216 Amounts taken to be payments for loss of office
Companies Act 2006 | Legislation

216  Amounts taken to be payments for loss of office

(1)     This section applies where in connection with any such transfer as is mentioned in section 218 or 219 (payment in connection with transfer of undertaking, property or shares) a director of the company—

(a)     is to cease to hold office, or

(b)     is to cease to be the holder of—

(i)     any other office or employment in connection with the management of the affairs of the company, or

(ii)     any office (as director or otherwise) or employment in connection with the management of the affairs of any subsidiary undertaking of

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