If an enterprise engaged in distribution of petroleum products
satisfies all the conditions specified in section 7(b)(3) as previously
discussed, the partial exemption provided by this section from the Act's
general overtime pay requirements will be applicable to all employees
employed by their employer in activities of the enterprise for which the
exemption was intended if, but only if, such employees are compensated
in accordance with the compensation requirements of section 7(b)(3) (see
Sec. 794.100).