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.
F35(1)Subject to any directions under section 26(3), the New Opportunities Fund may appoint such staff as they think fit, on such terms and conditions of service as they think fit.U.K.
(2)Subject to any directions under section 26(3), the New Opportunities Fund may—
(a)pay such pensions, allowances or gratuities to or in respect of any persons who have been or are members of their staff as they may determine;
(b)make such payments as they may determine towards the provision of pensions, allowances or gratuities to or in respect of any such persons;
(c)provide and maintain such schemes as they may determine (whether contributory or not) for the payment of pensions, allowances or gratuities to or in respect of any such persons.
(3)Any reference in sub-paragraph (2) to pensions, allowances or gratuities to or in respect of any such persons as are mentioned in that sub-paragraph includes pensions, allowances or gratuities by way of compensation to or in respect of any members of the New Opportunities Fund’s staff who suffer loss of office or employment.]
Textual Amendments
F3Sch. 6A para. 5 inserted (2.7.1998) by 1998 c. 22, s. 7(3), Sch. 2.