Common use of Severability of Terms Clause in Contracts

Severability of Terms. Any provision of this Agreement that is invalid, illegal or unenforceable is ineffective only to the extent of the invalidity, illegality or unenforceability without affecting in any way the remaining provisions or rendering any other provisions of this Agreement invalid, illegal or unenforceable. Without limiting the generality of the foregoing, if the right of InterWest or any transferee to exercise the Option in full for the total number of shares of Common Stock or other securities or property issuable upon the exercise of the Option is limited by applicable law, or otherwise, InterWest or any transferee may, nevertheless, exercise the Option to the fullest extent permissible.

Appears in 4 contracts

Samples: Stock Option Agreement (Interwest Bancorp Inc), Stock Option Agreement (Interwest Bancorp Inc), Stock Option Agreement (Interwest Bancorp Inc)

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Severability of Terms. Any provision of this Agreement that is invalid, illegal or unenforceable is ineffective only to the extent of the invalidity, illegality or unenforceability without affecting in any way the remaining provisions or rendering any other provisions of this Agreement invalid, illegal or unenforceable. Without limiting the generality of the foregoing, if the right of InterWest Glacier or any transferee to exercise the Option in full for the total number of shares of Common Stock or other securities or property issuable upon the exercise of the Option is limited by applicable law, or otherwise, InterWest Glacier or any transferee may, nevertheless, exercise the Option to the fullest extent permissible.

Appears in 3 contracts

Samples: Stock Option Agreement (Glacier Bancorp Inc), Stock Option Agreement (Glacier Bancorp Inc), Stock Option Agreement (Glacier Bancorp Inc)

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Severability of Terms. Any provision of this Agreement that is invalid, illegal illegal, or unenforceable is shall be ineffective only to the extent of the such invalidity, illegality illegality, or unenforceability without affecting in any way the remaining provisions hereof or rendering any other provisions of this Agreement invalid, illegal or unenforceable. Without limiting the generality of the foregoing, if the right of InterWest Umpqua or any permitted transferee to exercise the Option in full for the total number of shares of Common Stock or other securities or property issuable upon the exercise of the Option is limited by applicable law, or otherwise, InterWest Umpqua or any such transferee may, nevertheless, exercise the Option to the fullest extent permissible.

Appears in 1 contract

Samples: Stock Option Agreement (Umpqua Holdings Corp)

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