<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RCU6ReSCEN31kllOAIaq5Ut">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RiYwKEna4NZ311TVYJ2yCj"/>
  <rdfs:label>Overtime Pay</rdfs:label>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/RX4IL0dBTdT6NybOqieEPR"/>
  <skos:definition>Overtime pay refers to the additional compensation provided to employees who work hours in excess of what is considered standard or regular for a given period, typically a workweek. The rate for overtime pay is often higher than the employee's regular hourly wage, commonly set at one and a half times the standard rate or more, depending on labor laws and employment contracts.</skos:definition>
</owl:Class>