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To qualify as an exempt executive, the employee must meet specific duties tests and either:
Because you responded that the employee meets none of the above compensation requirements, the employee does not appear to meet the tests to be considered an exempt executive employee. An employee who does not meet all of the tests for exemption is entitled to the minimum wage and overtime pay protections of the FLSA.
If you have further questions about your situation, you may want to review Fact Sheet 17B: Exemption for Executive Employees Under the FLSA or contact your local Wage and Hour Division office.