NOTICE RECEIVED Clause Samples
The "NOTICE RECEIVED" clause defines when and how a party is considered to have officially received a notice under the agreement. Typically, this clause outlines acceptable methods of delivery—such as email, postal mail, or courier—and specifies the exact moment notice is deemed effective, for example, upon delivery, a set number of days after sending, or upon acknowledgment of receipt. Its core function is to eliminate ambiguity about when communications are recognized as received, thereby ensuring both parties are clear on deadlines and obligations triggered by such notices.
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NOTICE RECEIVED. Any notice or other communication sent as hereinabove provided shall be deemed received: (a) on the date of delivery, if delivered by hand or overnight express delivery service; (b) on the date indicated on the return receipt if mailed; or (c) on the date of transmission, if sent by electronic transfer device (provided that if the receiving Party did not acknowledge receipt thereof within one (1) Business Day after such delivery, then the delivering Party sent a copy of such notice via method (a) or (b) described in Section 16.1 above).
NOTICE RECEIVED. In any change in Control situation in which the Employee has received written notice from the successor to the Company that such successor is willing to assume the Company's obligations hereunder, the Employee may nonetheless, at his sole discretion, elect to terminate employment by providing written notice to the Company at least five (5) business days prior to the anticipated closing of the transaction giving rise to the Change in Control. In such case, the provisions of Section G will apply as though the Company had terminated Employee's employment; provided, however, that under such circumstances, (i) in lieu of the Salary Continuation and Bonus, the Company shall pay the Employee the Change in Control Payment, in one lump sum on or before the closing of the transaction giving rise to the Change in Control.
NOTICE RECEIVED. In any change in Control situation in which the Employee has received written notice from the successor to the Company that such successor is willing to assume the Company's obligations hereunder, the Employee may nonetheless, at his sole discretion, elect to terminate this Agreement by providing written notice to the Company at least five (5) business days prior to the anticipated closing of the transaction giving rise to the Change in Control. In such case, the provisions of this Agreement will apply as though the Company had terminated the Agreement without cause; provided, however, that under such circumstances, (i) in lieu of the salary continuation as provided for in Paragraph (a) of the section titled Termination of Employment, the Company shall pay the Employee the Change in Control Payment, in one lump sum on or before the closing of the transaction giving rise to the Change in Control, and (ii) the provisions of the Non-competition section of this Agreement shall apply in their entirety.
NOTICE RECEIVED. In any Change in Control situation in which the Employee has received written notice from the successor to the Company that such successor is willing to assume the Company’s obligations hereunder, the Employee may nonetheless, at his sole discretion, elect to terminate employment by providing written notice to the Company at least five (5) business days prior to the anticipated closing of the transaction giving rise to the Change in Control. In such case, the Company shall pay the Employee the Change in Control Payment in one lump sum on or before the closing of the transaction giving rise to the Change in Control.
NOTICE RECEIVED. Any such demand, request, notice or consent sent as aforesaid shall be deemed to have been received by the party to whom it is addressed upon delivery, if delivered, or if such date of delivery is not a Business Day on the next following Business Day, and the next Business Day following transmission if sent by telecopy.