One year of continuous employment will be entitled to one week's pay for each completed year of employment. Indeterminate employees will also be entitled to a pro-rated week for a partial year of employment. Everyone, including term workers, with at least one year of continuous employment will be able to choose what to do with their accumulated severance: immediately cash out the severance they have accumulated, or keep their accumulated severance and have it paid out when they actually resign or retire, or