Derrick works as a carpenter earning $78,000 per year plus vacation pay. He has been working there for three years and four months. Unfortunately, not only has his job been eliminated, his entire plant is being shut down. A total of 477 people are losing their jobs. Derrick has asked you what his entitlements are in this situation. Calculate and explain his entitlements. How would you answer change if he had 19 years and four months seniority?