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Energy Act 2004

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This is the original version (as it was originally enacted).

Terms and conditions of executive members of the NDA

This section has no associated Explanatory Notes

3(1)The chief executive is to hold office on such terms and conditions (including terms and conditions as to remuneration) as the non-executive members determine.

(2)Each of the other executive members (if any) is to hold office as a member, on such terms and conditions (including terms and conditions as to remuneration) as the non-executive members may determine in his case.

(3)The terms and conditions on which an executive member other than the chief executive becomes or remains an employee of the NDA, or (without being an employee) a member of its staff, are also to be determined by the non-executive members.

(4)If the non-executive members so determine in the case of the chief executive or any of the other executive members, the NDA must—

(a)pay such pensions, allowances or gratuities to or in respect of the chief executive and each of those other members, or

(b)provide and maintain for the chief executive and those other members such pension schemes (whether contributory or not),

as the non-executive members mey determine.

(5)If an executive member—

(a)is a participant in a pension scheme applicable to his membership of the NDA, and

(b)ceases to be an executive member without ceasing to be a member of the NDA’s staff,

he may, if the Secretary of State so determines, be treated for the purposes of the pension scheme as if any service of his (after ceasing to be an executive member) as an employee of the NDA were service as an executive member.

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