Common use of Severance of Illegal Provisions Clause in Contracts

Severance of Illegal Provisions. If any provision of this Agreement or the Pension Plan Rules is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining portions of this Agreement or the Pension Plan Rules unless the illegality or invalidity materially prevents the accomplishment of the respective objectives and purposes of the Pension Plan Rules or this Agreement as determined by the Board.

Appears in 3 contracts

Samples: Municipal Pension Plan Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement

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Severance of Illegal Provisions. If any provision of this Agreement or the Pension Retiree Benefit Plan Rules is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining portions of this Agreement or the Pension Retiree Benefit Plan Rules unless the illegality or invalidity materially prevents the accomplishment of the respective objectives and purposes of the Pension Retiree Benefit Plan Rules or this Agreement as determined by the Board.

Appears in 1 contract

Samples: mpp.pensionsbc.ca

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Severance of Illegal Provisions. β€Œ If any provision of this Agreement or the Pension Plan Rules is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining portions of this Agreement or the Pension Plan Rules unless the illegality or invalidity materially prevents the accomplishment of the respective objectives and purposes of the Pension Plan Rules or this Agreement as determined by the Board.

Appears in 1 contract

Samples: Joint Trust Agreement

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