Section 188(3)

The guaranteed term of a director's employment is— or, in the case of employment having a period within paragraph (a) and a period within paragraph (b), the aggregate of those periods. the period (if any) during which the director's employment— is to continue, or may be continued otherwise than at the instance of the company (whether under the original agreement or under a new agreement entered into in pursuance of it), and cannot be terminated by the company by notice, or can be so terminated only in specified circumstances, or in the case of employment terminable by the company by notice, the period of notice required to be given,

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Source: legislation.gov.uk · retrieved 2026-09-04