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(1) The President, a Deputy President or a Commissioner holds office on a full-time basis. (2) A Deputy President or a Commissioner may perform his or her duties on a part-time basis, with the President's approval. Minimum Wage Panel Members (3) A Minimum Wage Panel Member holds office on a part-time basis. (1) The President, a Deputy President or a Commissioner holds office until the earliest of the following: (a) he or she attains the age of 65 years; (b) he or she resigns or the appointment is terminated under this Part. Members of a prescribed State industrial authority (2) Despite subsection (1), a person who is a member of a prescribed State industrial authority may be appointed as a Deputy President or Commissioner for a period specified in the instrument of appointment. Note: a Deputy President or Commissioner (see section 631). (3) If a person is so appointed, the person holds office as Deputy President or Commissioner until the earliest of the following: (a) the specified period ends; (b) the person ceases to be a member of the prescribed State industrial authority;