(a) The statute provides that the guaranty must be a weekly
guaranty. A guaranty of monthly, semimonthly, or biweekly pay (which
would allow averaging wages over more than one workweek) does not
qualify under this paragraph. Obviously guarantees for periods less than
a workweek do not qualify. Whatever sum is guaranteed must be paid in
full in all workweeks, however short in which the employee performs any
amount of work for the employer. The amount of the guaranty may not be
subject to proration or deduction in short weeks.
(b) The contract must provide a guaranty of pay. The amount must be
specified. A mere guaranty to provide work for a particular number of
hours does not qualify under this section.
(c) The pay guaranteed must be ``for not more than 60 hours based on
the rate so specified.''
