Severability Clause Example from Business Contracts

Severability. If any provision of this Agreement shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 10 19. Right of Offset. Notwithstanding any other provision of the Plan or the Agreement, the Corporation may reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amo...unt of any obligation of the Participant to or on behalf of the Corporation that is or becomes due and payable, and, by entering into this Agreement, the Participant shall be deemed to have consented to such reduction. View More