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Nomination of director of (and employment in) Company in relation to either House of the Oireachtas.
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6.—(1) Where a director of the Company is nominated as a member of Seanad Éireann or for election to either House of the Oireachtas, he shall, on accepting nomination as a member of Seanad Éireann or on nomination for such election (as the case may be), cease to be a director of the Company.
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(2) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit in that House shall, while so entitled, be disqualified from becoming a director of the Company.
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(3) Where a person who is an employee of the Company is nominated as a member of Seanad Éireann or for election to either House of the Oireachtas, he shall, on accepting nomination as a member of Seanad Éireann or on nomination for such election (as the case may be), stand seconded from employment by the Company and shall not be paid by, or be entitled to receive from, the Company any remuneration or allowances—
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(a) in case he is nominated as a member of Seanad Éireann, in respect of the period commencing on his acceptance of the nomination and ending when he ceases to be a member of that House,
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(b) in case he is nominated for election to either such House, in respect of the period commencing on that nomination and ending when he withdraws his candidature, fails to be elected or ceases to be a member of that House, as the case may be.
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(4) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit in that House shall, while so entitled, be disqualified from becoming an employee of the Company.
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