Common use of Severance of Illegal Provisions Clause in Contracts

Severance of Illegal Provisions. ‌ If any provision of this Joint Trust 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 Joint Trust 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 Joint Trust Agreement as determined by the Board.

Severance of Illegal Provisions. ‌ If any provision of this Joint Trust 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 Joint Trust 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 Joint Trust Agreement as determined by the Board.