§ 40-2-901. Definitions.

As used in this act:

1.  "Affected unit" means a specified department, shift or other unit of two or more employees that is designated by an employer to participate in a shared work plan;

2.  "Fringe benefit" means health insurance, a retirement benefit received under a pension plan, a paid vacation day, a paid holiday, sick leave, and any other analogous employee benefit that is provided by an employer;

3.  "Fund" means the Unemployment Trust Fund established by Section 3-605 of Title 40 of the Oklahoma Statutes;

4.  "Normal weekly hours of work" means the lesser of forty (40) hours or the average obtained by dividing the total number of hours worked per week during the preceding twelve-week period by the number twelve;

5.  "Participating employee" means an employee who works a reduced number of hours under a shared work plan;

6.  "Participating employer" means an employer who has a shared work plan in effect;

7.  "Commission" has the same meaning as set out in Section 1-206 of Title 40 of the Oklahoma Statutes;

8.  "Shared work benefit" means an unemployment compensation benefit that is payable to an individual in an affected unit because the individual works reduced hours under an approved shared work plan;

9.  "Shared work plan" means a program for reducing unemployment under which employees who are members of an affected unit share the work remaining after a reduction in their normal weekly hours of work; and

10.  "Shared Work Unemployment Compensation Program" means a program designed to reduce unemployment and stabilize the work force by allowing certain employees to collect unemployment compensation benefits if the employees share the work remaining after a reduction in the total number of hours of work and a corresponding reduction in wages.

Added by Laws 2010, c. 344, § 2, eff. July 1, 2010.