Add Comment Question: How do I know how much termination pay I owe an employee. Can I give them a working notice. Answer: The amount of notice of termination or termination pay that you must give an employee depends on 3 main factors: the employee's years of service, age, and position. The only circumstance in which you will be required to give an employee actual "severance pay" as opposed to notice of termination is if your business has a payroll greater than $2.5 million annually and the employee has at least 5 years of service (pursuant to the Employment Standards Act, 2000). In this instance, the employee is entitled to severance pay (which cannot be provided as working notice) equal to 1 week per year and partial year of service, to a maximum of 26 weeks. Please contact our firm to discuss this matter further. Thank you. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.