Where overtime rates are paid pursuant to statute or contract for
hours in excess of 8 in a day, or in excess of the applicable maximum
hours standard, or in excess of the employees' normal working hours or
regular working hours (as under section 7(e)(5) or for work on ``special
days'' (as under section 7(e)(6), or pursuant to an applicable
employment agreement for work outside of the hours established in good
faith by the agreement as the basic, normal, or regular workday (not
exceeding 8 hours) or workweek (not exceeding the applicable maximum
hours standard) (under section 7(e) (7), the requirements of section
7(g) (1) and 7(g)(2) will be met if the number of such hours during
which overtime rates were paid equals or exceeds the number of hours
worked in excess of the applicable maximum hours standard for the
particular workweek. It is not necessary to determine whether the total
amount of compensation paid for such hours equals or exceeds the amount
of compensation which would be due at the applicable rates for work
performed during the hours after the applicable maximum in any workweek.
