Common use of Reformation or Modification Clause in Contracts

Reformation or Modification. In the event that this Section 17 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 17 or any portion hereof in such manner as he or it determines to be necessary to render this Section 17 enforceable to the maximum possible extent and to enforce this Section 17 as so modified.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (State Bancorp Inc), Restricted Stock Award Agreement (State Bancorp Inc), Compensation Plan Restricted Stock Award Agreement (State Bancorp Inc)

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