(1) For the purposes of this Division, a contract is a director's service contractif it is a contract under which—
(a) a director of a company undertakes personally to perform services (as director or otherwise) for the company, or for a subsidiary of the company; or
(b) services (as director or otherwise) that a director of a company undertakes personally to perform are made available by a third party to the company, or to a subsidiary of the company.
(2) The provisions of this Part relating to directors' service contracts apply to the terms of a person's appointment as a director of a company and are not restricted to contracts for the performance of services outside the scope of the ordinary duties of a director.
(a) a director of a company undertakes personally to perform services (as director or otherwise) for the company, or for a subsidiary of the company; or
(b) services (as director or otherwise) that a director of a company undertakes personally to perform are made available by a third party to the company, or to a subsidiary of the company.
(2) The provisions of this Part relating to directors' service contracts apply to the terms of a person's appointment as a director of a company and are not restricted to contracts for the performance of services outside the scope of the ordinary duties of a director.
Check the current authoritative text and amendment history before relying on a provision.