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Right to opt for
abolition
terms.
Application of
appropriate law.
Exemption
from tax.
Exercise of options.
rate of exchange prevailing at the date of the payment, the amount in sterling of the compensation, gratuity, disturbance grant or interest as calculated at the official rate of exchange prevailing on the operative date.
16.-(1) An entitled officer who, before he receives his initial payment of compensation, gives notice of retirement under paragraph 4 of this Schedule, or is required to retire under section 16 of the Zambia Independence Order 1964 or paragraph 9(1)(b) or 10 of this Schedule may at his option (such option to be exercised within three months of the commencement of this Order or, in the case of an officer who was not an entitled officer on the operative date, within three months of the date on which he became an entitled officer) become an officer to whom this paragraph applies.
(2) An officer to whom this paragraph applies shall not be entitled to compensation under this Schedule or be granted a pension, gratuity or disturbance grant under this Schedule but, subject to the provisions of paragraph 17 of this Schedule may, on his retirement under this Schedule, be granted such benefits as may be granted under the appropriate law to an officer whose office has been abolished.
(3) An officer to whom this paragraph applies shall repay the amount of any compensation that may have been paid to him.
17. The provisions of the appropriate law shall, subject to the provisions of this Schedule, apply in relation to the grant of any pension or gratuity under this Schedule and to any pension or gratuity granted thereunder as they apply in relation to the grant of a pension or gratuity, and to any pension or gratuity granted, under the appro- priate law:
Provided that section 11 of the European Officers' Pensions Ordinance of Zambia or any law amending or replacing that section shall not apply in relation to any pension granted under the provisions of this Schedule.
18. Any compensation, gratuity or disturbance grant payable under any of the provisions of this Schedule shall be exempt from tax under any law in force in Zambia relating to the taxation of incomes or imposing any other form of taxation
19. Any option exercisable by any person for the purposes of this Schedule-
(a) shall be irrevocable after the end of the period within which it is
to be exercised;
(b) shall be exercised by notice in writing to the appropriate Service
Commission
(c) shall be deemed to have been exercised on the date on which
the notice is received:
Provided that the appropriate Service Commission may, if it thinks fit, generally or in respect of a particular person and subject or not to conditions, extend the period for the exercise of an option.
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