(1)A person in the service of ILEA may enter into a contract of employment with a successor authority for the rendering of services by him to that authority concurrently with his service to ILEA.
(2)Subsection (1) above has effect notwithstanding anything in a person’s contract of employment with ILEA and neither his entering into a contract of employment with a successor authority nor anything done by him in pursuance of such a contract shall be a ground for ILEA to terminate his employment.
(3)In this section “successor authority” means—
(a)an inner London council;
(b)the London Residuary Body; and
(c)any local authority other than an inner London council to which functions or property of ILEA will be transferred by order under section 168 of this Act.