SCHEDULES

C1SCHEDULE 1The trustee corporation

Annotations:
Modifications etc. (not altering text)

Part 1Members and employees

Remuneration etc

7

1

The trustee corporation may—

a

pay to the members such remuneration, and

b

pay to or in respect of them such sums by way of or in respect of allowances and gratuities,

as the Secretary of State may determine.

2

Where—

a

a person whose term of office as member or chair has not expired ceases to hold that office, and

b

the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,

the trustee corporation may make a payment to the person of such amount as the Secretary of State may determine.