Examlex
Groups of at least 50 individuals who contribute higher dollar amounts than individuals within federal limits are known as
Disclaimer
In employment law, a statement that regardless of provisions or policies in an employment handbook and regardless of oral promises to the contrary, an employment-at-will situation still exists between an employer and its employees. In the accounting profession, a statement declaring that an auditor has decided not to give any opinion on a firm’s financial records.
Exempt Employee
An employee who is exempt from overtime pay and minimum wage requirements, typically based on their job duties and salary level.
FLSA
The Fair Labor Standards Act, a US labor law that sets out minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.
Exempt Workers
Employees not covered by the Fair Labor Standards Act (FLSA), often not eligible for overtime pay due to their job type.
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