Question $24(1$ point$)$

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What is the minimum termination and severance payment required under Ontario's ESA for an employee who has worked for an employer for $12\frac{1}{2}$ years and who is terminated without cause?

$($The employer has an annual payroll of $$4$ million.$)$

$8$ weeks' notice or pay in lieu and $12\frac{1}{2}$ months' severance pay

$8$ weeks' notice or pay in lieu and $12\frac{1}{2}$ weeks' severance pay

${12}^{\frac{1}{2}}$ weeks' notice or pay in lieu and ${12}^{\frac{1}{2}}$ weeks' severance pay

$12$ weeks' notice or pay in lieu and $12\frac{1}{2}\frac{?}{2}$ weeks' severance pay