VB .Net Question:

Server side code executes on the server.For this to occur page has to be submitted or posted back.Events fired by the controls are executed on the server.Client side code executes in the browser of the client without submitting the page.
e.g. In ASP.NET for webcontrols like asp:button the click event of the button is executed on the server hence the event handler for the same in a part of the code-behind (server-side code). Along the server-side code events one can also attach client side events which are executed in the clients browser i.e. javascript events.