(1) With respect to any individual employed in the Panama Canal Company or the Canal Zone Government
(A) who is transferred
(i) to a position in the Commission; or
(ii) to a position in an Executive agency or in the Smithsonian Institution the permanent duty station of which is in the Republic of Panama (including the area known before October 1, 1979, as the Canal Zone); or
(B) who is separated by reason of a reduction in force on September 30, 1979, and is appointed to a position in the Commission before April 1, 1980;
the terms and conditions of employment set forth in paragraph (2) of this subsection shall be generally no less favorable, on or after the date of the transfer referred to in subparagraph (A) of this paragraph or the date of the appointment referred to in subparagraph (B) of this paragraph, as the case may be, than the terms and conditions of employment with the Panama Canal Company and Canal Zone Government on September 30, 1979, or, in the case of a transfer described in subparagraph (A)(ii) of this paragraph which takes place before that date, on the date of the transfer.
(2) The terms and conditions of employment referred to in paragraph (1) of this subsection are the following:
(A) , (B) Repealed. Pub. L. 105–261, div. C, title XXXV, 3507(a), Oct. 17, 1998, 112 Stat. 2269.
(C) premium pay and night differential;
(D) reinstatement and restoration rights;
(E) injury and death compensation benefits;
(F) to (H) Repealed. Pub. L. 105–261, div. C, title XXXV, 3507(a), Oct. 17, 1998, 112 Stat. 2269.
(I) reduction-in-force rights;
(J) an employee grievance system, and the right to appeal adverse and disciplinary actions and position classification actions;
(K) veterans preference eligibility;
(L) holidays;
(M) saved pay provisions; and
(N) severance pay benefits.