What is the legal definition of comp-time?

Answer by  bondgirl42 (27)

Comp-time, or compensatory time, is paid time off for employees who have worked extra hours. This may be used in lieu of paying the employees overtime. It may also be the standard for employees who are exempt from overtime/FLSA (Fair Labor Standards Act) such as police, firefighters, salaried employees.

Answer by  newgeneration (699)

Compensatory time off that can be awarded to a worker in lieu of overtime pay. It may also be referred to as "time off in lieu" or "compensatory time. " In the United States, this agreement is illegal in the private sector under current overtime law, but not the public sector.

Answer by  dcrusher59 (590)

Comp-Time is earned through your employer over the course of a year. It is usually available to full time employee's and can be used in conjuction with or in place of vacation time.