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[Music] when a shareholder or director are also employed by the business and the board or the shareholders elect to remove them their post its really important to make sure this is done in the right way the employment relationship should be terminated appropriately following the right processes and within the correct legislation to make sure that the risk of any potential dispute is minimized and the business is protected the first port of call will probably be the employees contract of employment or their service level agreement because that will give information to the business as to things such as the notice that needs to be given to that person and what needs to be done or how if the contract is silent its still really important to consider what processes should be followed and they should be adhered to quite closely to minimize those risks often when those relationships are terminated we recommend the business enter into a settlement agreement because that will ensure that the
