Severability Clause Example from Business Contracts

This example Severability clause appears in 3 contracts from 3 companies

Severability. (a) If all or any part of the Plan or any Award Agreement is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of the Plan or such Award Agreement not declared to be unlawful or invalid. Any Section of the Plan or any Award Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a ...Section to the fullest extent possible while remaining lawful and valid. View More Arrow