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Simple English definitions for legal terms
comp time
Read a random definition: Revenue Procedure
A quick definition of comp time:
Term: Comp Time
Definition: Comp time is when an employee is given time off from work instead of getting paid extra money for working overtime. This time off is also called compensatory time.
A more thorough explanation:
Definition: Comp time is time off from work that an employee can take instead of being paid for overtime already worked. It is also known as compensatory time.
- An employee works 10 hours of overtime in a week and is given 10 hours of comp time to use at a later date instead of being paid for the overtime.
- A nurse works an extra shift and is given comp time to use for a future day off instead of being paid for the extra hours worked.
These examples illustrate how comp time works. Instead of receiving extra pay for working overtime, the employee is given time off to use at a later date. This can be beneficial for employees who value time off more than extra pay.