An Employer Can Waive or Reduce the Federal Overtime Pay

question 7

True/False

An employer can waive or reduce the federal overtime pay requirements if the waiver or reduction is applied to all otherwise eligible and ineligible employees.

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Definitions:

Frustration of Purpose

A legal doctrine that allows parties to be relieved from their contractual obligations if an unforeseen event undermines the contract's original purpose.

Substantial Performance

Contract performance that occurs when nearly all the terms of the agreement have been met, there has been an honest effort to complete all the terms, and there has been no willful departure from the terms of the agreement.

Unforeseen Circumstances

Events that a reasonable person would not be expected to anticipate.

Hybrid Rose

A type of rose plant specifically bred for certain desirable qualities, such as color, fragrance, or resilience, by crossing different types of roses.