Vermont Statutes Title 21 Sec. 1036
Terms Used In Vermont Statutes Title 21 Sec. 1036
- Client company: means a person who enters into an agreement with an employee leasing company to lease any or all of its regular employees. See
- Employee leasing agreement: means an agreement, executed between an employee leasing company and a client company, pursuant to which an employee leasing company provides one or more individuals to perform services for a client company on an ongoing basis. See
- Financial responsibility: means the current and expected future condition of financial solvency sufficient to support a reasonable expectation that an employee leasing company can successfully conduct its business without jeopardizing the interests of the employees leased to the client company or the public. See
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- leasing company: means a person engaged in the business of providing individuals to perform ongoing services for an indefinite time period for client companies pursuant to one or more employee leasing agreements executed between the leasing company and the client company. See
- Licensee: means an employee leasing company licensed under this chapter. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 1036. Employee leasing company; duties; deemed employer
(a) A licensee shall:
(1) Register with the following within 10 days after licensure under this chapter:
(A) The Department of Labor.
(B) The Department of Taxes.
(C) The Secretary of State.
(D) The U.S. Internal Revenue Service.
(2) Make timely payment of workers’ compensation premiums and unemployment compensation on all leased employees based on the experience rating of the client company to which the employees are leased.
(3) File all reports as required by this chapter and applicable law.
(4) Maintain financial responsibility and management competence.
(5) Provide notification of the employment arrangement to all employees leased pursuant to an employee leasing agreement within 10 days after executing the agreement.
(6) Keep any securities or bond in effect or retain accreditation, whichever was provided pursuant to subdivision 1033(b)(7) of this title during the period the license is valid.
(b) Except as provided in sections 1037 and 1038 of this title, an employee leasing company licensed under this chapter shall be deemed to be the employer for the payment of wages and other employment benefits due to leased employees pursuant to the employee leasing agreement. An employee leasing company shall implement an employee grievance system and provide to each leased employee a manual that outlines the terms and conditions of employment. (Added 1995, No. 173 (Adj. Sess.), § 1; amended 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006.)