Stock Options and Overtime Pay Calculation Under the Fair Labor Standards Act

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service

Language:

English

Subjects (All):

Hours of labor.

Securities.

Wages.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Washington, D.C.] [publisher not identified] 2000

Summary:

Examines Feb. 12, 1999, DOL opinion letter suggesting that stock options offered to employees might, under certain circumstances, be included as part of the regular rate calculation under which employers must pay workers covered under the Fair Labor Standards Act (FLSA) of 1938, and that employers who had made stock options available to their employees might be liable retroactively for increased rates of overtime pay. Considers Labor Policy Association response to DOL letter, and reviews legislation introduced to clarify FLSA provisions on overtime pay when stock options are concerned, including S. 2323 and H.R. 4109, both the Worker Economic Opportunity Act

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Congressional Research Service. Stock Options and Overtime Pay Calculation Under the Fair Labor Standards Act

Publisher Number:

CRS-2000-DSP-0019

Access Restriction:

Restricted for use by site license