Shareholders' Agreements · glossary
The day the manager's employment with the company ends, for any reason. Her shares stop vesting, she is treated as offering them all for sale, and Fair Value is set as at that day. Definition: Cessation Date · Clause 16.4 · Chapter 9
Explained in Chapter 9, The Manager, of Shareholders' Agreements.
The clock stops on the Cessation Date, the day her employment with the company ends, for whatever reason. After that day nothing more vests, unless the company is sold.Read Chapter 9, The Manager →
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the date on which the Manager's employment with the Company ends, for whatever reason;Read the definition in the document →
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