1(1)Subject as follows, the Chief Inspector holds office in accordance with the terms of his appointment (or re-appointment).
(2)The Chief Inspector must not be appointed for more than five years at a time.
(3)The Chief Inspector may resign by notice in writing to the Secretary of State.
(4)The Secretary of State may dismiss the Chief Inspector if satisfied that—
(a)he has without reasonable excuse failed to exercise his functions for a continuous period of three months beginning not earlier than six months before the day of dismissal,
(b)he has been convicted of a criminal offence,
(c)a bankruptcy order has been made against him, or his estate has been sequestrated, or he has made a composition or arrangement with, or granted a trust deed for, his creditors, or
(d)he is otherwise unable or unfit to exercise his functions.