Section 9
of Bank Pertanian Malaysia Berhad Act 2008
ActIn forceProvision 9 of 20
Section 9
(1)
The Bank shall accept into its employment on the vesting date every person who immediately before that date is a member of the staff of the Bank Pertanian Malaysia and who was given an option by the Bank Pertanian Malaysia and has opted to serve as an employee of the Bank.
(2)
Every person who opts under subsection (1) to serve as an employee of the Bank shall be employed by the Bank on terms and conditions of service not less favorable than the terms and conditions of service to which he was entitled immediately before the vesting date.
(3)
The Bank shall not retrench any staff within the period of five years from the vesting date.