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DOL/ESA RIN: 1215-AB31 Publication ID: Spring 2002 
Title: Stock Options, Stock Appreciation Rights, and Bona Fide Employee Stock Purchase Programs Under the Fair Labor Standards Act 
Abstract: The Worker Economic Opportunity Act, Public Law 106-202 (May 18, 2000), amended section 7(e) of the Fair Labor Standards Act to clarify how certain employer-provided stock option programs are to be treated for purposes of overtime pay. Certain programs meeting prescribed criteria would not have to be factored into the "regular rate" otherwise required when calculating "time-and-one-half" overtime premium pay for overtime hours of work. The legislation calls for regulations to be promulgated as necessary, which will include amendments to some of the existing regulations on overtime pay. 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 29 CFR 546    29 CFR 778   
Legal Authority: 29 USC 207(e)(8)    PL 106-202, sec 2(e)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/00/2002    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Tammy D. McCutchen
Administrator, Wage and Hour Division
Department of Labor
Employment Standards Administration
200 Constitution Avenue NW., FP Building Room S3502,
Washington, DC 20210
Phone:202 693-0051
Fax:202 693-1302