Escrow: From an Owner Operator: Is this BS

it is agreed that an escrow fund is set up at the time of the execution of the Agreement. to withhold the following:

$250 from the first statement followed by

$250 per week to the maximum of $2500

If for any reason, XXXXXX does not withhold dollars in a given week,

authorizes xxxxxxxxx to withhold (in subsequent weeks) any additional funds necessary to

make up for such deficiency. If Kxxxxxxxxy does not keep his Equipment operating for the

full term of the Agreement, the minimum fee paid to any regulating agency to certify such

equipment, or drivers, may be deducted from sums held in escrow. All escrow funds may be held

after the period of 45 days after termination of this Agreement, to insure payment of Kxxxxxxxxxxy
obligations, including cargo claims and liability claims advances, equipment rental costs, fuel

card advances or any other costs which are the sole responsibility of the xxxxxxxxxxn. Should

any claim not be resolved at the end of said 45 days, the xxxxxxxxxxx may retain the escrow

funds until claim is closed and Fuel Tax Return has been filed. If xxxxxxxx retains any

escrow funds beyond 45 days, the -x-x-xx-x-x-x- shall release any remaining funds after the fuel

tax return has been filed within thirty (30) days of the closing of the remaining claims. The xxxxxxx shall provide xxxxxxxx with an accounting of any transaction involving the

escrow account upon request of the xxxxxxxxxx.

 

I am an employee, and he said he was leasing the truck.

 

Thank you ZVar.