Rewarding Performance in Compensation Act
Last action on Jul 31, 2001Subcommittee Hearings Held.
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Summary
Rewarding Performance in Compensation Act - Amends the Fair Labor Standards Act of 1938 to provide that an employee's regular pay rate, for purposes of calculating overtime compensation, will not be affected by additional payments to reward an employee or group of employees for meeting or exceeding productivity, quality, efficiency, or sales goals under a gain sharing, incentive bonus, commission, or performance contingent bonus plan.
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