Part 10A company's directors
Chapter 4Transactions with directors requiring approval of members
Service contracts
189Directors' long-term service contracts: civil consequences of contravention
If a company agrees to provision in contravention of section 188 (directors' long-term service contracts: requirement of members' approval)—
(a)
the provision is void, to the extent of the contravention, and
(b)
the contract is deemed to contain a term entitling the company to terminate it at any time by the giving of reasonable notice.