(1) The Director may resign office by writing signed by him or her and delivered to the Administrator.
(2) The Administrator must remove the Director from office if, and only if, the Director:
(a) except by reason of temporary illness, becomes incapable of performing the duties of his or her office; or
(b) is guilty of misbehaviour; or
(c) becomes bankrupt or insolvent, applies to take the benefit of a law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or makes an assignment of his or her remuneration for their benefit.