OFFICE OF DIRECTOR. During his employment under this Agreement, the Director shall not:
4.1 resign as a director of the Company or any relevant Group Company without due cause; or
4.2 do or refrain from doing any act whereby his office as a director of the Company is or becomes liable to be vacated; or
4.3 do anything that would cause him to be disqualified from continuing to act as a director.
OFFICE OF DIRECTOR. The term of office of each Director shall expire at the close of the Ordinary General Meeting of Shareholders, which relates to the closing of accounts last to occur within three (3) years from his assumption of office.
OFFICE OF DIRECTOR. Upon the termination of his employment hereunder, the CEO shall forthwith resign from his directorships of any members of the Group of which he is for the time being a director. The Company is accordingly irrevocably authorised to appoint some person in his name and on his behalf to execute all documents and to do all things requisite to give effect to such resignations.
12.1 During his employment under this Agreement the CEO shall not:
12.1.1 voluntarily do or refrain from doing any act whereby his office as a director of the Company is or becomes liable to be vacated; or
12.1.2 do anything that would cause him to be disqualified from continuing to act as a director.
12.2 Upon the termination by whatever means of this Agreement (save if the Company and the CEO enter into a further contract of employment) the CEO shall at the request of the Company immediately resign from office as a director of the Company and from such offices held by him in any other members of the Group as may be so requested, without claiming compensation, and deliver to the Company a letter under seal to this effect in a form approved by the Company and, in the event of his failure to do so, the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign whatever such letters of resignation from the Company and other members of the Group of which the CEO is at the material time a director or other officer and to do such other things as are reasonably necessary to give effect to such resignations.
12.3 The CEO shall not, without the consent of the Company, at any time thereafter represent himself still to be connected with the Company or any members of the Group in any respect.
OFFICE OF DIRECTOR. 5 5 Remuneration ......................................................... 5 5.1 Salary ...................................................... 5 5.2 Car Allowance ............................................... 6 5.3 Schemes ..................................................... 6 5.4 Pension Scheme .............................................. 6
OFFICE OF DIRECTOR. During his employment under this Agreement the Executive Director shall not:
3.1 voluntarily resign as a director of the Company;
3.2 voluntarily do or refrain from doing any act whereby his office as a director of the Company is or becomes liable to be vacated;
3.3 do anything that would cause him to be disqualified from continuing to act as a director.
OFFICE OF DIRECTOR. During his employment undex xxxx Xgreement the CFO shall not:
4.1 voluntarily resign as a director of the Company;
4.2 voluntarily do or refrain from doing any act whereby his office as a director of the Company is or becomes liable to be vacated: or
4.3 do anything that would cause him to be disqualified from continuing to act as a director.
OFFICE OF DIRECTOR. During his employment under this Agreement the Director shall not (without prejudice to the Director's rights and remedies under this Agreement and at common law in circumstances constituting constructive dismissal) do anything that would cause him to be disqualified from continuing to act as a director of the Company.
OFFICE OF DIRECTOR. The initial term of office of each Director shall be from the date of appointment until two (2) days after first Annual General Meeting of New Company. Directors shall be appointed at each Annual General Meeting of the New Company and shall serve until two days after the next Annual General Meeting of the New Company.
OFFICE OF DIRECTOR. SALARY The Director shall be paid by way of remuneration for his services under this Agreement a salary of L150,300 per annum (or such greater amount as the Board may in its discretion from time to time decide or award pursuant to the Company's annual salary review) inclusive of any directors' fees payable to him under the articles of association of the Company and any Group Companies. The salary shall accrue from day to day and be paid by equal monthly instalments in arrear on or about the 25th day (excluding weekends and public holidays) of every month or otherwise in accordance with the Company's policy from time to time. The Company reserves the right to deduct or withhold from the Director's salary any amounts owing to the Company by the Director. On 1st January 1998, and subject only to satisfactory performance of his duties by the Director, the salary of the Director shall be increased to an amount not less than L167,000 per annum (or such greater amount as the Board may in its discretion from time to time decide or award pursuant to the Company's annual salary review).
OFFICE OF DIRECTOR. 5.1 During his employment under this Agreement the Managing Director shall not:
5.1.1 voluntarily resign as a Director of the Company;
