Abacus Ltd. has a December 31 year-end. On 1 October 20X3, Abacus Ltd. enters into an agreement for an employee to retire early. This agreement is not part of a wider restructuring plan. The employee is 15 months away from his current retirement date. Under the plan, Abacus commits to continue paying the executive 50% of his salary for 1 year after the date of retirement; however, the executive will no longer be required to provide any service for this period. How would Abacus classify this plan under IAS 19? Termination benefits, as the executive has accepted early termination in exchange for compensation Short-term employee benefits, as the benefits are expected to be paid within 12 months of the executive’s last day of providing service Post-employment benefits, as the benefits are payable after the employee completes service