Exempt Employees definition

Exempt Employees means certain non-investment employees who are not involved directly in managing client accounts but who may, in the course of their normal work duties, have access to MNPI and/or issuer-specific information. These individuals may include members of senior management and personnel in Legal, Operations, Risk, Accounting or Compliance, as well as their respective support staff.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Exempt Employees means those Employees in administrative, executive, and professional positions as defined under the Fair Labor Standards Act, who are not subject to the overtime compensation provisions of the Act.

Exempt Employees means those Employees employed in positions classified as “exempt” under the Fair Labor Standards Act of 1938, as amended.

Examples of Exempt Employees in a sentence

• Exempt Employees who move to civil service positions or who are granted civil service status pursuant to legislation shall not have the transaction considered as promotions, transfers, or demotions.

• Exempt Employees who meet all of the conditions listed below shall not be disciplined without proper cause.

• Code "E" – (FLSA Exempt) Employees exempt from FLSA are eligible for straight cash or compensatory time off.

• It is understood and agreed by the parties that the Contributory Pension Plan for OPSEU and Exempt Employees of Trent University" (Amended July 1, 2001) as amended from time to time, forms part of this Collective Agreement and, insofar as it relates to members of the OPSEU bargaining unit, may only be altered or amended by mutual agreement of both parties.

• Essential, Exempt Employees who report in accordance with their departmental plan will be credited with compensatory leave of one hour for each hour worked.

More Definitions of Exempt Employees

Exempt Employees means those Employees deemed by the Authority pursuant to the Fair Labor Standards Act, who are not subject to the overtime compensation provisions of the Act.

Exempt Employees means employees who are not eligible for overtime under the Act.

Exempt Employees means Employees who are classified as “exempt” under the FLSA, which generally means Employees are paid on a salary basis and are exempt from the payment of overtime.

Exempt Employees means employees who satisfy the requirements for “exempt employees” under the Fair Labor Standards Act and/or are paid salaries.

Exempt Employees means those employees excluded from the overtime provisions of the FLSA, including all employees employed in a bona fide executive, administrative, or professional capacity (including any employee employed in the capacity of academic administrative personnel or teacher in elementary or secondary schools) or as computer systems analysts, computer programmers, software engineers, and other similarly skilled computer employees. Exempt employees are paid a monthly salary.

Exempt Employees means and include all management employees who are not eligible for overtime pay and are paid on a salary basis.

Exempt Employees means those employees identified by the human resources director as being exempt under the Fair Labor Standards Act from receiving pay for overtime worked.