Vermont 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 Vermont Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding document that outlines the terms and conditions of a specific escrow arrangement in the state of Vermont. This agreement is significant in safeguarding the financial interests of the involved parties and ensuring proper execution of transactions. Keywords: Vermont, Escrow Agreement, Trident Group, Finger Security holders, Stuart Schloss, Bankers Trust Co. The primary purpose of this Escrow Agreement is to establish a secure mechanism for the release and distribution of funds held in escrow. Trident Group, Inc., a prominent technology company, acts as the depositor, entrusting Bankers Trust Co. as the escrow agent to hold and manage the funds. The Finger Security holders and Stuart Schloss are considered the beneficiaries or security holders in this agreement. The Vermont Escrow Agreement document delineates the various responsibilities, obligations, and rights of all parties involved. It defines the specific conditions under which funds will be released, such as completion of agreed-upon milestones, meeting contractual requirements, or fulfillment of specific obligations. Furthermore, this agreement also outlines the duration of the escrow period, addressing any possible contingencies or conditions that may arise during that time. The agreement may designate different types of escrow, such as release on percentage completion, milestone achievement, or specific events. In a situation where there are multiple types of Vermont Escrow Agreement involving the same parties, they could be categorized based on the purpose or nature of the escrow. Each agreement may serve a unique function, such as: 1. Mergers and Acquisitions Escrow Agreement: This type of escrow is commonly associated with mergers and acquisitions, where Trident Group, Inc. may be acquiring Finger or entering into a similar business arrangement. It provides a safeguard for any potential liabilities, indemnities, or financial obligations that may arise from such transactions. 2. Litigation Escrow Agreement: In the event of a legal dispute involving Trident Group, Inc., Finger Security holders, Stuart Schloss, or Bankers Trust Co., an escrow agreement may be established to secure funds that will be used to settle any potential judgments or damages resulting from the litigation. 3. Employment Escrow Agreement: This type of agreement may be created to secure funds that will be disbursed to Stuart Schloss or other key employees of Trident Group, Inc. upon the fulfillment of specific employment-related conditions, such as meeting performance targets or completing a certain period of service. In conclusion, the Vermont Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. plays a crucial role in protecting the financial interests of all parties involved. It ensures that funds are securely held and released based on the defined conditions and requirements outlined in the agreement. Various types of escrow agreements may exist between these entities, depending on the specific circumstances and purposes they serve.

The Vermont Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding document that outlines the terms and conditions of a specific escrow arrangement in the state of Vermont. This agreement is significant in safeguarding the financial interests of the involved parties and ensuring proper execution of transactions. Keywords: Vermont, Escrow Agreement, Trident Group, Finger Security holders, Stuart Schloss, Bankers Trust Co. The primary purpose of this Escrow Agreement is to establish a secure mechanism for the release and distribution of funds held in escrow. Trident Group, Inc., a prominent technology company, acts as the depositor, entrusting Bankers Trust Co. as the escrow agent to hold and manage the funds. The Finger Security holders and Stuart Schloss are considered the beneficiaries or security holders in this agreement. The Vermont Escrow Agreement document delineates the various responsibilities, obligations, and rights of all parties involved. It defines the specific conditions under which funds will be released, such as completion of agreed-upon milestones, meeting contractual requirements, or fulfillment of specific obligations. Furthermore, this agreement also outlines the duration of the escrow period, addressing any possible contingencies or conditions that may arise during that time. The agreement may designate different types of escrow, such as release on percentage completion, milestone achievement, or specific events. In a situation where there are multiple types of Vermont Escrow Agreement involving the same parties, they could be categorized based on the purpose or nature of the escrow. Each agreement may serve a unique function, such as: 1. Mergers and Acquisitions Escrow Agreement: This type of escrow is commonly associated with mergers and acquisitions, where Trident Group, Inc. may be acquiring Finger or entering into a similar business arrangement. It provides a safeguard for any potential liabilities, indemnities, or financial obligations that may arise from such transactions. 2. Litigation Escrow Agreement: In the event of a legal dispute involving Trident Group, Inc., Finger Security holders, Stuart Schloss, or Bankers Trust Co., an escrow agreement may be established to secure funds that will be used to settle any potential judgments or damages resulting from the litigation. 3. Employment Escrow Agreement: This type of agreement may be created to secure funds that will be disbursed to Stuart Schloss or other key employees of Trident Group, Inc. upon the fulfillment of specific employment-related conditions, such as meeting performance targets or completing a certain period of service. In conclusion, the Vermont Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. plays a crucial role in protecting the financial interests of all parties involved. It ensures that funds are securely held and released based on the defined conditions and requirements outlined in the agreement. Various types of escrow agreements may exist between these entities, depending on the specific circumstances and purposes they serve.