Typically done to celebrate a beloved person's departure. Used by soon-to-be-departed co-workers or friends to describe a party where the departing person(s) prepay a tab at any bar/club and allow friends/co-workers the opportunity to drink as much alcohol as possible until the tab runs out.
So what is a buyout?
Pursuant to Policy 250.1 (Buyouts and Celebrations):
(a) All Employees will, upon departing for a new assignment, be held liable to buy-out of their current position by hosting a going away party for their friends, co-workers, and others.
(b) The going away party will be hereby referred to as a BUY-OUT. The employee(s) will be responsible for providing drinks for the partygoers, up to a reasonable limit as defined by Subsection (e) and (f).
(c) Section (a) will apply to all employees under payroll including Ex-Patriate Resident and Rotational employees.
(d) Under no circumstances is the BUY-OUT to be hosted by the employee's family. The BUY-OUT will take place at a bar or other licensed facility.
(e) The minimum amount of donations required to finance a BUY-OUT will be $500.
(f) Employees may combine BUY-OUT efforts with other employees who are departing for a new assignment. Note that in addition to the applicable provisions in subsection (e), the MINIMUM BUY-OUT amount per employee will be $300. Insofar as they conflict, subsection (f) will prevail.
(g) All BUY-OUT's will expire after three (3) months. If an employee, taking advantage of subsection (f), fails to depart within three (3) months of his/her buyout, they shall be required to host another BUY-OUT.
Pursuant to Policy 250.1 (Buyouts and Celebrations):
(a) All Employees will, upon departing for a new assignment, be held liable to buy-out of their current position by hosting a going away party for their friends, co-workers, and others.
(b) The going away party will be hereby referred to as a BUY-OUT. The employee(s) will be responsible for providing drinks for the partygoers, up to a reasonable limit as defined by Subsection (e) and (f).
(c) Section (a) will apply to all employees under payroll including Ex-Patriate Resident and Rotational employees.
(d) Under no circumstances is the BUY-OUT to be hosted by the employee's family. The BUY-OUT will take place at a bar or other licensed facility.
(e) The minimum amount of donations required to finance a BUY-OUT will be $500.
(f) Employees may combine BUY-OUT efforts with other employees who are departing for a new assignment. Note that in addition to the applicable provisions in subsection (e), the MINIMUM BUY-OUT amount per employee will be $300. Insofar as they conflict, subsection (f) will prevail.
(g) All BUY-OUT's will expire after three (3) months. If an employee, taking advantage of subsection (f), fails to depart within three (3) months of his/her buyout, they shall be required to host another BUY-OUT.
by RichierichZ February 01, 2006
A statement used by any right minded indigenous UK resident upon witnessing yet another example of the increasing islamification of the once beautiful and proud British isles.
"Have you heard that wailing coming from the speakers on the mosque in Nelstan?"
"Aye - fucking disgrace. Pakis out"
"Aye - fucking disgrace. Pakis out"
by Nozzer August 24, 2006
Shortened form of "get the fuck out".
by CoconutBanana April 20, 2010
over-medicated to an extreme degree, and therefore appearing as if in a persistent vegetative state (see Gork, the acronym for God Only Really Knows).
That lady at the nursing home was WAY gorked out on her pain and nausea meds. When I get that old, please remember I have a DNG (Do Not Gork order).
by No Gifts Please January 16, 2007
Import vehicle that has been riced out typically has one too many mods that is only appealing to the owner of the vehicle. This includes body kits, euro tail lights, obviously too big for flight wing on trunk, possibly after market spray painted rims, and the car is usually more than one color if not it is a loud color; hot pink baby blue etc.
orange ef hatch with full body kit and loud exhaust rides next to you on the highway and tries to down shift as if looking clean.
HAHAHAH wtf riced out piece of shit.
HAHAHAH wtf riced out piece of shit.
by forever3kkkkkk February 11, 2012
Ted: 'sometimes you space out and don't even pay attention to what we're talking about!'
Barney(not paying attention): 'I'm sorry, what?'
Barney(not paying attention): 'I'm sorry, what?'
by Rudy85 February 07, 2008
One who possesses a great amount of swagger, which leads to the jealousy of those who do not posses it.
by heck5 January 19, 2011