Severability Clause Example from Business Contracts

This example Severability clause appears in 4 contracts from 3 companies

Severability. If any provision of the Plan is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any person or entity, or would disqualify the Plan under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan, such provision shall be construed or deemed str...icken as to such jurisdiction, person, or entity, and the remainder of the Plan shall remain in full force and effect. View More