PART IIILONG TERM COMPENSATION FOR LOSS OF EMPLOYMENT OR LOSS OR DIMINUTION OF EMOLUMENTS OR PENSION RIGHTS
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The Agency shall, subject to the provisions of these Regulations, award and pay long term compensation to every eligible officer or servant of a company who claims such compensation and in relation to whom the following conditions are satisfied, that is to say:—
a
he was on the 31st day of December, 1951, engaged in whole time employment as an officer or servant of a company which on the appointed day became a subsidiary of the Agency;
b
at the date on which occurred the disturbance leading to the claim he had been continuously engaged (exclusive, however, of any breaks due to sickness or personal injury not exceeding in the aggregate eighteen months) for at least eight years in whole time employment in one or more of the following:—
i
the service of the employing company,
ii
the service of any predecessor in title to the undertaking of that company,
iii
war service following immediately upon employment under (i) or (ii);
c
he has, in consequence of the relevant event, suffered loss of employment or loss or diminution of emoluments or pension rights;
d
the loss or diminution aforesaid, being the loss or diminution for which long term compensation is claimed, has occurred not later than ten years after the coming into operation of these Regulations and not later than two years after the disturbance leading to the claim; and
e
he has made his claim for long term compensation, in accordance with the provision for making claims set out in Part IV of these Regulations, not later than two years after the date of the occurrence of the loss or diminution referred to in subparagraph ( d) of this Regulation, or where he could not reasonably have known of the occurrence of the loss or diminution aforesaid at the date when in fact it did occur, not later than two years after the first date upon which he could reasonably have known of its occurrence.