A "buyout program" is when a company offers money or other incentives to employees in order to encourage them to voluntarily leave their jobs or retire early. Full definition
The community buyout program in which neighborhoods can opt in to have the state buy out their entire neighborhood will also close April 11 (wamc.org)
Molinaro also said he's been hard at work creating maps for people who are interested in Governor Andrew Cuomo's recently announced buyout program for homeowners in flood zones, and said he is crafting a needs statement for help for the island's two hospitals in the wake of Sandy. (dnainfo.com)
Cuomo announced on Feb. 25 that the Fox Beach community, which is a subsection of the larger Oakwood neighborhood, would be the testing ground of his general buyout program designed to return parts of the seashore to a natural state to create a storm buffer. (foxbeach165.com)