(1) On and from the commencement day, a person employed by the former body immediately before that day, including a person holding office as a result of an appointment made by the Board under section 9(5) or 13(1) of the Baker Medical Research Institute Act 1980 as in force immediately before its repeal, is to be taken as—
(a) having been employed by the new body; and
(b) having been so employed on the same terms and conditions as those that applied to the person immediately before the commencement day as an employee of the former body; and
(c) having accrued an entitlement to benefits, in connection with that employment with the new body, that is equivalent to the entitlement that the person had accrued, as an employee of the former body, immediately before the commencement day.
(2) The service of a transferred employee as an employee of the new body is to be taken for all purposes as having been continuous with the service of the transferred employee, immediately before the commencement day, as an employee of the former body.