US Patent 10022855 Tool retaining apparatus

A tool retaining apparatus including a base and a tool support secured to the base. The tool support has a pair of spaced arms for supporting a tool there between. A securement member is disposed on the base between the two arms. The support member has a distal end. The distal end and the pair of spaced arms forming a tool holding space there between adapted to receive at least a portion of a tool. The distal end is movable between a first position wherein a path to the tool holding space is closed to prevent removal of the tool therefrom and a second position wherein the path is open to permit removal of the tool from the tool holding space.