C5Part 10A company's directors

Annotations:
Modifications etc. (not altering text)

Chapter 5Directors' service contracts

C4C6227C1C2C3Directors' service contracts

1

For the purposes of this Part a director's “service contract”, in relation to a company, means a contract under which—

a

a director of the company undertakes personally to perform services (as director or otherwise) for the company, or for a subsidiary of the company, or

b

services (as director or otherwise) that a director of the company undertakes personally to perform are made available by a third party to the company, or to a subsidiary of the company.

2

The provisions of this Part relating to directors' service contracts apply to the terms of a person's appointment as a director of a company.

They are not restricted to contracts for the performance of services outside the scope of the ordinary duties of a director.