Severability Clause Example from Business Contracts

Severability. If any provision of the Plan or this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to the Participant or the Option, or would disqualify the Plan or the Option 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 or the... Agreement such provision shall be construed or deemed stricken as to such jurisdiction, the Participant or the Option and the remainder of the Plan and this Agreement shall remain in full force and effect. View More