Common use of Severability and Judicial Modification Clause in Contracts

Severability and Judicial Modification. If any provision of the Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory or other political subdivision or the Company elects not to enforce such restriction, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 47 contracts

Samples: Restricted Share Unit Award Agreement (Howmet Aerospace Inc.), Restricted Share Unit Award Agreement, Restricted Share Unit Award Agreement

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Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce any such restrictionprovision, including but not limited to paragraph 9(c)(ii), the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the this Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 6 contracts

Samples: Performance Share Award Agreement (Wells Fargo & Company/Mn), Performance Share Award Agreement (Wells Fargo & Company/Mn), Restricted Share Rights Award Agreement (Wells Fargo & Company/Mn)

Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce any such restrictionprovision, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the this Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 5 contracts

Samples: Performance Share Award Agreement (Wells Fargo & Company/Mn), Performance Share Award Agreement (Wells Fargo & Company/Mn), Performance Share Award Agreement (Wells Fargo & Company/Mn)

Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce such restriction, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the this Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Wells Fargo & Company/Mn), Performance Share Award Agreement (Wells Fargo & Company/Mn)

Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce such restriction, including but not limited to paragraph 9(c)ii, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the this Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 2 contracts

Samples: Restricted Share Rights Award Agreement (Wells Fargo & Company/Mn), Cash Award Agreement (Wells Fargo & Company/Mn)

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Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce any such restrictionprovision, including but not limited to Section IV(b) of the TSA, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the this Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 1 contract

Samples: Performance Share Award Agreement (Wells Fargo & Company/Mn)

Severability and Judicial Modification. If any provision of the Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory or other political subdivision or the Company elects not to enforce such restriction, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the Award Agreement and all other provisions shall remain valid and enforceable. 21.

Appears in 1 contract

Samples: Special Retention Award Agreement

Severability and Judicial Modification. If any provision of the this Award Agreement is held to be invalid or unenforceable under the applicable laws of any country, state, province, territory pertinent state law or other political subdivision otherwise or the Company elects not to enforce such restriction, including but not limited to paragraph 3, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be modified only to the extent necessary to render that provision valid and enforceable to the fullest extent permitted by law. If the invalid or unenforceable provision cannot be, or is not, modified, that provision shall be severed from the Award Agreement and all other provisions shall remain valid and enforceable.

Appears in 1 contract

Samples: Cash Award Agreement (Wells Fargo & Company/Mn)

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