legislation: 106-s-1878

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
106-s-1878 106 s 1878 Bonus Incentive Act Labor and Employment 1999-11-08 1999-11-08 Read twice and referred to the Committee on HELP. Senate Sen. Hutchison, Kay Bailey [R-TX] TX R H001016 8 Bonus Incentive Act - Amends the Fair Labor Standards Act of 1938 to provide that an employee's regular pay rate, for purposes of calculating overtime compensation, will not be affected by additional payments to reward an employee or group of employees for meeting or exceeding productivity, quality, efficiency, or sales goals under a gain sharing, incentive bonus, commission, or performance contingent bonus plan.Requires such a plan to: (1) be in writing and made available to employees; (2) provide that the amount of the payments to be made under the plan be based upon a formula that is stated in the plan; and (3) be established and maintained in good faith for the purpose of distributing to employees additional remuneration over and above the wages and salaries that are not dependent upon the existence of such plan or payments made pursuant to it. 2025-08-20T14:18:06Z  

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