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Section : Section 316
Domain : Human Resource Management
Classification : Not Identified
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it is not practicable for the new employer to provide those benefits to the transferring employee; then the guarantee of annual earnings is taken to be varied so that, instead of the entitlement to those benefits, the transferring employee is entitled to an amount of money that is equivalent to the agreed money value of those benefits. (6) This section does not affect the rights and obligations of the old employer that arose before the transfer time in relation to the guarantee of annual earnings.