35.—(1) Where this Part applies, the LGSS employer may before the end of the period of six months beginning with the material date determine to pay compensation of an amount not exceeding a sum equivalent to 66 weeks' remuneration or, if it is less–
(a)in the case of an employee who has attained the age of 18 but not 20 on that date, one half week’s remuneration for each complete year of qualifying employment after attaining the age of 18;
(b)in the case of an employee who has attained the age of 20 but not 23 on that date, one half week’s remuneration–
(i)for each complete year of qualifying employment after attaining the age of 18; and
(ii)for each complete year of qualifying employment after attaining the age of 20;
(c)in the case of an employee who has attained the age of 23 but not 41 on that date, two weeks' remuneration for each complete year of qualifying employment after attaining the age of 18;
(d)in the case of an employee who has attained the age of 41 on that date–
(i)two weeks' remuneration for each complete year of qualifying employment after attaining the age of 18; and
(ii)three weeks' remuneration for each complete year of qualifying employment after attaining the age of 41.
(2) If any redundancy payment is made to the employee, an amount equivalent to it shall be deducted from the amount of the compensation otherwise payable to him under this Part.