Section 1 Short title
This Act may be cited as the “Employee Bonus Protection Act”.
Employee Bonus Protection Act
A BILL
To amend the Fair Labor Standards Act of 1938 to provide that an employee’s regular rate for purposes of calculating overtime compensation will not be affected by certain additional payments.
Sec. 2 Regular rate for overtime purposes
Section 7(e) of the Fair Labor Standards Act of 1938 is amended—
by inserting before the semicolon at the end of paragraph (3) the following: “; or (d) the payments are made to reward an employee or group of employees for meeting or exceeding the productivity, quality, efficiency, or sales goals as specified in a gainsharing plan, incentive bonus plan, commission plan, or performance contingent bonus plan”; and
by adding at the end the following: