20-161F 20-161F . . . Executive Officer One-Year Incentive Plan under which each participant receives a cash award that is determined by a two-step process which considers both the performance of the corporation as a whole during the year and the individual performance of the participant
New Hampshire Executive Officer One-Year Incentive Plan
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US-CC-20-161F
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FAQ
Under New Hampshire law, an employer must grant a thirty minute meal break to any employee who works more than five consecutive hours unless it is feasible for the employee to eat during the performance of his or her work and the employer permits the employee to do so. RSA 2-a.
The DOL also proposes an increase in the annualized salary required to satisfy the highly compensated employee exemption from $107,432 to $143,988 and an automatic updating mechanism to update salary thresholds every three years.
Total cash compensation is the cumulative value of base salary plus any variable cash payouts. Your total cash compensation is defined as all cash payments earned during a year of full-time employment. Adding together your base salary and your variable pay gives you the total cash paid on an annual basis.
An hourly employee is paid for all time worked including overtime, if applicable. A salaried employee receives a fixed amount of money constituting compensation regardless of the quantity or quality of the work performed or of the number of days and hours which the work is performed (RSA 2; RSA 2-b).
Employers must establish a regular payday and pay employees at least once per calendar month. Payment of wages must be made within eight days of the end of the pay period. Employees who are not paid within this time frame are entitled to claim their unpaid wages, plus liquidated damages, under New Hampshire law.
If an employee is exempt from FLSA and any state, local, or union overtime laws, then it is legal to work 60 hours a week on salary. Some employers do pay exempt employees for overtime work through time-and-a-half, bonuses, or extra time off.