Highly Compensated Executive Employee
Employees who meet the four criteria below are bona fide highly compensated executive employees under DOL’s revised exemption regulations.
- Is the employee’s total annual compensation at least $107,432?
- Is the employee paid a minimum of $684 per week exclusive of board, lodging or other facilities?
- Is the employee paid on a salary basis? With certain limited exceptions he or she must:
- Experience no reduction in salary for variations in the quality and quantity of work;
- Experience no deduction for partial-day absences; and
- Receive each pay period a pre-determined amount constituting all or part of his or her compensation; or
- Pay deductions are based on the principle of public accountability. 29 C.F.R. § 541.710
- Does the employee regularly and customarily perform one or more exempt duties? 29 C.F.R. § 541.601