Delivery to the Employee Sample Clauses
The "Delivery to the Employee" clause defines how and when important documents, notices, or items must be provided to the employee by the employer. Typically, this clause specifies acceptable methods of delivery, such as hand delivery, email, or postal mail, and may outline the timing or confirmation requirements for such deliveries. Its core practical function is to ensure that both parties have a clear understanding of how official communications or materials are to be transmitted, thereby reducing disputes about whether and when the employee received necessary information.
Delivery to the Employee. With respect to shares of Restricted Stock for which the Restrictions have lapsed (without forfeiture), the unrestricted shares of Restricted Stock shall be released to the Employee by electronic transfer or in the form of a stock certificate, and such method of delivery shall be made at the Company’s discretion. Notwithstanding any other provisions of this Agreement, the issuance or delivery of any shares of Stock (whether subject to restrictions or unrestricted) may be postponed for such period as may be required to comply with applicable requirements of any national securities exchange or any requirements of any regulation applicable to the issuance or delivery of such Stock. The Company shall not be obligated to issue or deliver any Stock if the issuance or delivery thereof shall constitute a violation of any provision of any law or of any regulation of any governmental authority or any securities exchange. The Company shall not be required to transfer on its books any shares of Stock (whether subject to restrictions or unrestricted) which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement.