Existence of the Company. If the Company shall not be in existence on the Payment Date or if the Purchaser has not assumed the obligations of the Company to Executive under this Agreement, the amount of cash and/or securities that Executive is entitled to receive on the Payment Date shall be placed in escrow for the benefit of Executive.
Appears in 4 contracts
Samples: Severance Award Agreement (Pyramid Oil Co), Severance Award Agreement (Pyramid Oil Co), Severance Award Agreement (Pyramid Oil Co)
