(1)This section applies to any contract made after 20th November 1987 between—
(a)a local education authority in their capacity as such an authority;
(b)the governing body of an aided or grant-maintained school; or
(c)the governing body of a relevant institution;
and any person employed by them, not being a contract made in contemplation of the employee’s pending dismissal by reason of redundancy.
(2)In so far as a contract to which this section applies provides that the employee—
(a)shall not be dismissed by reason of redundancy; or
(b)if he is so dismissed, shall be paid a sum in excess of the sum which the employer is liable to pay him under section 81 of the [1978 c. 44.] Employment Protection (Consolidation) Act 1978,
the contract shall be void and of no effect.
(3)In this section—
“governing body”, in relation to an institution, includes a body corporate established for the purpose of conducting that institution;
“relevant institution” means any institution within the PCFC funding sector and any institution (other than an institution falling within section 202(3) of this Act) which—
provides higher education or further education (or both); and
is either a designated assisted institution or an institution which is grant-aided or eligible to receive aid by way of grant.