Exempt on paper, hourly in practice, and overtime can’t be waived
“Compensation is payable at $48 per hour on a bi-weekly cycle… 1This role is classified as exempt, meaning Employee will not be eligible for overtime pay. Employee shall record actual start and end times each day… Employee shall not work more than 40 hours per week without prior written approval from the assigned Manager.”
1The FLSA requires overtime at one and a half times the regular rate for hours over forty for non-exempt employees; a contract clause purporting to waive that is void.
New York sets its own salary thresholds and requires a genuine salary basis: a fixed amount that does not vary with hours. A role paid hourly, tracked by timesheet and needing approval for overtime fits exempt status poorly. If the classification is wrong, overtime is owed at about $72 an hour past forty, and the back-pay exposure is the employer’s.
Settle the classification before signing: non-exempt with overtime, or a genuine salary at or above the New York threshold.