Under federal law, however, there are eight categories of payments which are not included in the regular rate: gifts; vacation, holiday or sick leave, or travel expenses; discretionary bonuses; fringe benefit plans, like retirement trusts; premium overtime pay; holiday or weekend overtime pay; non-overtime premium pay agreed upon in a collective bargaining agreement; and specific stock option compensation payments.
What does POT stand for?
POT stands for Premium Overtime
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of POT
We have 69 other meanings of POT in our Acronym Attic
- Porterville (Amtrak station code; Porterville, CA)
- Position of Trust (Australia)
- Positional Orthostatic Tachycardia (syndrome)
- Post-Operative Treatment
- Potion (gaming)
- Power Over Time (gaming)
- Power-On Test
- Pre-Operational Testing (engineering)
- Pre-Overhaul Test
- Prince of Tennis (anime)
- Principles of Technology
- Progress, Ownership and Transparency (project characteristics; various organizations)
- Proof of Technology
- Proof of Time
- Public Off Topic
- Purchase Order Text (government procurement)
- Purchase Order Tracking
- Pre-Overhaul Test & Inspection
- Protection of Telomeres 1 (protein)
Samples in periodicals archive:
THE weekend before last, I was amazed to see council workers cutting grass verges on premium overtime rates.
However, the disadvantages may include the cost of premium overtime rates; inefficiency if employees slow down their pace of work in order to qualify for overtime; and fatigue, which may increase absence levels and lead to unsafe working practices.
And if they work more than the standard 38 hours, they get a premium overtime rate.
Because their work was not being done, other employees were being paid premium overtime rates to get the jobs done.
Total daily or weekly straight-time earnings or wages due for hours worked during the workday or workweek, exclusive of premium overtime compensation.