s 35
(1) Every person who immediately before the Triceferof appointed date was employed as an officer or servant servants. of the Perbadanan shall, at his option, be transferred on that date from the service of the Perbadanan to the service of the Lembaga upon such terms and conditions of service as may be agreed upon. (2) Nothing in this section shall be deemed to affect the right of the Lembaga to terminate the employment of such officer or servant transterred to the service ot the Lembaga, or to vary his rate of pay or terms and conditions of service, in the manner and to the extent that the Perbadanan could have done had he continued in the service of the Perbadanan.