In this Chapter—
"directors' remuneration policy" means the policy of a quoted company... with respect to the making of remuneration payments and payments for loss of office;
" quoted company " has the same meaning as in Part 15 of this Act;
" remuneration payment " means any form of payment or other benefit made to or otherwise conferred on a person as consideration for the person— other than a payment for loss of office;
(a)holding, agreeing to hold or having held office as director of a company, or
(b)holding, agreeing to hold or having held, during a period when the person is or was such a director—
" payment for loss of office " has the same meaning as in Chapter 4 of this Part.
...
Subsection (3) applies where, in connection with a relevant transfer, a director of a quoted company ... is—
If in connection with the transfer—
the excess or, as the case may be, the money value of the consideration is taken for the purposes of section 226C to have been a payment for loss of office.
In subsection (2), " relevant transfer " means—
References in this Chapter to the making of a remuneration payment or to the making of a payment for loss of office are to be read in accordance with this section.
References in this Chapter to a payment by a company include a payment by another person at the direction of, or on behalf of, the company.
References in this Chapter to a payment to a person ("B") who is, has been or is to be a director of a company include—
Section 252 applies for the purposes of determining whether a person is connected with a person who has been, or is to be, a director of a company as it applies for the purposes of determining whether a person is connected with a director.
References in this Chapter to a director include a shadow director but references to loss of office as a director do not include loss of a person's status as a shadow director.
References in this Chapter (other than sections 226E(2)(b) and (5)) to a director of a company include a person who is not a director of the company but who is—