The way the wage earner protection program works, the individual who makes an application will receive compensation for the unpaid wages, unpaid vacation pay, and, potentially as proposed, unpaid termination and severance pay when a claim is fully processed. That typically wouldn't actually happen within two weeks of somebody being terminated, for example, by a bankrupt employer. It takes time for trustees to assess the assets of the organization.
The first effort is always made to ensure that the individual is paid directly from the assets of the bankrupt company. If that proves impossible and the individual wants to file a claim under the wage earner protection program, then the claim will come forward and the Government of Canada will look at the validity of the claim and make payment. It wouldn't normally happen that somebody would be receiving compensation under the wage earner protection program during the two-week waiting period. It would come some time later.