West Virginia 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 West Virginia Escrow Agreement is a legally binding contract that outlines the terms and conditions for holding funds or assets in escrow on behalf of parties involved in a business transaction. In this case, the parties involved are The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. Keywords: West Virginia Escrow Agreement, Trident Group, Inc., Finger Security holders, Stuart Schloss, Bankers Trust Co. The West Virginia Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. aims to provide a framework for the secure holding of funds or assets during a specified period or until certain conditions are met. This type of agreement ensures transparency, protection, and adherence to predetermined terms, minimizing risks for all parties involved. Within this specific context, there can be various types of West Virginia Escrow Agreements, each serving unique purposes or addressing specific conditions. Some potential variations include: 1. Stock Purchase Escrow Agreement: This agreement type comes into play when The Trident Group, Inc. intends to acquire stocks or shares from Finger Security holders. The funds for this transaction would be held in escrow until all obligations and conditions related to the stock purchase are fulfilled. 2. Restricted Cash Escrow Agreement: In situations where The Trident Group, Inc. needs to secure a specific amount of cash as collateral, a Restricted Cash Escrow Agreement can be established. Bankers Trust Co. would hold the funds in escrow until the predetermined conditions are met, ensuring the necessary protection for all parties involved. 3. Earn-Out Escrow Agreement: This agreement is often utilized when The Trident Group, Inc. acquires a business from Finger Security holders, with the acquisition price based on future earnings or performance. The funds are held in escrow, and the release is contingent upon reaching or exceeding specific financial targets or milestones. 4. Litigation Escrow Agreement: When legal disputes arise between parties, such as The Trident Group, Inc. and Finger Security holders, a Litigation Escrow Agreement can be established to hold funds related to potential legal settlements or court-ordered payments. Stuart Schloss may act as the mediator overseeing the escrow account held by Bankers Trust Co. It is crucial to note that the variations mentioned above are hypothetical and dependent on the specific circumstances and terms outlined in the West Virginia Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. Each escrow agreement is tailored to the needs and requirements of the parties involved, ensuring a fair and secure transaction process.

A West Virginia Escrow Agreement is a legally binding contract that outlines the terms and conditions for holding funds or assets in escrow on behalf of parties involved in a business transaction. In this case, the parties involved are The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. Keywords: West Virginia Escrow Agreement, Trident Group, Inc., Finger Security holders, Stuart Schloss, Bankers Trust Co. The West Virginia Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. aims to provide a framework for the secure holding of funds or assets during a specified period or until certain conditions are met. This type of agreement ensures transparency, protection, and adherence to predetermined terms, minimizing risks for all parties involved. Within this specific context, there can be various types of West Virginia Escrow Agreements, each serving unique purposes or addressing specific conditions. Some potential variations include: 1. Stock Purchase Escrow Agreement: This agreement type comes into play when The Trident Group, Inc. intends to acquire stocks or shares from Finger Security holders. The funds for this transaction would be held in escrow until all obligations and conditions related to the stock purchase are fulfilled. 2. Restricted Cash Escrow Agreement: In situations where The Trident Group, Inc. needs to secure a specific amount of cash as collateral, a Restricted Cash Escrow Agreement can be established. Bankers Trust Co. would hold the funds in escrow until the predetermined conditions are met, ensuring the necessary protection for all parties involved. 3. Earn-Out Escrow Agreement: This agreement is often utilized when The Trident Group, Inc. acquires a business from Finger Security holders, with the acquisition price based on future earnings or performance. The funds are held in escrow, and the release is contingent upon reaching or exceeding specific financial targets or milestones. 4. Litigation Escrow Agreement: When legal disputes arise between parties, such as The Trident Group, Inc. and Finger Security holders, a Litigation Escrow Agreement can be established to hold funds related to potential legal settlements or court-ordered payments. Stuart Schloss may act as the mediator overseeing the escrow account held by Bankers Trust Co. It is crucial to note that the variations mentioned above are hypothetical and dependent on the specific circumstances and terms outlined in the West Virginia Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. Each escrow agreement is tailored to the needs and requirements of the parties involved, ensuring a fair and secure transaction process.