# The Trustee Savings Banks Act 1985 (Isle of Man) Order 1985, Paragraph 3


In section 3—
(a) for subsection (7) there shall be substituted the following subsection:—
“(7) The substitution effected by the foregoing provisions of this section of a body comprised in the new TSB group for a body comprised in the existing TSB group as employer under contracts of employment subsisting immediately before the vesting day shall have effect so that a period of employment subsisting immediately before the vesting day with a body comprised in the existing TSB group shall count for the purposes of the Contracts of Employment Act 1981 (an Act of Tynwald) as a period of employment with the successor to such body, and the change of employer shall not break the continuity of the period of employment.”
; and
(b) subsection (10) shall be omitted.

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Source: https://www.legislation.gov.uk/uksi/1985/1211/schedule/paragraph/3 (the official version)
Page: https://openlegislation.uk/trustee-savings-banks-act-1985-isle-of-man-order-1985/schedule/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.