235 Qualifying pension scheme indemnity provision
Companies Act 2006 | Legislation

235  Qualifying pension scheme indemnity provision

(1)     Section 232(2) (voidness of provisions for indemnifying directors) does not apply to qualifying pension scheme indemnity provision.

(2)     Pension scheme indemnity provision means provision indemnifying a director of a company that is a trustee of an occupational pension scheme against liability incurred in connection with the company's activities as trustee of the scheme.

Such provision is qualifying pension scheme indemnity provision if the following requirements are met.

(3)     The provision must not provide any indemnity against—

(a)     any liability of the director to pay—

(i)     a fine imposed in criminal proceedings, or

(ii)     a sum payable

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