salary

salary. An agreed compensation for services — esp. professional or semiprofessional services — usu. paid at regular intervals on a yearly basis, as distinguished from an hourly basis. • Salaried positions are usu. exempt from the requirements of the Fair Labor Standards Act (on overtime and the like) but are subject to state regulation. Cf. WAGE. [Cases: Master and Servant 70. C.J.S. Employer–Employee Relationship §§ 140–145, 150–151, 163–172, 174–176.]

accrued salary. A salary that has been earned but not yet paid.


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