The section 7(f) contract must provide for compensation at not less
than one and one-half times the specified regular rate for all hours
worked in excess of the applicable maximum hours standard for the
particular workweek. All excessive hours, not merely those covered by
the guarantee, must be compensated at one and one-half times (or a
higher multiple) of the specified regular rate. A contract which
guaranteed a weekly salary of $169, specified a rate of $3.60 per hour,
and provided that not less than one and one-half times such rate would
be paid only for all hours up to and including 46\2/3\ hours would not
qualify under this section. The contract must provide for payment at
time and one-half (or more) for all hours in excess of the applicable
maximum hours standard in any workweek. A contract may provide a
specific overtime rate greater than one and one-half times the specified
rate, for example, double time. If it does provide a specific overtime
rate it must provide that such rate will be paid for all hours worked in
excess of the applicable maximum hours standard.
[46 FR 7317, Jan. 23, 1981]
