For now, the U.S. Department of Labor will stand by an agency opinion letter stating that the value of employees’ stock options should be factored into regular pay rates for the purpose of overtime calculation, drawing increased criticism from employer groups and congressional Republicans.

The recently released Feb. 12, 1999 opinion letter has drawn criticism from employers, who claim the opinion would create an administrative nightmare of excessive and complicated calculations in order to offer stock options to employees covered by the overtime requirements of the Fair Labor Standards Act.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]