sec.147Existing chief executive officer

sec.147 Existing chief executive officer

On the commencement— the person holding office as the chief executive officer immediately before the commencement goes out of office; and the person’s contract of employment mentioned in former section 82 ends. No compensation is payable to the person because of subsection (1), other than as expressly provided under the person’s contract of employment. To remove any doubt, it is declared that this section does not limit or otherwise affect the person’s right to a benefit or entitlement that had accrued or was accruing before the commencement. In this section— former section 82 means section 82 as in force from time to time before the commencement. s 147 ins 2021 No. 12 s 177 (sec.147-ssec.1) On the commencement— the person holding office as the chief executive officer immediately before the commencement goes out of office; and the person’s contract of employment mentioned in former section 82 ends. (sec.147-ssec.2) No compensation is payable to the person because of subsection (1), other than as expressly provided under the person’s contract of employment. (sec.147-ssec.3) To remove any doubt, it is declared that this section does not limit or otherwise affect the person’s right to a benefit or entitlement that had accrued or was accruing before the commencement. (sec.147-ssec.4) In this section— former section 82 means section 82 as in force from time to time before the commencement.

• (a) the person holding office as the chief executive officer immediately before the commencement goes out of office; and
• (b) the person’s contract of employment mentioned in former section 82 ends.