Decoding 'Continuity of Service' in Labour Law

Kya aapke paas ek achhi example hai jo textbooks ko badal sakte hain? Main to bahut confuse ho gaya hoon continuity of service ka matlab. Maine bare act padha hai cover to cover 3 baar, lekin maine nahi samajha hai ki iski waja kya hai. Maine yeh sab samjhaya hai ki continuity of service ka matlab hai jab employee apne new contract par continue rah sakta hai, lekin kya yeh true hai? Ismein unki pension, bonus, aur seniority ka kya hoga? Koi example ya case hai jo iska clear picture dega?

(PS - Main to CLAT PG aur AILET PG student hoon, toh aapke help ki zaroorat hai!)