Paragraph 16 Compensation payable to officers

In paragraph 15, “compensation” means compensation received or receivable for–

(a)

loss of office of the officer of the registered social landlord, or

(b)

loss, while an officer of the registered social landlord or in connection with ceasing to be an officer of that body, of–

(i)

any other office in connection with the registered social landlord’s affairs; or

(ii)

any office or otherwise in connection with the management of affairs of any subsidiary undertaking of the registered social landlord.