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Overtime Exemption for Stock Options Effective August 16, 2000, P.L.
106-202 amends the federal Fair Labor
Standards Act (FLSA) to exclude from overtime calculations income derived
from stock plans (i.e., stock options, stock appreciation rights, or
employee stock purchase plans) that meet FLSA standards.
Thomas: Text of Public Law 106 - 202
US DOL/Fair Labor Standards: eLaw Advisor
US DOL/Fair Labor Standards Act (as amended)
US
DOL: Release on Stock Options Bill
Benefit Link: Stock Option Law Clarifies Overtime Pay Issue President Clinton has signed the 'Worker Economic Opportunity Act' into law (P.L.106-202), which clarifies that amounts earned by certain employees from a range of stock-based programs are not counted as wages in determining their overtime pay.
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