Guaranteed Compensation Which Includes Overtime Pay | Midpage

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Code of Federal Regulations

ECFRf9586448a14801e

Guaranteed Compensation Which Includes Overtime Pay

778.402The statutory exception provided by section 7(f) of the Act.778.403Constant pay for varying workweeks including overtime is not permitted except as specified in section 7(f).778.404Purposes of exemption.778.405What types of employees are affected.778.406Nonovertime hours as well as overtime hours must be irregular if section 7(f) is to apply.778.407The nature of the section 7(f) contract.778.408The specified regular rate.778.409Provision for overtime pay.778.410The guaranty under section 7(f).778.411Sixty-hour limit on pay guaranteed by contract.778.412Relationship between amount guaranteed and range of hours employee may be expected to work.778.413Guaranty must be based on rates specified in contract.778.414“Approval” of contracts under section 7(f).