New Jersey 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 The New Jersey Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding contract that outlines the terms and conditions related to the escrow of certain assets and funds. This agreement acts as a safeguard and provides protection to all parties involved in a transaction. In this specific agreement, The Trident Group, Inc. acts as the depositor, while the Finger Security holders, Stuart Schloss, and Bankers Trust Co. are the escrow agents. The purpose of this agreement is to ensure the secure holding and distribution of assets, either monetary or non-monetary, until certain conditions specified in the contract are fulfilled. The New Jersey Escrow Agreement includes various important provisions that must be clearly understood by all parties involved. These provisions may differ depending on the type of escrow agreement being utilized: 1. General Escrow Agreement: This type of agreement is a standard escrow arrangement governed by New Jersey state laws. It covers the basic terms and conditions of the escrow, including the scope of assets held, responsibilities of the escrow agents, release conditions, and dispute resolution mechanisms. 2. Purchase and Sale Agreement Escrow: This type of escrow agreement is commonly used in business acquisitions or real estate transactions. It ensures the buyer's funds are securely held by the escrow agent until the transaction is completed, protecting both parties from any potential breaches or disputes. 3. Earnest Money Escrow: This type of escrow agreement is prevalent in real estate transactions. It involves a buyer depositing earnest money, indicating their seriousness and commitment to the purchase. The escrow agent holds the funds until closing or until the agreement is terminated as per the stipulated terms. 4. Employment Escrow: In scenarios where an executive or employee is entitled to specific benefits, such as stock options or bonuses, this type of escrow agreement is established. It ensures that the entitled benefits are held securely in escrow until specific conditions, like a certain period of employment or performance goals being met, are fulfilled. The New Jersey Escrow Agreement typically addresses essential components, including the responsibilities and liabilities of each party, the duration of the escrow, any interest or earnings on the BS crowed funds or assets, the process of release or disbursement, and the circumstances leading to the termination or modification of the agreement. This ensures clarity, transparency, and protection for all stakeholders involved in the escrow arrangement.

The New Jersey Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding contract that outlines the terms and conditions related to the escrow of certain assets and funds. This agreement acts as a safeguard and provides protection to all parties involved in a transaction. In this specific agreement, The Trident Group, Inc. acts as the depositor, while the Finger Security holders, Stuart Schloss, and Bankers Trust Co. are the escrow agents. The purpose of this agreement is to ensure the secure holding and distribution of assets, either monetary or non-monetary, until certain conditions specified in the contract are fulfilled. The New Jersey Escrow Agreement includes various important provisions that must be clearly understood by all parties involved. These provisions may differ depending on the type of escrow agreement being utilized: 1. General Escrow Agreement: This type of agreement is a standard escrow arrangement governed by New Jersey state laws. It covers the basic terms and conditions of the escrow, including the scope of assets held, responsibilities of the escrow agents, release conditions, and dispute resolution mechanisms. 2. Purchase and Sale Agreement Escrow: This type of escrow agreement is commonly used in business acquisitions or real estate transactions. It ensures the buyer's funds are securely held by the escrow agent until the transaction is completed, protecting both parties from any potential breaches or disputes. 3. Earnest Money Escrow: This type of escrow agreement is prevalent in real estate transactions. It involves a buyer depositing earnest money, indicating their seriousness and commitment to the purchase. The escrow agent holds the funds until closing or until the agreement is terminated as per the stipulated terms. 4. Employment Escrow: In scenarios where an executive or employee is entitled to specific benefits, such as stock options or bonuses, this type of escrow agreement is established. It ensures that the entitled benefits are held securely in escrow until specific conditions, like a certain period of employment or performance goals being met, are fulfilled. The New Jersey Escrow Agreement typically addresses essential components, including the responsibilities and liabilities of each party, the duration of the escrow, any interest or earnings on the BS crowed funds or assets, the process of release or disbursement, and the circumstances leading to the termination or modification of the agreement. This ensures clarity, transparency, and protection for all stakeholders involved in the escrow arrangement.