I am not aware of any changes to the license system, so this should work precisely the same way in 2015 and 2014, meaning that you have a grace period of 3 heartbeats which are 120 seconds apart, before the connection to the license system is considered lost permanently. In practice, this means you have 4-5 minutes to reboot the server. (Actually, it looks in the code like we intended it to fail only after 5 heartbeats, not 3 - I think we will update this for the final 2015 release.)
Can you check the log file carefully, and see if there are lines saying "Connection to server [...] lost - trying to reconnect". It should appear at least twice. If not, do let me know, and we will check. Also look for any other "server" (or "Server") messages in the log, and let me know what you see.