or agreement with The Trident Group, Inc., an escrow account may be established to hold certain compensation or benefits until specific milestones or performance targets are achieved. It is important to note that the terms and conditions of each Louisiana Escrow Agreement can vary based on the specific nature of the transaction or arrangement. The parties involved, including The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., should consult legal professionals to ensure that the agreement accurately reflects their intentions and protects their respective interests.

A Louisiana Escrow Agreement refers to a legally binding document that outlines the terms and conditions of a financial arrangement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement ensures that funds or assets, often held in escrow, are securely managed and distributed according to the agreed-upon terms. In this specific Louisiana Escrow Agreement, The Trident Group, Inc. acts as the party depositing funds or assets into the escrow account. The Finger Security holders are the beneficiaries of the funds or assets, while Stuart Schloss assumes the role of an intermediary or escrow agent responsible for overseeing the escrow arrangement. Bankers Trust Co. serves as the financial institution responsible for holding and managing the escrow account. The purpose of this Louisiana Escrow Agreement can vary, but it is commonly utilized in mergers and acquisitions, real estate transactions, or any situation where a neutral party is required to hold and distribute funds or assets until specific conditions are met. Some different types of Louisiana Escrow Agreements that may exist between these parties include: 1. Acquisition Escrow Agreement: This agreement may be created when The Trident Group, Inc. is acquiring another company. The funds or assets held in escrow can serve as a safeguard to protect the Finger Security holders' interests until certain contingencies, such as regulatory approvals or contract obligations, are fulfilled. 2. Real Estate Escrow Agreement: If The Trident Group, Inc. is involved in a real estate transaction, an escrow account may be established to hold funds, such as earnest money deposits or down payments, until closing conditions, like property inspections or title searches, are satisfied. 3. Litigation Escrow Agreement: In the event of a legal dispute involving The Trident Group, Inc., funds or assets may be placed in escrow until the resolution of the case. This arrangement ensures impartiality and provides a secure mechanism for distribution. 4. Employment Escrow Agreement: When Stuart Schloss or any other employee or executive enters into an employment contract or agreement with The Trident Group, Inc., an escrow account may be established to hold certain compensation or benefits until specific milestones or performance targets are achieved. It is important to note that the terms and conditions of each Louisiana Escrow Agreement can vary based on the specific nature of the transaction or arrangement. The parties involved, including The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., should consult legal professionals to ensure that the agreement accurately reflects their intentions and protects their respective interests.