Okla. Stat. tit. 40, § 40-2-419
This is the official text of Okla. Stat. tit. 40, § 40-2-419, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.
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Acceptance of accelerated buyout of employment contract
Official statutory text
- Definition.
An individual shall be disqualified for unemployment benefits if
that individual has accepted an accelerated buyout of a written
employment contract from the employer. Disqualification under this
section shall continue for the full period of unemployment next
ensuing after the individual has accepted the contract buyout
connected with the work of the individual and until such individual
has become reemployed and has earned wages equal to or in excess of
ten times the weekly benefit amount of the individual.
For purposes of this section, “accelerated buyout” shall mean a
purchase of the remaining terms of a written employment contract in
a single payment of One Hundred Thousand Dollars ($100,000.00) or
more.
An individual shall be disqualified for unemployment benefits if
that individual has accepted an accelerated buyout of a written
employment contract from the employer. Disqualification under this
section shall continue for the full period of unemployment next
ensuing after the individual has accepted the contract buyout
connected with the work of the individual and until such individual
has become reemployed and has earned wages equal to or in excess of
ten times the weekly benefit amount of the individual.
For purposes of this section, “accelerated buyout” shall mean a
purchase of the remaining terms of a written employment contract in
a single payment of One Hundred Thousand Dollars ($100,000.00) or
more.
Status: in_force · Read it on the official government site
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