Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p12
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 30026–32637

a payment (including a payment by way of damages for breach of contract) or other valuable consideration or any other benefit (not being a payment to which paragraph (e) or (g) of the definition of 'exempt benefit' in sub-section (7) of that section applies) by way of compensation for the loss by that person or any other person of, or for or in connection with retirement of that person or any other person from, an office that, in relation to the target company, is or, if the target company were a company as so defined, would be a prescribed office for the purposes of that section; or
              (ii) a payment (including a payment by way of damages for breach of contract) or other valuable consideration or any other benefit in connection with the transfer of the whole or any part of the undertaking or property of the target company,

               including such a payment or other valuable consideration or other benefit that a person is, or will or may become, obliged under a contract to make or give—particulars with respect to the payment or consideration (including the amount of the payment or the money value of the consideration) or the other benefit;"; and
     (b) by omitting paragraph 2 (e) of Part D and substituting the following paragraph:
          "(e) where there will or may be made or given to a person who, in relation to the target company, is or, if the target company were a company as defined in sub-section 5 (1) of the Companies Act 1981, would be a prescribed person for the purposes of section 233 of that Act—
              (i) a payment (including a payment by way of damages for breach of contract) or other valuable consideration or any other benefit (not being a payment to which paragraph (e) or (g) of the definition of 'exempt benefit' in sub-section (7) of that section applies) by way of compensation for the loss by that person or any other person of, or for or in connection with retirement of that person or any other person from, an office that, in relation to the target company, is or, if the target company were a company as so defined, would be a prescribed office for the purposes of that section; or
              (ii) a payment (including a payment by way of damages for breach of contract) or other valuable consideration or any other benefit in connection with the transfer of the whole or any part of the undertaking or property of the target company,
          including such a payment or other valuable consideration or other benefit that a person is, or will or may become, obliged under a contract to make or give—particulars with respect