- Jun 11, 2014
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- 33,950
Founding Member
It’s not uncommon for people to negotiate a resignation. I’ve known people who will give two weeks and then negotiate for various things to stay for 4 weeks. I wouldn’t be surprised if Mac went in saying that he’d be willing to resign if they paid him a pro-rata buyout. He’s offering them an opportunity to cut ties with minimal scrutiny to the school. Instead he did what he did and really made a mess. If he had offered a resignation with a negotiated buyout, we’d been foolish to not negotiate it down and accept. Lot’s of if’s. But, negotiated resignations aren’t really rare.
It’s rare to pay out a contract on a resignation unless it explicitly states in the contract that they will be paid some sort of buyout or severance in the case of a resignation.
I run contracts all the time and the only time that I normally see any money being paid to the resignor is for already earned monies (Or if the contract explicitly states some sort of severance in the event of a resignation).
Now - I would agree that negotiations do tend to happen in forced resignations. But resigning under your own free will would not be the catalyst to have a company pay out extra money for the hell of it. In my experience.