Sch 4 para 6
It is hereby declared for the avoidance of doubt that— (a) any contract of employment with the registered society in force immediately before incorporation is merely modified by the substitution of the name of the incorporated society as the employer (and is not terminated or varied in any other way); (b) any period of employment with the registered society shall count for all purposes as a period of employment with the incorporated society; and (c) the rights and liabilities referred to in section 6 above include any rights and liabilities subsisting immediately before incorporation— (i) under any agreement or arrangement for the payment of pensions, allowances or gratuities; or (ii) under the law of any country or territory outside the United Kingdom.