• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Congress clarifies: Stock options are benefits, not pay

by on
in Human Resources

If you give stock options to nonexempt workers, don't worry that the additional compensation will drive up their overtime pay. President Clinton has signed legislation making it clear that stock options don't need to be included in computing a worker's "regular rate of pay," which is used to calculate overtime pay.

The new law, P.L. 106-202, overturned a recent Labor Department ruling. The law doesn't take effect until August, but it also protects all stock plans in place before it was enacted.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/21426/congress-clarifies-stock-options-are-benefits-not-pay "

Related Articles...

    No matches

Leave a Comment