1. During the term for which they were appointed, directors may not perform, in the company or in companies in a relationship of control or a group relationship with it, any temporary or permanent functions under a contract of work, whether as an employee or as an independent contractor, nor may they conclude any such contracts providing for services to be rendered once they cease to hold office as directors.
1 - Durante o período para o qual foram designados, os administradores não podem exercer, na sociedade ou em sociedades que com esta estejam em relação de domínio ou de grupo, quaisquer funções temporárias ou permanentes ao abrigo de contrato de trabalho, subordinado ou autónomo, nem podem celebrar quaisquer desses contratos que visem uma prestação de serviços quando cessarem as funções de administrador.
2. Where a person who performs any of the functions mentioned in the preceding paragraph in the company or in the companies referred to in that paragraph is appointed director, the contracts relating to those functions are terminated if they were concluded less than one year before the appointment, or are suspended if they have lasted longer than that year.
2 - Quando for designada administrador uma pessoa que, na sociedade ou em sociedades referidas no número anterior, exerça qualquer das funções mencionadas no mesmo número, os contratos relativos a tais funções extinguem-se, se tiverem sido celebrados há menos de um ano antes da designação, ou suspendem-se, caso tenham durado mais do que esse ano.
3. Without authorisation from the general meeting, directors may not carry on, on their own account or on behalf of others, any activity competing with the company, nor hold office in a competing company or be appointed on behalf of or as representative of such a company.
3 - Na falta de autorização da assembleia geral, os administradores não podem exercer por conta própria ou alheia actividade concorrente da sociedade nem exercer funções em sociedade concorrente ou ser designados por conta ou em representação desta.
4. The authorisation referred to in the preceding paragraph must define the rules governing the director’s access to sensitive information.
4 - A autorização a que se refere o número anterior deve definir o regime de acesso a informação sensível por parte do administrador.
The bar on employment or service contracts during and after office, the one-year threshold separating termination from suspension of prior contracts (subject to the Constitutional Court declaration noted), the general-meeting authorisation for competing activities with rules on sensitive information, and the cross-reference to Article 254(2), (5) and (6) are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.