C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 4Transactions with directors requiring approval of members
Service contracts
C1C2C3I1C4189Directors' 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.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2