Common use of Effect of Void Provision Clause in Contracts

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 (Park Hotels & Resorts Inc.), Separation Agreement (Arbutus Biopharma Corp)

AutoNDA by SimpleDocs

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 (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 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 (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 (Fibrocell Science, Inc.)

AutoNDA by SimpleDocs

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 (Ambac Financial Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!