Section 189: Directors' long-term service contracts: civil consequences of contravention

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 10: A company's directors — Chapter 4: Transactions with directors requiring approval of members

If a company agrees to provision in contravention of section 188 (directors' long-term service contracts: requirement of members' approval)—

the provision is void, to the extent of the contravention, and
the contract is deemed to contain a term entitling the company to terminate it at any time by the giving of reasonable notice.

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