Any eligible employee who has accrued 120 hous of compensatory time off shall, for any additional overtime hours of work, be compensated with overtime pay. Time for time off must be taken in the same week as the overtime hours were worked. No special documentation is required if an employee takes time for time. The employee reports actual hours worked on the timesheet. If a non-exempt employee is approved for compensatory time, he or she earns 1.5 hours of compensatory time for every hour worked over 40.
Compensatory time earned is taken later than the week the overtime was worked.
If an employee is not given time for time off or does not earn compensatory time, the employee must receive overtime pay. Overtime pay is paid at the rate of 1.5 times regular rate of pay for each hour worked over 40. There are two ways to report the time for week 2. The employee will be paid for 44 hours at the regular rate of pay. Olive does not report the 4 hours of sick leave taken on Wednesday and is then paid for 40 hours at regular rate.