Non-executive director notice pay Sample Clauses

Non-executive director notice pay. Viavi acknowledges that the Target intends, after the Effective Date and subject to and conditional on the Target being de-listed from the London Stock Exchange, to pay within 30 days of the Effective Date or, if later, the day following the date on which the Target is de- listed from the London Stock Exchange any non-executive director of the Target who resigns in connection with the Scheme and does not join the board of Viavi with effect from the Effective Date a payment equal to three months’ fees at the rate paid to them immediately before the Effective Date (less any legally required deductions).
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