Following the discussion, the Executive Committee decided:
- To approve the agreement between UNEP and the Executive Committee on the service of the Treasurer, as contained in Annex XIV to the present report, to be signed on behalf of the Executive Committee by the Chair;
- Also to approve an annual fee amounting to US $500,000, inclusive of annual inflation, effective 1 April 2004 continuing for the next five years, for UNEP for providing the service of the Treasurer, as indicated in Annex VI to the present report; and
- To request the Secretariat to ensure that the functions of Treasurer (Annex XIV) were clearly distributed between the P-4 and P-5 positions mentioned in document UNEP/OzL.Pro/ExCom/42/47/Rev.1.