Payment of non-executive members
This section has no associated Explanatory Notes
6(1)Monitor must pay to its non-executive members such remuneration and allowances as the Secretary of State may determine.
(2)Monitor must pay or make provision for the payment of such pensions, allowances or gratuities as it may, with the approval of the Secretary of State, determine to or in respect of any person who is or has been a non-executive member.
(3)If a person ceases to be a non-executive member and the Secretary of State decides that there are exceptional circumstances which mean that the person should be compensated, Monitor must pay compensation to the person of such amount as the Secretary of State may determine.