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3.—(1) Subject to the provisions of this Schedule, a member shall hold and vacate office in accordance with the terms of his appointment.
(2) A person shall not be appointed as a member for more than five years at a time.
(3) A person may at any time resign his office as a member by notice in writing to the Office.
(4) A person appointed as chairman or deputy chairman of the corporation –
(a)shall hold and vacate that office in accordance with the terms of his appointment;
(b)may resign that office by notice in writing to the Office; and
(c)shall cease to hold that office if he ceases to be a member.
(5) The Office may by notice in writing remove a person from office as a member or as chairman or deputy chairman of the corporation.
(6) A person who ceases (otherwise than by virtue of sub-paragraph (5)) to be a member or to be the chairman or deputy chairman of the corporation shall be eligible for re-appointment.
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