Paragraph 1

(1)

There shall be deducted from the amount of the annual allowance payable at the material date to the entitled officer an amount calculated in accordance with the formula—

A \times B \times D or E (whichever is the lesser).

(2)

Where a lump sum has been paid in respect of the further employment, there shall be deducted from the annual allowance an additional amount calculated in accordance with the formula—

A \times C \times D or E (whichever is the lesser).