{
  "url": "https://openlegislation.uk/company-accounts-disclosure-of-directors-emoluments-regulations-1997/regulation-5",
  "json_url": "https://openlegislation.uk/company-accounts-disclosure-of-directors-emoluments-regulations-1997/regulation-5.json",
  "legislation": "uksi/1997/570",
  "legislation_title": "The Company Accounts (Disclosure of Directors' Emoluments) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/company-accounts-disclosure-of-directors-emoluments-regulations-1997",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Compensation to directors for loss of office",
  "text": "(1) In sub-paragraph (2)(b) of paragraph 8 of Schedule 6 (compensation to directors for loss of office), the words from “and shall distinguish” to the end shall be omitted.\n(2) For sub-paragraph (4) of that paragraph there shall be substituted the following sub-paragraphs—\n“(4) In this paragraph, references to compensation for loss of office include the following, namely—\n(a) compensation in consideration for, or in connection with, a person’s retirement from office; and\n(b) where such a retirement is occasioned by a breach of the person’s contract with the company or with a subsidiary undertaking of the company—\n(i) payments made by way of damages for the breach; or\n(ii) payments made by way of settlement or compromise of any claim in respect of the breach.\n(5) Sub-paragraph (6)(a) of paragraph 1 applies for the purposes of this paragraph as it applies for the purposes of that paragraph.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/570/regulation/5",
    "retrieved_at": "2026-10-29T12:23:34.768500+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}