Director resignation letter
Company director resignation letter template to be used for written notice of resignation. Alternative forms of resignation including a straightforward resignation letter and a more detailed version, suitable for a negotiated share sale transaction, incorporating a waiver of claims and any amounts owed to the resigning director.
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When do I use this document?
- for a simple resignation letter
- for a longer form of resignation for use in a negotiated share sale transaction, with a waiver of claims and amounts owed to the resigning director
What are the key features?
- alternative forms of letter – simple and longer form
- longer form letter includes
-
-
- confirmation that no amounts are owed to the resigning director by the company
- confirmation that the resigning director has no claims against the company and a waiver of any potential claims
-
- execution and delivery by the resigning director as a deed
What else do I need to know?
A director can resign from office at any time by written notice to the company. The Articles may provide for a period of notice, but rarely do so. If the company has adopted the Model Articles, without amendment, a written resignation will take effect as stated in its terms.
There is no requirement for the company to approve the resignation of a director. However, it is standard practice for the resignation to be noted at the next meeting of the board.
The company must file the resignation at Companies House within 14 days using form TM01.
When do I use this document?
- for a simple resignation letter
- for a longer form of resignation for use in a negotiated share sale transaction, with a waiver of claims and amounts owed to the resigning director
What are the key features?
- alternative forms of letter – simple and longer form
- longer form letter includes
-
-
- confirmation that no amounts are owed to the resigning director by the company
- confirmation that the resigning director has no claims against the company and a waiver of any potential claims
-
- execution and delivery by the resigning director as a deed
What else do I need to know?
A director can resign from office at any time by written notice to the company. The Articles may provide for a period of notice, but rarely do so. If the company has adopted the Model Articles, without amendment, a written resignation will take effect as stated in its terms.
There is no requirement for the company to approve the resignation of a director. However, it is standard practice for the resignation to be noted at the next meeting of the board.
The company must file the resignation at Companies House within 14 days using form TM01.
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Updated by a lawyer on 15/11/2022
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