(1) The Chief Executive Officer shall be appointed on contract for such term and on payment of such sum as may be decided by the Government.
(2) He shall be entitled to a leave of twenty days per annum. Such leave shall not be allowed to be carried forward for the next calendar year. He shall not be entitled for leave salary.
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(3) He shall be entitled to travelling allowances as admissible to Class I officer of the Government for the journeys performed by him while discharging his duties in service of the Board admissible to Class I officer of the Government.
(4) He may resign his office by giving three month’s notice in writing to the Government, provided that the Chief Executive Officer shall not vacate his office until he is relieved by the Government.
(5) He shall be subject to such other terms and conditions as laid down in the Agreement to be executed with him during his appointment.