The BBC understands that Northern Ireland Water boss Trevor Haslett has reversed his plans to resign and hopes to stay at the company.Acting chief executive Mr Haslett wanted security of tenure with a two-year contract and a £20,000 pay rise.That request was initially overruled by Stormont, but it now seems it will be approved by Regional Development Minister Danny Kennedy at least.However, the deal needs the approval of Finance Minister Sammy Wilson.Mr Haslett had told the publicly-owned company that he intended to go last week.Northern Ireland Water confirmed this position on Wednesday, then on Thursday said no resignation letter had been received.It is clear that negotiations continued at the company and with the Department for Regional Development, which is the company\'s sole shareholder on the public\'s behalf.A spokesman for the department said: \"The chair of NI Water has put proposals to DRD about his chief executive\'s terms and conditions.\"Under NI Water\'s governance arrangements such proposals have to be approved by DRD and DFP.\"This is the normal approval process