EmploymentHandbook-UpdatedMay2024-2
Pay Procedures Our workweek is Saturday through Friday, and employees are normally paid by direct deposit every other Friday. If a normal payday falls on a holiday observed by the Firm or by the banks, employees will be paid on the preceding workday. Employees are responsible for checking the accuracy of their pay voucher and reporting any discrepancies to their supervisor. Working Extended Hours The Firm complies with all applicable federal and state laws with regard to payment of overtime work. More information can be found on the complete Overtime Policy and Expense Reimbursement for Working Extended Hours Policy here. Employees may be required to work overtime when assigned. Any overtime you work must be authorized in advance by management. Unauthorized overtime or refusal or unavailability to work overtime is considered unacceptable work performance, and may be subject to disciplinary action up to and including termination. Exempt employees are not eligible for overtime pay but may be eligible for expense reimbursement for expenses incurred while working extended hours. For more information, access the Expense Reimbursement for Working Extended Hours Policy here. Discretionary Bonus Following the end of each calendar year, the Firm, in its sole discretion, may award to individual employees in active status a bonus (the “Discretionary Bonus”) for such calendar year, in an amount to be determined by the Firm in its
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