Define: Compensatory Leave

How is Compensatory Leave defined in a legal contract?

• Compensatory Leave means leave with pay as a substitute for overtime payment. The length of this leave equals the overworked time multiplied by the appropriate overtime fee. The payment rate an employee receives during this leave is dependent on the employee's calculated hourly wage from their appointment [attachment]. Seen in 122 SEC filings.
• Compensatory Leave means leave with pay instead of overtime payment, travelling time, and timely call-back compensation. The duration of the leave is equal to the compensated time or a set [number] entitlement times the appropriate overtime rate. The salary a worker gets during this time off is dependent on the worker's calculated hourly wage from their appointment [attachment]. Seen in 71 SEC filings.
• Compensatory Leave means a leave provided with pay rather than a payment as stated in this collective agreement, and it gets computed and credited to an employee at the same applicable overtime rate as if the overtime had been compensated monetarily. Seen in 51 SEC filings.
• Compensatory Leave means leave with pay in place of overtime payment. The value of this leave equates to the money that would have otherwise been paid. Seen in 39 SEC filings.
• Compensatory Leave means equivalent leave with pay instead of money payment. Seen in 17 SEC filings.
• Compensatory Leave means accrued leave resulting from overtime, call back, holidays, or holiday work. Seen in 14 SEC filings.
• Compensatory Leave means leave with pay instead of payment by cheque as provided in Articles 11 and 12 - Overtime, Call-Back Pay, and Article 28 - Travelling. The leave is computed and credited to an employee at the same overtime rate as monetary compensation. Seen in 14 SEC filings.
• Compensatory Leave means leave with pay instead of overtime payment, travelling time compensated at an overtime rate, call-back, and standby. Seen in 13 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of compensatory leave' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Compensatory Leave means paid leave provided in place of overtime payment, calculated based on the overtime rate and duration.

Relevant Contract Types

• Employment Agreement
• Collective Bargaining Agreement
• Temporary Employment Contract
• Part Time Employment Agreement
• Overtime Agreement

Relevant Circumstances

• During overtime calculations
• When determining leave duration and compensation
• When dealing with employees working beyond normal working hours
• When drafting employment agreements including time-related compensations

Relevant Sectors

• Human Resources
• Legal
• Healthcare
• Education
• Technology

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