Common use of 42A Clause in Contracts

42A. For all such Employees who are on the active payroll and who are classified by their Employer as exempt from the overtime provisions of the Fair Labor Standards Act, as amended, under the executive, administrative, professional or outside salesperson exemptions contributions shall be made for sixty (60) hours per week, except for such exempt Employees employed by this Plan, the Motion Picture Industry Account Plan, the Motion Picture Industry Pension Plan and any Union, the Alliance of Motion Picture and Television Producers, the Motion Picture Association of America, First Entertainment Credit Union, The Entertainment Industry Foundation, the Contract Services Administration Trust Fund, CSATF, LLC, the Directors Guild of America Contract Administration, or the Directors Guild—Producer Training Plan for whom contributions shall be made for fifty-six (56) hours per week. If vacation is taken in increments of less than one week, 11.2 hours may be deducted for each day of vacation. Notwithstanding the above, if the Employee's compensation is less than $250 for any week, the Employer shall only make contributions for such week for a number of hours (rounded down, if such number is not a whole number) equal to sixty (60) hours or fifty-six (56) hours, whichever is otherwise applicable, multiplied by a fraction, the numerator of which is the employee's compensation for the week and the denominator of which is $250 (the $250 amount set forth above shall be adjusted to reflect any changes in the salary test set forth in the regulations issued pursuant to the Fair Labor Standards Act).