Section 5: Tenure of office of members.

(1) Subject to the provisions of this section, a member of the Board shall hold office for four years and shall be eligible for re-appointment except if appointed on zonal basis under section 4 (b) of this Act in which case the appointment shall terminate at the end of the first four years.
(2) Notwithstanding the provisions of subsection (1) of this section, the President may at any time remove a member of the Board, if the President is of the opinion that it is not in the national interest or the interest of the Board for the member to continue in office, and shall notify the member in writing to that effect.
(3) Any member may, in writing under his hand addressed to the Minister at any time, resign his appointment.
(4) The office of a member of the Board shall become vacant if-
(a) the period of his appointment has expired;
(b) he absents himself without leave of the Board from three consecutive ordinary meetings of the Board and without reasonable excuse for so doing;
(c) he is guilty of misconduct in his office as a member and a resolution of the Board approves the termination of his membership;
(d) he dies, resigns or is removed from office.
(5) Soon after the office of a member of the Board becomes vacant, the authority by whom he was appointed shall appoint another person in his place in accordance with the provisions of this Act.
(6) Members of the Board, other than ex-officio members, shall be paid out of the moneys at the disposal of the Board such remunerations and allowances as the Minister may, with the approval of the President, determine.