Okla. Stat. tit. 40, § 40-2-419: Acceptance of accelerated buyout of employment contract

- 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.