Paragraph 4 I1

(1)

Subject to the following provisions, the chairman and any ordinary member—

(a)

is to hold and vacate office in accordance with the terms and conditions of his appointment, and

(b)

may resign or be removed from office in accordance with those terms and conditions.

(2)

A person must cease to be a member of the Board where—

(a)

in the case of the chairman, he ceases to hold that office or becomes a member of the staff of the Board;

(b)

in the case of any other non-executive member, he becomes a member of the staff of the Board;

(c)

in the case of an ordinary member who is an executive member, he ceases to be a member of the staff of the Board.

Annotations

C1: Sch. 5 modified (N.I.) (6.4.2005) by The Pension Protection Fund (Review and Reconsideration of Reviewable Matters) Regulations (Northern Ireland) 2005 (S.R. 2005/138), regs. 1(1), 26