# The Companies (Model Articles) Regulations 2008, Paragraph 84: Provision for employees on cessation of business

Extent: E+W+S+N.I.

The directors may decide to make provision for the benefit of persons employed or formerly employed by the company or any of its subsidiaries (other than a director or former director or shadow director) in connection with the cessation or transfer to any person of the whole or part of the undertaking of the company or that subsidiary.

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Source: https://www.legislation.gov.uk/uksi/2008/3229/schedule/3/paragraph/84 (the official version)
Page: https://openlegislation.uk/companies-model-articles-regulations-2008/schedule-3/paragraph-84
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.