Paragraph 24 I1
United Kingdom
In regulation 65 (power to provide for employees on cessation or transfer of business)—
(a)
at the beginning of paragraph (3)(b), insert the words “subject to paragraph (4)”;
(b)
after paragraph (3), insert—
“(4)A resolution of the directors is not sufficient sanction for payments to or for the benefits of directors, former directors or shadow directors.”.
Annotations
Commencement
- I1
Sch. 2 para. 24 in force at 12.5.2011, see art. 1(2)