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Content Last Revised: 10/22/70
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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29  

Labor

 

Chapter V  

Wage and Hour Division, Department of Labor

 

 

Part 794  

Partial Overtime Exemption for Employees of Wholesale or Bulk Petroleum Distributors Under Section 7(B)(3) of the Fair Labor Standards Act

 

 

 

Subpart B  

Exemption From Overtime Pay Requirements Under Section 7(b)(3) of the Act

29 CFR 794.125 - Grace period of 1 month for compliance.

  • Section Number: 794.125
  • Section Name: Grace period of 1 month for compliance. 
    Where it is not practicable to compute the annual gross volume of 
sales under Sec. 794.123 or Sec. 794.124 in time to determine 
obligations under the Act for the current quarter, an enterprise may use 
a 1-month grace period. If this 1-month grace period is used, the 
computations made under those sections will determine its obligations 
under the Act for the 3-month period commencing 1 month after the end of 
the preceding calendar or fiscal quarter. Once adopted the same basis 
must be used for each successive 3-month period.
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