Hong Kong Ordinances

DAO HENG BANK LIMITED (MERGER) ORDINANCE - SECT 11

Pensions, provident funds and gratuity benefits

(1) The deeds and rules constituting or relating to the pension fund schemes
and the provident fund schemes established for the benefit of employees of the
transferring banks, and the gratuity benefits payable by the
transferring banks shall, on and from the appointed day, be construed and have
effect, so far as the context permits, as if for any reference therein to the
transferring banks there were substituted a reference to Dao Heng Bank.

(2) No officer or employee of a transferring bank who becomes an officer or
employee of Dao Heng Bank by virtue of this Ordinance shall, by virtue only of
this Ordinance, be entitled to participate in any pension fund scheme of,
provident fund scheme of, or gratuity benefits payable by Dao Heng Bank, and
no existing officer or employee of Dao Heng Bank shall, by virtue only of this
Ordinance, be entitled to participate in any pension fund scheme of, provident
fund scheme of, or gratuity benefits payable by a transferring bank.