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Companies Act 1985
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Changes over time for: Paragraph 5
Version Superseded: 06/04/2008
Alternative versions:
- 01/08/2002- Amendment
- 01/12/2003
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 01/12/2003. This version of this provision has been superseded.
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Service contractsU.K.
5(1)The directors’ remuneration report shall contain, in respect of the contract of service or contract for services of each person who has served as a director of the company at any time during the relevant financial year, the following information:
(a)the date of the contract, the unexpired term and the details of any notice periods;
(b)any provision for compensation payable upon early termination of the contract; and
(c)such details of other provisions in the contract as are necessary to enable members of the company to estimate the liability of the company in the event of early termination of the contract.
(2)The directors’ remuneration report shall contain an explanation for any significant award made to a person in the circumstances described in paragraph 14.
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