The salary to be taken into consideration for the calculation of the redundancy payment is, according to the formula that is most advantageous for the employee:
1° Either the monthly average of the last twelve months preceding the redundancy, or where the employee’s length of service is less than twelve months, the monthly average of the remuneration for all the months preceding the redundancy;
2° Or one third of the last three months. In this case, any annual or exceptional bonus or gratuity paid to the employee during this period is taken into account only up to the limit of an amount calculated accordingly.