2014 Virginia Code
Title 60.2 - Unemployment Compensation
§ 60.2-700. (Effective January 1, 2015; for contingent expiration dates - see notes) Definitions
As used in this chapter, unless the context requires a different meaning:
"Affected unit" means a specific plant, department, shift, or other definable unit of an employing unit that has at least two employees to which an approved short-time compensation plan applies.
"Approved short-time compensation plan" means a plan that is approved by the Commission as provided by this chapter.
"Health and retirement benefits" means employer-provided health benefits, and retirement benefits under a defined benefit pension plan as defined in § 414(j) of the Internal Revenue Code or contributions under a defined contribution plan as defined in § 414(i) of the Internal Revenue Code, that are incidents of employment in addition to the cash remuneration earned.
"Program" means the short-time compensation program established pursuant to this chapter.
"Short-time compensation" means the unemployment benefits payable to employees in an affected unit under an approved short-time compensation plan, as distinguished from the unemployment benefits otherwise payable under the unemployment compensation provisions of a state law.
"Short-time compensation plan" or "plan" means a plan submitted by an employer for approval by the Commission, under which the employer requests the payment of short-time compensation to workers in an affected unit of the employer to avert layoffs.
"Unemployment compensation" means the unemployment benefits payable under this title other than short-time compensation and includes any amounts payable pursuant to an agreement under any federal law providing for compensation, assistance, or allowances with respect to unemployment.
"Usual weekly hours of work" means the usual hours of work for full-time or part-time employees in the affected unit when that unit is operating on its regular basis, not to exceed 40 hours and not including hours of overtime work.
2014, c. 818.
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