(1) A company must keep available for inspection—
(a) a copy of every director's service contract with the company or with a subsidiary of the company, or
(b) if the contract is not in writing, a written memorandum setting out the terms of the contract.
(2) All the copies and memoranda must be kept available for inspection at—
(a) the company's registered office, or
(b) a place specified in regulations under section 1136.
(3) The copies and memoranda must be retained by the company for at least one year from the date of termination or expiry of the contract and must be
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
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