Directors’ long term service contracts Definition | Legal Glossary | LexisNexis
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GLOSSARY

Directors’ long term service contracts definition

What does Directors’ long term service contracts mean?

The CA 2006 requires any provision in a director's service contract under which the guaranteed term of the director's employment is, or may be, longer than two years, to be subject to approval by the members of the company. Listed companies are also subject to the Listing Rules and to the UKCG Code, which impose an additional layer of regulation in relation to directors’ service contracts.

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