(1) The Corporation may with the approval of the Minister terminate the appointment of the Manager.
(2) The Manager may resign his or her office by giving to the Corporation 3 months notice in writing (or such shorter period as the Corporation may, in its discretion, agree to accept) of his or her intention so to do, and at the expiration of such period he or she is considered to have resigned his or her office.
(3) In the event of the absence of the Manager, the Corporation may with the approval of the Minister appoint any person to act as Manager upon such terms and conditions as it may determine; and any person so appointed may exercise all the powers and duties pertaining to the office of Manager under this Act.