8Contracts of employment
(1)Paragraph (1) of section 6 (Supplementary provisions as to transfer and vesting) of this Act applies to a contract for the employment of any person by plc; and employment with plc and A/S under any such contract shall be deemed for all purposes to be a single continuing employment.
(2)No director, secretary or auditor of plc shall by virtue only of this Act become a director, secretary or, as the case may be, auditor of A/S or become entitled to hold an equivalent position in relation to a company incorporated outside the United Kingdom.