Common use of Restrictions Separable and Divisible Clause in Contracts

Restrictions Separable and Divisible. The Grantee acknowledges and accepts the Restrictions herein to the maximum extent permissible under applicable law. If any of the Restrictions is held to cover a geographic area or a length of time which is not permitted by applicable law, or is in any way construed to be too broad or invalid, such provision shall not be construed to be null and void, but instead a court of competent jurisdiction shall construe and interpret or reform these Restrictions to provide for a covenant having the maximum enforceable geographic area, time period and other provisions (not greater than those contained herein) as shall be valid and enforceable under such applicable law.

Appears in 5 contracts

Samples: Award Agreement – Restricted Stock Units (Travel & Leisure Co.), Award Agreement – Performance Stock Units (Travel & Leisure Co.), Award Agreement – Performance Stock Units (Wyndham Destinations, Inc.)

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