Paragraph 6 Non-executive members: paymentsI1

United Kingdom

(1)

The IBCA must pay, or make provision for the payment of, such remuneration, pensions, allowances or gratuities as the Secretary of State or the Minister for the Cabinet Office determines to or in respect of a person who is or has been—

(a)

the Chair, or

(b)

a non-executive member appointed by the Secretary of State or the Minister for the Cabinet Office under paragraph 2 (2).

(2)

The IBCA must pay, or make provision for the payment of, such remuneration, pensions, allowances or gratuities as the Chair determines to or in respect of a person who is or has been a non-executive member appointed by the Chair under paragraph 2 (2).

(3)

Sub-paragraph (4) applies if—

(a)

a person ceases to be the Chair or a non-executive member appointed by the Secretary of State or the Minister for the Cabinet Office under paragraph 2 (2), and

(b)

the Secretary of State or the Minister for the Cabinet Office determines that the person should be compensated because of special circumstances.

(4)

Where this sub-paragraph applies, the IBCA must pay the person compensation of such amount as the Secretary of State or the Minister for the Cabinet Office may determine.

(5)

Sub-paragraph (6) applies if—

(a)

a person ceases to be a non-executive member appointed by the Chair under paragraph 2 (2), and

(b)

the Chair determines that the person should be compensated because of special circumstances.

(6)

Where this sub-paragraph applies, the IBCA must pay the person compensation of such amount as the Chair may determine.

Annotations

Commencement

I1: Sch. 1 para. 6 in force at Royal Assent, see s. 81(1)(a)