Directors’ Pensions And Other Benef25 Nov 2018 17:00
Directors’ Pensions And Other Benefits - from article 98 of Valirx's Articles of Association. A generous article.
The Board may establish, maintain, participate in or contribute to or procure the establishment
or maintenance of, participation in or contribution to any pension, superannuation, benevolent
or life assurance fund, scheme or arrangement (whether contributory or otherwise) for the
benefit of, and give or procure the giving of donations, gratuities, pensions, allowances,
benefits and emoluments to, any persons who are or were at any time in the employment or
service of or who have at any time been Directors of the Company or of any company which is
or was a member of the Group or any of their predecessors in business (and for any member
of his family, including a spouse or civil partner or former spouse or former civil partner or a
person who is or was dependent on him). Any Director or former Director shall be entitled to
participate in and retain for his own benefit any such donations, gratuities, pensions,
allowances, benefits or emoluments. The Board may arrange for this to be done by the
Company either alone or in conjunction with any other person.