29 CFR 548.300 - Introductory statement.
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Section 548.3 contains a description of a number of basic rates any one of which, when established by agreement or understanding, is authorized for use without prior specific approval of the Administrator. These basic rates have been found in use in industry and the Administrator has determined that they are substantially equivalent to the straight-time average hourly earnings of the employee over a representative period of time. The authorized basic rates are described below.
[20 FR 5681, Aug. 6, 1955]
Title 29 published on 2013-07-01
no entries appear in the Federal Register after this date.