Section 530. Job security for track employees

Plans  of operation of
  regional off-track betting corporations shall include provision for  job
  security  for employees of racetracks within each region compatible with
  and in furtherance of the objectives of this article and subject to  the
  approval of the state racing and wagering board. Job security agreements
  that  may  be  concluded  from  time  to time after July first, nineteen
  hundred seventy-three between track employee organizations and  the  New
  York  city off-track betting corporation or any other regional off-track
  betting corporation shall be subject to the approval of  the  board  and
  when  approved  shall  be deemed a part of the plan of operation of such
  corporation and any other regional corporation; provided, however,  that
  nothing  in this article or any other provision of this chapter shall be
  construed to require or empower  the  board  to  abrogate  job  security
  agreements  between  the New York city off-track betting corporation and
  any track employee organization,  in  effect  on  July  first,  nineteen
  hundred  seventy-three  and  any  such contracts shall be deemed to be a
  part of the plan of operation of such corporation.