Ordinary resolution of a subsidiary company approving a payment to a director of its holding company for loss of office in connection with a share transfer

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

  • Ordinary resolution of a subsidiary company approving a payment to a director of its holding company for loss of office in connection with a share transfer

Ordinary resolution of a subsidiary company approving a payment to a director of its holding company for loss of office in connection with a share transfer

Ordinary resolution

[That the payment of [insert amount] proposed to be made by the Company to [insert name of director], a director of [insert name of holding company], as compensation for [his OR her] loss of office as director of [insert name of holding company] in connection with the [proposed] transfer of shares in the Company resulting from a takeover bid by [insert name of bidder] be approved in accordance with section 219 of the Companies Act 2006.

OR

That the payment of [insert amount] proposed to be made by the Company to [insert name of director], a director of [insert

Popular documents