Ordinary resolution of a company to approve a payment to a director for loss of office in connection with a transfer of the undertaking or property of the company
Ordinary resolution of a company to approve a payment to a director for loss of office in connection with a transfer of the undertaking or property of the company

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

  • Ordinary resolution of a company to approve a payment to a director for loss of office in connection with a transfer of the undertaking or property of the company

ORDINARY RESOLUTION

That the payment of [insert amount] proposed to be made by the Company to [insert name of director], a director of the Company, as compensation for [his OR her] loss of office as director of the Company in connection with the [proposed] transfer of [the whole OR part] of the Company’s [undertaking [and/or ] AND/OR property] be approved in accordance with section 218 of the Companies Act 2006.

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