Member's Resolution For Guaranteed Employment Period For Director's In Excess of Two Years
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📁 Members' resolutionBusiness activity
Approve director's termA members' resolution is a resolution that is passed by the members of a company in accordance with the company's articles of association. The resolution may cover any matter that is within the powers of the members as set out in the articles of association.
This legal template proposes a resolution that seeks to ensure a guaranteed employment period for directors longer than two years in compliance with UK law. It addresses the concerns of both the company and its directors, providing stability and security. The template could outline the specific terms and conditions for implementing such a resolution, including the eligibility criteria to be met, the duration of the extended guaranteed employment period, and any necessary performance reviews or evaluations.
This document is relevant in cases where a company wishes to attract and retain top-level executive talent by offering extended job security. It may be used during company meetings or as part of the official documentation required to approve an employment contract or agreement with a director. By discussing and adopting this resolution, the company can assure qualified directors of a defined employment period beyond the initial two years, ultimately benefiting the company's management and operations.
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