Paid time off granted to an employee for working extra hours. The Federal Wage- Hour Law places severe restrictions on the use of compensatory time to avoid paying overtime, although special exemptions are allowed for public sector employees.
Time worked by certain state employees that, if not used for paid time off, results in compensation to be cashed out in accordance with regulations or agency policy.
time off that is granted to a worker as compensation for working overtime
Employers often tell employees they will get "Comp. Time" instead of overtime pay. Comp. time instead of cash for overtime is not generally permitted by non-government employers. Non-government employers who have such systems are almost always in violation of the law and owe employees for unpaid overtime. Under certain circumstances a public employer (like the government) may pay (at least some) overtime with "comp. time" instead of cash. See " The Myth of Comp Time" for a more detailed discussion
Time off with pay for authorized overtime worked in lieu of salary or wages, calculated in accordance with Section 8 of this Ordinance.