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Quantitative Finance · Glossary

What is Working-time opt-out, exempt employee?

Also known as: working-time opt-out · exempt employee

Definition 26.4 The Industry: Firms, Roles and Careers · Chapter 26 — Hours, Rhythm and Intensity

A working-time opt-out is a worker’s written agreement, allowed by EU law where a Member State chooses and by UK law, to work more than an average of 48 hours a week; it can be withdrawn on notice. An exempt employee, in US law, is one whom the Fair Labor Standards Act’s overtime rules do not cover because of the job’s duties and a minimum salary.

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