Every elective county official holding office on the effective date of this amended charter, whose office is eliminated or made appointive by the terms of this amended charter, shall continue in county employment at as nearly a similar position as possible and shall receive not less than the same rate of compensation which such official was receiving on the effective date of this amended charter for the remainder of the term for which such official was elected.

Thereafter, such official shall be entitled to be appointed at the same rate of compensation to an executive position subject to all of the rules of the personnel system, except for the rules concerning initial appointment.