4(1)A person shall hold and vacate office as a member of a funding authority in accordance with the terms of his appointment and, on ceasing to be a member, shall be eligible for re-appointment.
(2)A member of a funding authority may at any time resign his office by notice in writing to the Secretary of State.
5If the Secretary of State is satisfied that a member of a funding authority—
(a)has been absent from meetings of the authority for a period longer than six consecutive months without the permission of the authority, or
(b)is unable or unfit to discharge the functions of a member,
the Secretary of State may, by notice in writing to that member, remove him from office and thereupon the office shall become vacant.