Benefit Cessation Date definition
Examples of Benefit Cessation Date in a sentence
At the later of (i) the date you cease to serve as a director of the Company and (ii) the Severance Term Date or the Benefit Cessation Date, if earlier, your rights to benefits and payments under any stock option, restricted stock unit, performance stock unit or other equity-based award shall be determined in accordance with the terms and provisions of the plans and any agreements under which such stock options, restricted stock units, performance stock units or other awards were granted.
At the Severance Term Date or , if earlier, the Benefit Cessation Date, your rights to benefits and payments under any health and welfare benefit plans or any insurance or other death benefit plans or arrangements of the Company or under any management incentive or other non-equity-based plan of the Company shall be determined in accordance with the terms and provisions of such plans.