(i) The term of office and other conditions of service of the Chairj man and the members referred to in clause (d) of sub-section (1) of section 4 shall be such as may be prescribed.
(2) Notwithstanding anything contained in sub-section (I), the Central Government shall have th e right to terminate the services of the Chairman or a member appointed under clause (d) of sub-section
(1) of section 4, at any time before the expiry of the period prescribed under sub-section (1) by giving him notice of not less than three months in. writing or three months' salary and allowances in lieu thereof, and the Chairman or a member, as th e case may be, shall also have the right to relinquish his office, at any time before the expiry of the period prescribed under sub-section (7), by giving to the Central Government notice of not less than three months in writing.