Textual Amendments
F1Sch. 6A inserted (2.7.1998) by 1998 c. 22, s. 7(3), Sch. 2.
Textual Amendments
F2Crossheading inserted (2.7.1998) by 1998 c. 22, s. 7(3), Sch. 2.
F34(1)The New Opportunities Fund may pay—U.K.
(a)such remuneration to their chairman and any other member of the Fund, and
(b)such travelling and other allowances to their chairman, any other member of the Fund and any member of a committee of theirs,
as the Secretary of State may determine.
(2)Where the Secretary of State so determines in the case of a holder of the office of chairman of the New Opportunities Fund, or in the case of any other member of the Fund, the Fund shall—
(a)pay to or in respect of him such pension, allowances or gratuities, or
(b)make such payments towards the provision of a pension, allowances or gratuities to or in respect of him,
as the Secretary of State may determine.
(3)If the Secretary of State determines that there are special circumstances that make it right for a person ceasing to hold office as chairman of the New Opportunities Fund, or ceasing to be a member of the Fund, to receive compensation, the Fund may pay to him such compensation as the Secretary of State may determine.]
Textual Amendments
F3Sch. 6A para. 4 inserted (2.7.1998) by 1998 c. 22, s. 7(3), Sch. 2.