Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Business activity

Pay for loss of office

Why use a 🖊️ Director compensation resolution?

A director compensation resolution is a resolution between the board of directors of a company that sets the compensation for the directors. This resolution is important because it ensures that the directors are paid fairly for their work and that the company is not overpaying for their services.

This legal template is a Resolution Approving Payment For Director's Loss Of Office under UK law. In the corporate world, directors may sometimes experience a loss of office, which could be due to various reasons such as resignation, retirement, or termination. This template aims to provide a formal resolution for the approval of payment to be made to a director who has suffered a loss of office, in accordance with the legal requirements and regulations governing such scenarios under UK law.

The resolution serves as a mechanism to authorize the payment to the director, ensuring it is conducted lawfully and transparently. It outlines the specific details of the loss of office, including the reason for departure and the relevant dates. The template may also include provisions for the calculation of the payment, considering factors such as contractual obligations, statutory rights, and any additional entitlements that may be applicable to the director.

The document emphasizes compliance with the laws and regulations concerning director compensation, particularly the provisions outlined in the Companies Act 2006, as well as any relevant provisions in the company's Articles of Association. It may also incorporate other legal considerations, such as the scrutiny of the remuneration committee, the involvement of shareholders or voting procedures, ensuring the payment is within the parameters set by the authorities and shareholders.

Overall, this legal template facilitates the formal process of approving payments to directors for loss of office under UK law, ensuring transparency, compliance, and accountability in executing such compensation arrangements.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Simple Outsourcing Agreement

A Simple Outsourcing Agreement under UK law is a legal template that outlines the terms and conditions of an outsourcing arrangement between two parties, typically a company or organization and a service provider. The agreement aims to establish a clear understanding of the roles, responsibilities, and obligations of each party involved in the outsourcing project.

The template typically covers essential aspects such as the scope of work, performance standards, pricing and payment terms, confidentiality and data protection, intellectual property rights, termination conditions, dispute resolution mechanisms, and any specific legal provisions required by UK law.

By using this legal template, both parties can ensure that their rights and obligations are properly stated and agreed upon, minimizing any potential misunderstandings or disputes that may arise throughout the course of the outsourcing project. Additionally, as the agreement is tailored to comply with UK law, it provides a solid legal framework for protecting the interests of all parties involved.

This Simple Outsourcing Agreement template can be customized and adapted to suit the unique requirements and preferences of the involved parties, allowing them to collaborate effectively and confidently as they embark on their outsourcing venture.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
3
DISCUSSIONS
2

Questions For Public Authorities To Ask Suppliers During Public Procurement (Market Consultation)

This legal template pertains to the process of public procurement in the UK and focuses specifically on market consultation. Public authorities, such as government agencies, municipalities, or other public bodies, are required to follow certain guidelines and regulations when procuring goods or services from suppliers. Market consultation is an essential step in this process, aimed at gathering information and feedback from potential suppliers in order to make informed procurement decisions.

The template provides a structured set of questions that public authorities may ask suppliers during market consultation. These questions are carefully designed to extract relevant information regarding the supplier's capacity, experience, financial stability, quality standards, compliance with legal requirements, and overall suitability for the procurement project.

The purpose of this template is to ensure that public authorities conduct fair and transparent market consultations, allowing for equal opportunities for all potential suppliers to provide input and present their capabilities. By posing standardized questions, public authorities can streamline the evaluation process and facilitate a more consistent and objective assessment of suppliers' responses.

Adhering to UK law, this template assists public authorities in complying with legal requirements by covering key areas such as anti-discrimination, competition, and transparency. It may also include additional provisions specific to the industry or sector in which the public authority operates, ensuring that the questions align with the unique considerations of the procurement project.

Ultimately, using this legal template helps public authorities improve their decision-making process by gathering relevant information, clarifying doubts, and gauging the suitability of suppliers before finalizing a procurement contract.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
8
RATINGS
3
DISCUSSIONS
2

Contract For Short Term Outsourcing Services (Customer Friendly)

This legal template titled "Contract For Short Term Outsourcing Services (Customer Friendly)" is designed to outline the terms and conditions governing the provision of short-term outsourcing services in the context of the United Kingdom (UK). The template is tailored to prioritize the interests of the customer and aims to establish a clear and comprehensive agreement between the service provider and the customer.

The template covers various aspects related to short-term outsourcing services, including the scope of services, deliverables, timelines, pricing, payment terms, intellectual property rights, confidentiality, data protection, termination clauses, and dispute resolution mechanisms. It takes into account the specific legal requirements and regulations applicable in the UK, ensuring compliance with UK law throughout the entire contract.

By utilizing this customer-friendly template, both parties can effectively define their expectations, obligations, and responsibilities, reducing the risk of misunderstandings or disputes. This contract template is particularly beneficial for businesses seeking to outsource specific projects or services on a short-term basis, allowing for a mutually beneficial relationship while safeguarding the interests of the customer under the framework of UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
3
DISCUSSIONS
0