Common use of Blue Pencil Clause in Contracts

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 24 contracts

Samples: Matched Performance Award Agreement (Endo International PLC), Execution Version (Endo International PLC), Executive Employment Agreement (Endo International PLC)

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Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 12 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 12 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 13 contracts

Samples: Release Agreement (Endo International PLC), Release Agreement (Endo Health Solutions Inc.), Stock Option Agreement (Endo Pharmaceuticals Holdings Inc)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 9 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 9 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party Party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 10 contracts

Samples: Release Agreement (Realogy Group LLC), Employment Agreement (Anywhere Real Estate Group LLC), Release Agreement (Realogy Group LLC)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom there from the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 6 contracts

Samples: Release Agreement (CHS Inc), Employment Agreement (Insignia Systems Inc/Mn), Release Agreement (CHS Inc)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 12 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 12 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom there from the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 3 contracts

Samples: Employment Agreement (CHS Inc), Employment Agreement (Insignia Systems Inc/Mn), Employment Agreement (Insignia Systems Inc/Mn)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 2 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 2 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 2 contracts

Samples: Calpine Corporation Restrictive Covenant Agreement (Calpine Corp), Letter Agreement (Calpine Corp)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 9 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If To the extent permitted by applicable law, if any particular provision of this Section 11 9 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 1 contract

Samples: Release Agreement (Endo International PLC)

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Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 14 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 14 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 1 contract

Samples: Release Agreement (Calpine Corp)

Blue Pencil. It is the intent and desire of Executive and the Company that the provisions of this Section 11 13 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 13 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 1 contract

Samples: Award Agreement (Endo Health Solutions Inc.)

Blue Pencil. It is the intent and desire of the Executive and the Company that the provisions of this Section 11 6 be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any particular provision of this Section 11 6 shall be determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party hereto, to delete therefrom the portion so determined to be invalid or unenforceable, such deletion to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made.

Appears in 1 contract

Samples: Menlo Therapeutics Inc.

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