A buyout is a one-time payment made to an employee when they leave the company. Buyouts are typically agreed upon before an employee resigns, and are used to prevent the employee from working for a competitor for a set period of time.
When drafting a buyout agreement, there are three main clauses to consider:
1) the amount of money that will be paid, 2) who will be responsible for paying it, and 3) when the payments will be made.
So, as per the terms and conditions agreed, your buyout must be paid by your employer accordingly.
From India, Noida
17When drafting a buyout agreement, there are three main clauses to consider:
1) the amount of money that will be paid, 2) who will be responsible for paying it, and 3) when the payments will be made.
So, as per the terms and conditions agreed, your buyout must be paid by your employer accordingly.
From India, Noida
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