Paragraph 4

United Kingdom

(1)

The Authority may—

(a)

pay to the chairman and other non-executive members such remuneration, and

(b)

pay to or in respect of the chairman and other non-executive members such sums by way of or in respect of allowances and gratuities,

as the Secretary of State may determine.

(2)

Where—

(a)

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

(b)

the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,

the Authority may make a payment to the person of such amount as the Secretary of State may determine.

Notes on Schedule 6

F1: Sch 6 repealed (5.7.2010) by The Personal Accounts Delivery Authority Winding Up Order 2010 (S.I. 2010/911), art. 8(1)(b) (with art. 8(b)(c))