FLSA Exempt Employees. a) Employees whose rate of pay does not exceed the maximum rate for GS-10 (i.e. Step 10) may request to receive compensatory time off in lieu of overtime pay for irregular or occasional overtime. Such requests will normally be granted, subject to mission requirements. If the employee does not make such a request, or if the Employer does not approve that request, the employee is entitled to compensation in accordance with Section 2. b. above. b) The Employer may require that employees whose rate of pay exceeds the maximum rate for GS-10 (i.e., Step 10) be compensated for irregular or occasional overtime with compensatory time in lieu of overtime pay c) Compensatory time earned normally will be used within twenty-six (26) pay periods from when it was earned. All compensatory time not scheduled and used by the employee by the end of twenty-six (26) pay periods will be converted to overtime pay, computed using the employee’s rate of pay as of when the overtime pay was earned.
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Samples: Labor Agreement, Labor Agreement, Labor Agreement