(1) The chairperson and any member of the Board other than the Chief Executive of the Trust Fund shall hold office for a period of four years and is on the expiration of that period eligible for re-appointment.

(2) A member of the Board other than an ex-officio member may at any time by letter addressed to the President through the Minister resign from office.

(3) A member who is absent from four consecutive meetings of the Board without sufficient cause shall cease to be a member of the Board.

(4) The chairperson or any other member of the Board may be removed from office by the President for

(a) inability to perform the functions of the office;

(b) for stated misbehavior; or