Effect of Void Provision. If a Party successfully asserts that any provision in this Agreement is void or invalid, the rest of the Agreement shall remain valid and enforceable unless the other Party elects to cancel it. If this Agreement is cancelled pursuant to the preceding sentence, then Executive shall forfeit and/or repay any additional amounts which Executive received in exchange for signing it.
Appears in 2 contracts
Samples: Separation Agreement and Release (Park Hotels & Resorts Inc.), Separation Agreement and Release (Arbutus Biopharma Corp)
Effect of Void Provision. If a Party successfully asserts that any provision in this Agreement is void or invalid, the rest of the Agreement shall remain valid and enforceable unless the other Party elects to cancel it. If this Agreement is cancelled pursuant to the preceding sentence, then Executive shall Employee will forfeit and/or repay any additional amounts which Executive Employee received in exchange for signing it.
Appears in 1 contract
Samples: Separation Agreement and General Release (Ambac Financial Group Inc)
Effect of Void Provision. If a Party successfully asserts that any provision in this Agreement is void or invalid, the rest of the Agreement shall remain valid and enforceable unless the other Party elects to cancel it. If this Agreement is cancelled by the Company or Executive successfully asserts that Sections 4, 5, 6, 7, 8, 9, 14, 15, 19 and 20 are void or invalid pursuant to the preceding sentence, then Executive shall will forfeit and/or repay any additional amounts which Executive received in exchange for signing it.
Appears in 1 contract
Samples: Separation Agreement and General Release (Fibrocell Science, Inc.)
Effect of Void Provision. If a Party successfully asserts that any provision in this Agreement is void or invalid, the rest of the Agreement shall remain valid and enforceable unless the other Party elects to cancel it. If this Agreement is cancelled by the Company or Employee successfully asserts that Sections 4, 5, 6, 7, 8, 10, 15, 16, 20 and 21 are void or invalid pursuant to the preceding sentence, then Executive shall Employee will forfeit and/or repay any additional amounts which Executive Employee received in exchange for signing it.
Appears in 1 contract
Samples: Separation Agreement and General Release (Fibrocell Science, Inc.)
Effect of Void Provision. If a Party successfully asserts that any provision in this Agreement is void or invalid, the rest of the Agreement shall remain valid and enforceable unless the other Party elects to cancel it. If this Agreement is cancelled pursuant to the preceding sentence, then Executive shall will forfeit and/or repay any additional amounts which Executive received in exchange for signing it.
Appears in 1 contract
Samples: Separation Agreement and General Release (Fibrocell Science, Inc.)
