Overtime pitfalls: The lurking traps

A rash of wage-and-hour lawsuits is drawing attention to the often-overlooked complexities of overtime pay laws. Think you don't owe overtime? Check our gallery of potential tripwires.

Illustrations by Terry Allen for Fortune Small Business.

Stock Options
Stock Options
Stock options do not make employees exempt. Startup employees who agree to defer compensation in exchange for stock or options could fight for back pay if they would have been entitled to it.
Last updated January 22 2008: 8:59 AM ET

The $23,660 Rule

"Executive" Assistant

IT Employees

Extra Hours

Telecommuting

Comp Time

Stock Options

The Cog Factor

The Overtime Bomb
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.