Common use of Severability; Validity Clause in Contracts

Severability; Validity. The provisions of the Agreement (including Exhibit A) are severable and the validity or unenforceability of any provision shall not effect the validity or enforceability of any other provision, with the following exception. If a court rules in an action to which you are party that the provisions of Section I (2) regarding the agreement to waive the right to have Severance Claims or Employment Claims decided by judge or jury are unenforceable, any and all rights created by Section I (2) of the Agreement and Exhibit A to the Agreement will be voided retroactively, and the proceeds of any arbitration award involving you and AKS must be returned to the party from which they originated.

Appears in 5 contracts

Samples: Control Agreement (Ak Steel Holding Corp), Ak Steel Holding Corp, Ak Steel Holding Corp

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Severability; Validity. The provisions of the Agreement (including Exhibit A) are severable and the validity or unenforceability of any provision shall not effect the validity or enforceability of any other provision, with the following exception. If a court rules in an action to which you are party that the Section C(2)'s provisions of Section I (2) regarding the agreement to waive the right to have Severance Claims or Employment Claims decided by judge or jury are unenforceable, any and all rights created by Section I (2C(2) of the Agreement and Exhibit A to the Agreement will be voided retroactively, and the proceeds of any arbitration award involving you and AKS must be returned to the party from which they originated.

Appears in 2 contracts

Samples: Severance Agreement (Ak Steel Holding Corp), Ak Steel Holding Corp

Severability; Validity. The provisions of the Agreement (including Exhibit A) are severable and the validity or unenforceability of any provision shall not effect affect the validity or enforceability of any other provision, with the following exception. If a court rules in an action to which you are party that the provisions of Section I (2) regarding the agreement to waive the right to have Severance Claims or Employment Claims decided by judge or jury are unenforceable, any and all rights created by Section I (2) of the Agreement and Exhibit A to the Agreement will be voided retroactively, and the proceeds of any arbitration award involving you and AKS must be returned to the party from which they originated.

Appears in 2 contracts

Samples: Change of Control Agreement (Ak Steel Holding Corp), Control Agreement (Ak Steel Holding Corp)

Severability; Validity. The provisions of the Agreement (including Exhibit A) are severable and the validity or unenforceability of any provision shall not effect the validity or enforceability of any other provision, with the following exception. If a court rules in an action to which you are party that the provisions of Section I G (2) regarding the agreement to waive the right to have Severance Claims or Employment Claims decided by judge or jury are unenforceable, any and all rights created by Section I G (2) of the Agreement and Exhibit A to the Agreement will be voided retroactively, and the proceeds of any arbitration award involving you and AKS must be returned to the party from which they originated.

Appears in 2 contracts

Samples: Ak Steel Holding Corp, Ak Steel Holding Corp

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Severability; Validity. The provisions of the Agreement (including Exhibit A) are severable and the validity or unenforceability of any provision shall not effect affect the validity or enforceability of any other provision, with the following exception. If a court rules in an action to which you are a party that the provisions of Section I G (2) regarding the agreement to waive the right to have Severance Claims or Employment Claims decided by judge or jury are unenforceable, any and all rights created by Section I G (2) of the Agreement and Exhibit A to the Agreement will be voided retroactively, and the proceeds of any arbitration award involving you and AKS must be returned to the party from which they originated.

Appears in 1 contract

Samples: Officer Severance Agreement (Ak Steel Holding Corp)

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