Common use of Operation of Law on Corporation's Obligations Clause in Contracts

Operation of Law on Corporation's Obligations. In the event that any --------------------------------------------- governmental entity promulgates any statute, rule, regulation, policy or order which restricts or prohibits the Corporation from making payments to the Executive under this Agreement, then the Corporation's obligations to make payments to the Executive (or his beneficiary) hereunder shall terminate or be restricted or suspended (consistent with such law or binding regulation, policy or order) for so long as such restriction or prohibition applies to the Corporation. Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act in violation of any applicable law or binding regulation, policy or order.

Operation of Law on Corporation's Obligations. In the event that --------------------------------------------- any --------------------------------------------- governmental entity promulgates any statute, rule, regulation, policy or order which restricts or prohibits the Corporation from making payments to the Executive under this Agreement, then the Corporation's obligations to make payments to the Executive (or his beneficiary) hereunder shall terminate or be restricted or suspended (consistent with such law or binding regulation, policy or order) for so long as such restriction or prohibition applies to the Corporation. Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act in violation of any applicable law or binding regulation, policy or order.

Operation of Law on Corporation's Obligations. In the event that any --------------------------------------------- governmental entity promulgates any statute, rule, regulationregualation, policy or order which restricts or prohibits the Corporation from making payments to the Executive under this Agreement, then the Corporation's obligations to make payments to the Executive (or his her beneficiary) hereunder shall terminate or be restricted or suspended (consistent with such law or binding regulation, policy or order) for so long as such restriction or prohibition applies to the Corporation. Nothing in this Agreement is intended to require requrire or shall be construed as requiring the Corporation to do or fail to do any act in violation of any applicable law or binding regulation, policy or order.