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How should a nonexempt employee be compensated if s/he works on a holiday?

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How should a nonexempt employee be compensated if s/he works on a holiday?

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Nonexempt employees scheduled to work 50 percent or more of full-time who work on a University-declared holiday will be paid for their regular pay plus one and one-half times their regular rate of pay for all time actually worked.

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