(1) This article shall apply to any person (a “designated employee”) who:—
(a) immediately before 1st April 1995 (“the reorganisation date”) was employed by the Medina Borough Council or the South Wight Borough Council;
(b) whose employment would continue but for the abolition of those two councils; and
(c) whose name is mentioned in the Schedule to this Order.
(2) The contract of employment of any designated employee shall not be terminated on the reorganisation date but shall have effect as if originally made between the designated employee and the Isle of Wight Council.
(3) This article shall have effect in relation to a designated employee whether or not he is an employee to whom The Transfer of Undertakings (Protection of Employment) Regulations 1981 would otherwise apply, but is without prejudice to any provision of those regulations which applies to any such employee.