SCHEDULES

C1SCHEDULE 6F1Disclosure of information: emoluments and other benefits of directors and others

Annotations:
Amendments (Textual)
F1

Sch. 6: heading substituted (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 2

Modifications etc. (not altering text)

F2Part IChairman’s and Directors’ Emoluments, Pensions and Compensation for Loss of Office

Annotations:
Amendments (Textual)
F2

Sch. 6 Pt. I inserted (the existing Part I renumbered as Part II) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 3 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)

F3X1 Compensation to directors for loss of office

Annotations:
Editorial Information
X1

Until 1.8.2002 this provision was related to "Sch. 6 Part I" in the hierarchical structure. On 1.8.2002 a new Chapter 1 Heading was inserted and from that date this provision became related to that Chapter Heading. The way in which legislation is structured in SLD means that any version of this provision created after 1.8.2002 will not appear in the attributes table for this version and it will not be possible to navigate to it from this version. To check for any versions created after 1.8.2002, it is recommended that you perform a search on the current date.

Amendments (Textual)
F3

Sch. 6 Pt. I inserted (the existing Part I renumbered as Part II) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 3 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)

X28

1

There shall be shown the aggregate amount of any compensation to directors or past directors in respect of loss of office.

2

This amount includes compensation received or receivable by a director or past director for—

a

loss of office as director of the company, or

b

loss, while director of the company or on or in connection with his ceasing to be a director of it, of—

i

any other office in connection with the management of the company’s affairs, or

ii

any office as director or otherwise in connection with the management of the affairs of any subsidiary undertaking of the company;

F4. . ..

3

References to compensation include benefits otherwise than in cash; and in relation to such compensation references to its amount are to the estimated money value of the benefit.

The Nature Of Any Such Compensation Shall Be Disclosed.

F54

In this paragraph, references to compensation for loss of office include the following, namely—

a

compensation in consideration for, or in connection with, a person’s retirement from office; and

b

where such a retirement is occasioned by a breach of the person’s contract with the company or with a subsidiary undertaking of the company—

i

payments made by way of damages for the breach; or

ii

payments made by way of settlement or compromise of any claim in respect of the breach.

F55

Sub-paragraph (6)(a) of paragraph 1 applies for the purposes of this paragraph as it applies for the purposes of that paragraph.