Section 2: (a) Every person who, in relation to the transferred undertaking on the day
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
2. (a) Every person who, in relation to the transferred undertaking on the day
immediately before the appointed day, is employed by the transferor bank shall
be entitled to be transferred to the transferee bank on terms and conditions
which shall be not less favourable than those of his previous employment at the
transferor bank.
(b) The period of service of every person employed by the transferor bank
who is transferred to the transferee bank shall be deemed to be an unbroken
period of service with the transferee bank.
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Banking Act
(c) No person employed by the transferor bank shall, on account of his
transfer to the transferee bank or any resulting change in his job title, be entitled
to claim that his employment has been terminated or adversely affected in
breach of any enactment.
(d) Any pension or similar scheme operated by the transferor bank for the
benefit of its employees on the day immediately before the appointed day shall,
as from the appointed day, be operated by the transferee bank.