Severability Clause Example with 4 Variations from Business Contracts
This page contains Severability clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Severability. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided Executive does not exercise Executive's right of revocation as described above (the "Effective Date"). If Executive revokes Executive's signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits hereunder. Delivered to Executive for Executive's consideration on the 6th day of May, 2022. Comerica Incorpor...ated By: /s/ Curt C. Farmer Title: Chairman, President and CEO Date: 5-12-22 I, JOHN D. BUCHANAN, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY, AND BEEN ADVISED, TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS Restrictive Covenants and General Release Agreement 19 of 20 AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON MAY 12, 2022. /s/ John D. Buchanan John D. BuchananRestrictive Covenants and General Release Agreement 20 of 20 EX-10.1 2 a517228-kexhibit101.htm EX-10.1 DocumentRESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTTHIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the "Agreement") is entered into on May 12, 2022 between John D. Buchanan (hereafter "Executive") and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as "Comerica"). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive's employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.Accordingly, Executive and Comerica hereby agree as follows:1.Separation from Employment. Executive and Comerica agree that Executive's employment with Comerica shall terminate effective June 6, 2022 (the "Separation Date").View More
Variations of a "Severability" Clause from Business Contracts
Severability. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided Executive does not exercise Executive's right of revocation as described above (the "Effective Date"). If Executive revokes Executive's signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits hereunder. Delivered to Executive for Executive's consideration on the 6th this 2nd day of May, 2022. January,... 2019. Comerica Incorporated By: /s/ Curt C. Farmer Title: Chairman, President and CEO By:/s/ John D. Buchanan Name:John D. Buchanan Title:Executive Vice President, Chief Legal Officer Date: 5-12-22 January 8, 2019 I, JOHN D. BUCHANAN, MICHAEL H. MICHALAK, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY, AND BEEN ADVISED, TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS Restrictive Covenants and General Release Agreement 19 of 20 AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON MAY 12, 2022. JANUARY 8, 2019. /s/ John D. Buchanan John D. BuchananRestrictive Michael H. Michalak Michael H. Michalak Restrictive Covenants and General Release Agreement 20 21 of 20 21 EX-10.1 2 a517228-kexhibit101.htm EX-10.1 DocumentRESTRICTIVE ex10_1michalak.htm EXHIBIT 10.1 Exhibit RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTTHIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the "Agreement") is entered into on May 12, 2022 January 8, 2019 between John D. Buchanan Michael H. Michalak (hereafter "Executive") and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as "Comerica"). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive's employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.Accordingly, Executive and Comerica hereby agree as follows:1.Separation from Employment. Executive and Comerica agree that Executive's employment with Comerica shall terminate effective June 6, 2022 January 31, 2019 (the "Separation Date"). View More
Severability. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided Executive does not exercise Executive's right of revocation as described above (the "Effective Date"). If Executive revokes Executive's signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits hereunder. Delivered to Executive for Executive's consideration on the 6th day of May, 2022. Comerica Incorpor...ated By: /s/ Curt C. Farmer Title: Chairman, President John D. Buchanan Name:John D. Buchanan Title:Executive Vice President, Governance, Regulatory Relations & Legal Affairs Date:July 21, 2016 Restrictive Covenants and CEO Date: 5-12-22 General Release Agreement 21 of 22 I, JOHN D. BUCHANAN, JON W. BILSTROM, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY, AND BEEN ADVISED, TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS Restrictive Covenants and General Release Agreement 19 of 20 AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON MAY 12, 2022. July 21, 2016. /s/ John D. Buchanan John D. BuchananRestrictive Jon W. Bilstrom Jon W. Bilstrom Restrictive Covenants and General Release Agreement 20 22 of 20 22 EX-10.1 2 a517228-kexhibit101.htm EX-10.1 DocumentRESTRICTIVE bilstromjonexecuted2016.htm EXHIBIT 10.1 BILSTROM RESTRICTED COVENANTS AND GENERAL RELEASE AGREEMENT Exhibit RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTTHIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the "Agreement") is entered into on May 12, 2022 July 21, 2016 between John D. Buchanan Jon W. Bilstrom (hereafter "Executive") and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as "Comerica"). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive's employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.Accordingly, Executive and Comerica hereby agree as follows:1.Separation from Employment. Executive and Comerica agree that Executive's employment with Comerica shall terminate effective June 6, 2022 July 31, 2016 (the "Separation Date"). View More
Severability. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided Executive does not exercise Executive's right of revocation as described above (the "Effective Date"). If Executive revokes Executive's signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits hereunder. Delivered to Executive for Executive's consideration on the 6th this 5th day of May, 2022. December..., 2016. Comerica Incorporated By: /s/ Curt C. Farmer Title: Chairman, President John D. Buchanan Name:John D. Buchanan Title:Executive Vice President, Governance, Regulatory Relations & Legal AffairsDate:December 21, 2016 Restrictive Covenants and CEO Date: 5-12-22 General Release Agreement 21 of 22 I, JOHN D. BUCHANAN, PAT FAUBION, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY, AND BEEN ADVISED, TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS Restrictive Covenants and General Release Agreement 19 of 20 AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON MAY 12, 2022. December 11, 2016. /s/ John D. Buchanan John D. BuchananRestrictive Pat Faubion Pat Faubion Restrictive Covenants and General Release Agreement 20 22 of 20 EX-10.1 2 a517228-kexhibit101.htm EX-10.1 DocumentRESTRICTIVE 22 EX-10.19C 7 cma-201610k_ex1019c.htm FAUBION RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT Exhibit RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTTHIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the "Agreement") is entered into on May 12, 2022 December 11, 2016 between John D. Buchanan Pat Faubion (hereafter "Executive") and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as "Comerica"). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive's employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.Accordingly, Executive and Comerica hereby agree as follows:1.Separation from Employment. Executive and Comerica agree that Executive's employment with Comerica shall terminate effective June 6, 2022 January 3, 2017 (the "Separation Date"). View More
Severability. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided Executive does not exercise Executive's right of revocation as described above (the "Effective Date"). If Executive revokes Executive's signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits hereunder. Delivered to Executive for Executive's consideration on the 6th 11th day of May, 2022. September, 2...019. Comerica Incorporated By: /s/ Curt C. Farmer Title: Chairman, President Name:Curt C. Farmer Title:President and CEO Date: 5-12-22 Chief Executive Officer Date:September 30, 2019 I, JOHN D. BUCHANAN, MUNEERA S. CARR, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY, AND BEEN ADVISED, TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS Restrictive Covenants and General Release Agreement 19 of 20 AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON MAY 12, 2022. September 30, 2019. /s/ John D. Buchanan John D. BuchananRestrictive Muneera S. Carr Executive Restrictive Covenants and General Release Agreement 20 of 20 EX-10.1 2 a517228-kexhibit101.htm EX-10.1 DocumentRESTRICTIVE ex101carragreement.htm EXHIBIT 10.1 Exhibit RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTTHIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the "Agreement") is entered into on May 12, 2022 September 30, 2019 between John D. Buchanan Muneera S. Carr (hereafter "Executive") and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as "Comerica"). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive's employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.Accordingly, Executive and Comerica hereby agree as follows:1.Separation from Employment. Executive and Comerica agree that Executive's employment with Comerica shall terminate effective June 6, 2022 October 10, 2019 (the "Separation Date"). View More
