(1) An executive
officer who has an entitlement under section 58(3) to employment may elect in
writing to take compensation under section 59 instead of exercising that
entitlement.
(2) On an election
under subsection (1) taking effect, the executive officer concerned —
(a)
ceases to have the entitlement under section 58(3); and
(b)
becomes entitled to compensation under section 59.