a. The Fund shall be managed by an Administrative Committee composed of thirteen persons. Of these, the President or his substitute in case the President is absent, shall be appointed by the Cyprus Hotel Association, presiding over the General Meetings of representatives of the Provident Fund members. The Cyprus Hotel Association shall appoint six of the remaining twelve members of the Committee, four of them shall belong to the employers who are members of the Association, and two of them to the employees who are members of the Fund and are appointed subject to provision 3(a) of these Rules. The remaining six members shall come from the side of the workers, four of which must be members of the Provident Fund and elected by the members at an Annual General Meeting of the Representatives of the Fund; the other two shall be officials of the PEO and SEK trade unions respectively, appointed by them.
b. The members of the Administrative Committee shall elect the Secretary of the Fund from amongst them.
c. The Administrative Committee shall appoint, if it deems this to be necessary, salaried personnel to undertake the payment of contributions, the book keeping and the general work of the Fund in accordance with these Rules.
d. No sum of money may be withdrawn from the Fund, unless only for the purposes stipulated in the Regulations applicable for the time being and only subject to approval by the Administrative Committee.
e. The President, the Secretary and two members of the Administrative Committee coming from the workers side shall have the right to sign documents on behalf of the Provident Fund and commit same.