189 Directors' long-term service contracts: civil consequences of contravention
189 Directors' long-term service contracts: civil consequences of contravention
Companies Act 2006 | Legislation

If a company agrees to provision in contravention of section 188 (directors' long-term service contracts: requirement of members' approval)—

(a)     the provision is void, to the extent of the contravention, and

(b)     the contract is deemed to contain a term entitling the company to terminate it at any time by the giving of reasonable notice.

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