Ohio Code 4133.01 – Definitions
As used in this chapter:
Terms Used In Ohio Code 4133.01
- Alternate employer organization: means a sole proprietor, partnership, association, limited liability company, or corporation that enters into an agreement with one or more client employers for purposes of providing human resource management services and sharing employer responsibility and liability. See Ohio Code 4133.01
- Alternate employer organization agreement: means a written contract between a client employer and an alternate employer organization to provide human resource management services and to share employer responsibilities and liabilities. See Ohio Code 4133.01
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Client employer: means a sole proprietor, partnership, association, limited liability company, or corporation that enters into an alternate employer organization agreement and shares employer responsibility and liability with the alternate employer organization. See Ohio Code 4133.01
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(A) “Alternate employer organization” means a sole proprietor, partnership, association, limited liability company, or corporation that enters into an agreement with one or more client employers for purposes of providing human resource management services and sharing employer responsibility and liability.
(B) “Alternate employer organization agreement” means a written contract between a client employer and an alternate employer organization to provide human resource management services and to share employer responsibilities and liabilities.
(C) “Client employer” means a sole proprietor, partnership, association, limited liability company, or corporation that enters into an alternate employer organization agreement and shares employer responsibility and liability with the alternate employer organization.
(D) “Trade secret” has the same meaning as in section 1333.61 of the Revised Code.
(E) “Working capital” means the excess of current assets over current liabilities as determined by generally accepted accounting principles.
(F) “Worksite employee” means an individual assigned to a client employer on a permanent basis, not as a temporary supplement to the client employer’s workforce, and who is employed by both an alternate employer organization and a client employer pursuant to an alternate employer organization agreement.