Reformation or Modification. In the event that this Section 13 or any portion hereof shall be found by an arbitrator or court of competent jurisdiction to be unenforceable as written, such court or arbitrator shall, and is hereby authorized to, modify this Section 13 or any portion hereof in such manner as he, she or it determines to be necessary to render this Section 13 enforceable to the maximum possible extent and to enforce this Section 13 as so modified.
Appears in 12 contracts
Samples: Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp)
Reformation or Modification. In the event that this Section 13 section 14 or any portion hereof shall be found by an arbitrator or court of competent jurisdiction to be unenforceable as written, such court or arbitrator shall, and is hereby authorized toauthorized, to modify this Section 13 section 14 or any portion hereof thereof in such manner as he, she or it determines to be necessary to render this Section 13 section 14 enforceable to the maximum possible extent and to enforce this Section 13 section 14 as so modified.
Appears in 2 contracts
Samples: Retention Stock Option Agreement (Hudson City Bancorp Inc), Performance Stock Option Agreement (Hudson City Bancorp Inc)
Reformation or Modification. In the event that this Section 13 section 15 or any portion hereof shall be found by an arbitrator or court of competent jurisdiction to be unenforceable as written, such court or arbitrator shall, and is hereby authorized to, modify this Section 13 section 15 or any portion hereof in such manner as he, she he or it determines to be necessary to render this Section 13 section 15 enforceable to the maximum possible extent and to enforce this Section 13 section 15 as so modified.
Appears in 1 contract
