COMPENSATION FOR LOSS OF OFFICE. The UK Companies are not under an obligation to pay nor have they since the Accounts Date paid or agreed to pay to any employee any compensation for loss of office not deductible in computing their income for the purposes of Corporation Tax.
COMPENSATION FOR LOSS OF OFFICE. If before the expiration of this Agreement, the tenure of office of the Managing Director is determined by any reason whatsoever, the Managing Director shall, subject to the provisions of Section 202 of the Companies Xxx, 0000, be entitled to, by way of compensation for the loss of office, the amount equivalent to the remuneration which he would have earned if he had been in the office for the unexpired residue of his term or for three years, whichever is shorter, calculated on the basis of average remuneration actually earned by him during the period of three years immediately preceding the date on which he ceased to hold office or where he held the office for a lesser period than three years, during such period.
COMPENSATION FOR LOSS OF OFFICE. The Company shall pay Chanter the sum of £30,000 (without deductions) on September 17, 2004 in compensation for the termination of his employment.
COMPENSATION FOR LOSS OF OFFICE. No UK Company is under an obligation to pay nor has it since the Balance Sheet Date paid or agreed to pay any compensation or other gratuitous payment for loss of office which is not deductible in computing its income for the purposes of Corporation Tax, assuming that the business of the Company is carried on in all material respects in the same manner after Closing as it was before Closing.
COMPENSATION FOR LOSS OF OFFICE. The Company is not under an obligation to pay nor has it since the Last Accounts Date paid or agreed to pay any compensation for loss of office or any gratuitous payment not deductible in computing its income for the purposes of Corporation Tax.
COMPENSATION FOR LOSS OF OFFICE. No Ivy Group Company is under an obligation to pay nor has it since the Accounts Date paid or agreed to pay any compensation for the loss of office or any gratuitous payment not deductible in computing its income for the purposes of corporation Tax.
