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Paragraph 8

Original text. Later amendments are not shown.

(1)

Subject to the provisions of this Schedule, a vacating appointed Trustee shall be eligible for reappointment as a Trustee unless that person has been disqualified from the office under article 9.

(2)

Subject to paragraph (4) a vacating appointed Trustee shall not be eligible for reappointment as a Trustee where, immediately before appointment, that person has held office for four consecutive terms unless that person is the chair of the Trustees.

(3)

Subject to paragraph (4) a chair of the Trustees who is an appointed Trustee shall not be eligible for reappointment as a Trustee where, immediately before appointment, that person has held office as a Trustee for five consecutive terms.

(4)

Notwithstanding the terms of paragraphs (2) and (3) , a vacating appointed Trustee and a chair of the Trustees who is an appointed Trustee shall be eligible for re-appointment as a Trustee for a further term or further terms after the completion of the consecutive terms referred to in those paragraphs if in the reasonable opinion of the Trustees there is no other suitable applicant for appointment as a Trustee.

(5)

For the purposes of this paragraph, “term” does not include:—

(a)

a term referred to in article 5(a) or (b); or

(b)

the remainder of a term during which the Trustee was appointed to fill a casual vacancy under article 8.

(6)

In this paragraph “appointed Trustee” means a Trustee appointed under article 4(1).