Directors’ service contracts—resolution approving a long term service contract
Directors’ service contracts—resolution approving a long term service contract

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Directors’ service contracts—resolution approving a long term service contract

Ordinary resolution

[That the term in the service contract proposed to be entered into between the Company and [insert name of director] providing that the period during which [his OR her] employment [[is to continue OR may be continued] otherwise than at the instance of the Company] is longer than two years, during which [his OR her] employment [cannot be terminated by the Company by notice OR