Delivery – Qualifying Event Clause Samples
The 'Delivery – Qualifying Event' clause defines the specific event or condition that must occur for delivery obligations under a contract to be considered fulfilled. In practice, this clause might specify that delivery is deemed complete upon the buyer's receipt of goods, the passing of risk, or the completion of certain documentation. By clearly identifying what constitutes a qualifying event for delivery, the clause ensures both parties understand when responsibilities shift, reducing disputes and providing certainty regarding the timing and completion of contractual obligations.
Delivery – Qualifying Event. Upon the occurrence of a Qualifying Event, the Company shall, within 30 days following the date of such event, deliver (or cause delivery of) Shares to the Participant in respect of 100% of the RSUs which vest and become Vested RSUs on such date.
Delivery – Qualifying Event. Upon the occurrence of a Qualifying Event, the Company shall, within thirty (30) days following the date of such event, deliver (or cause to be delivered) to the Participant (or the Participant’s estate) the Shares underlying the Earned PSUs that vested on the date of the Qualifying Event pursuant to Section 3(b).
Delivery – Qualifying Event. Upon the occurrence of a Qualifying Event, the Partnership shall, within 30 days following the date of such event, deliver (or cause delivery of) Common Units to the Participant in respect of 100% of the DRUs which vest and become Vested DRUs on such date.