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26.—(1) This regulation applies to persons who suffer loss of employment as non-pensionable officers of Associations on or after normal retiring age in circumstances which would, if they had suffered the loss before attaining that age, have rendered them eligible for payment of long term compensation in accordance with Part IV of these regulations.
(2) If the Secretary of State is satisfied that a person to whom this regulation applies lost his employment through a relevant cause and would, but for that loss, have continued to be an officer of an Association beyond normal retiring age for a further substantial period, that person may be paid compensation for the remainder of his life at half the rate of long term compensation which would have been payable under regulation 14 had he not attained normal retiring age when he lost the employment.
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