93-TUN-1993 18:20
PALI FIFOOT
༩༢7
- one third of the compensation outstanding will
be paid on the second anniversary of the appointed day;
one half of the compensation outstanding will be paid on the third anniversary of the appointed day;
the balance of the compensation will be paid
on the fourth anniversary of the appointed day.
(4) If the amount of any compensation, or the balance of any compensation outstanding, on any date a payment is due is, without counting any sum payable in respect of interest under paragraph 14, less than £10,000, the whole of that compensation or balance, together with interest will be paid on that date [and no further calculation or payment will be made in respect of the officer concerned].
INTEREST
14. (1) Interest at the rate of five per cent per annum, based on the previously assessed balance of compensation due, will be paid at the time of the next instalment." Where a recalculation of the entitlement to compensation is made on an anniversary of the appointed day, interest will become payable on the reassessed balance from the date when the recalculation is made.
(2) Where a recalculation is made on the occasion of an entitled officer's retirement or death, interest will be paid at the time the next instalment, or balance, of compensation is to be paid, calculated as follows
five per cent per annum on the balance of compensation due at the previous anniversary of the appointed day for the period between the anniversary of the appointed day and the day of retirement or death,
plus
five per cent per annum on the balance of
compensation due on recalculation at date of
retirement or death from the date of retirement or
12