Common use of Invalid or Unenforceable Provisions Clause in Contracts

Invalid or Unenforceable Provisions. The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect the validity and enforceability of the other provisions hereof. Participant agrees that the breach or alleged breach by the Corporation of (a) any covenant contained in another agreement (if any) between the Corporation and Participant or (b) any obligation owed to Participant by the Corporation, shall not affect the validity or enforceability of the covenants and agreements of Participant set forth herein.

Appears in 14 contracts

Samples: Stock Option Agreement (Webmethods Inc), Stock Option Agreement (Webmethods Inc), Stock Option Agreement (Webmethods Inc)

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Invalid or Unenforceable Provisions. The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect the validity and enforceability of the other provisions hereof. Participant Employee agrees that the breach or alleged breach by the Corporation of (a) any covenant contained in another agreement (if any) between the Corporation and Participant Employee or (b) any obligation owed to Participant Employee by the Corporation, shall not affect the validity or enforceability of the covenants and agreements of Participant Employee set forth herein.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Webmethods Inc), Restricted Stock Award Agreement (Webmethods Inc)

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Invalid or Unenforceable Provisions. The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect the validity and enforceability of the other provisions hereof. The Participant agrees that the breach or alleged breach by the Corporation Company of (ai) any covenant contained in another agreement (if any) between the Corporation Company and the Participant or (bii) any obligation owed to the Participant by the CorporationCompany, shall not affect the validity or enforceability of the covenants and agreements of the Participant set forth herein.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (International Bancshares Corp)

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