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Membership of either House of the Oireachtas by directors, officers and servants of Company.
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11.—(1) Where a director of the Company is nominated either as a candidate for election to either House of the Oireachtas or as a member of Seanad Éireann, he shall thereupon cease to be a director of the Company.
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(2) Where a person who is either an officer or a servant in the employment of the Company becomes a member of either House of the Oireachtas—
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(a) he shall, during the period commencing upon his becoming entitled under the Standing Orders of that House to sit therein and ending either when he ceases to be a member of that House or, if it should sooner happen, upon his resignation or retirement from such employment or upon the termination of such employment by the Company, stand seconded from such employment,
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(b) he shall not be paid by, or entitled to receive from, the Company any salary or wages, as the case may be, in respect of that period.
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(3) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit therein shall, while so entitled, be disqualified from becoming a director of the Company.
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