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Paragraph 2 I1

(1)

The NDA may pay—

(a)

to the chairman, and

(b)

to each of the other non-executive members,

such remuneration and allowances as the Secretary of State may determine.

(2)

The NDA may pay, or make provision for paying—

(a)

to or in respect of the chairman, and

(b)

to or in respect of each of the other non-executive members,

such sums by way of pensions, allowances or gratuities as the Secretary of State may determine.

(3)

Where—

(a)

a person ceases, otherwise than on the expiry of his term of office, to be a non-executive member, and

(b)

it appears to the Secretary of State that there are special circumstances which make it right for him to receive compensation,

the NDA may make a payment to him of such amount as the Secretary of State may determine.

Annotations

Commencement

I1

Sch. 1 para. 2 in force at 27.7.2004 by S.I. 2004/1973, art. 2, Sch.