(1) Where a member of the Agency, the chief executive or a member of the staff of the Agency is -
(a) nominated as a member of Seanad Éireann, or
(b) elected as a member of either House of the Oireachtas or to be a member of the European Parliament, or
(c) regarded pursuant to section 19 of the European Parliament Elections Act 1997 as having been elected to that Parliament, or
(d) elected or co-opted as a member of a local authority, he or she shall thereupon -
(i) in the case of a member of the Agency or the chief executive, cease to be a member of the Agency or the chief executive, as the case may be, and
(ii) in the case of a member of the staff of the Agency, stand seconded from employment by the Agency and shall not be paid by, or entitled to receive from, the Agency any remuneration or allowances for expenses in respect of the period commencing on such nomination or election, or when he or she is so regarded as having been elected or on such election or co-option, as the c