Section 4: Tenure of office.

(1) The Chairman shall hold office for a period of 4 years and may be re-appointed for another term of 4 years.
(2) The members of the Council shall hold office for one term of 4 years; and may be re-appointed for one more term only;
(3) The office of Chairman, Rector or any member of the Council under this Act shall become vacant if-
(a) he resigns his office by notice in writing under his hand addressed to the President, Commander-in-Chief of the Armed Forces.
(b) the President, Commander-in-Chief of the Armed Forces is satisfied that it is not in the interest of the Institute for the person appointed to continue in office and notifies the member in writing to that effect subject to Senate approval;
(c) he is a victim of protracted ill-health or he is severely incapacitated by accident and confirmed by constituted medical board;
(d) he suffers death;
(e) found guilty of financial impropriety; or
(f) he is declared bankrupt.