Oklahoma Statutes
§ 40-2-419 — Acceptance of accelerated buyout of employment contract
Oklahoma·Title 40 Labor
- 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Oklahoma § 40-2-419 (Acceptance of accelerated buyout of employment contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Laws 2004, c. 88, § 1, emerg. eff. April 13, 2004.
Nearby Sections
15
§ 40-1-101
Short title.§ 40-1-102
Purpose of Act.§ 40-1-103
Declaration of state public policy.§ 40-1-104
Saving clause.§ 40-1-106
Section captions.§ 40-1-107
Construction against implicit repeal.§ 40-1-109
Unemployment benefits impact study.§ 40-1-201
General definitions.§ 40-1-202.1
Extended Base Period.§ 40-1-202.2
Repealed§ 40-1-202A
Renumbered§ 40-1-202B
Renumbered§ 40-1-208
Employer.