Not subject to taxation. More generally, to be free of restrictions or rules.
Free, or released, from some liability to which others are subject; excepted from the operation or burden of some law; released; free; clear; privileged; -- (with from): not subject to; not liable to; as, goods exempt from execution; a person exempt from jury service.
One exempted or freed from duty; one not subject.
To release or deliver from some liability which others are subject to; to except or excuse from he operation of a law; to grant immunity to; to free from obligation; to release; as, to exempt from military duty, or from jury service; to exempt from fear or pain.
Exempt employees are those who are not subject to the provisions of the Fair Labor Standards Act. Examples include executive, administrative, outside sales, and professional employees; and employees of federal, state, and local governments. Exempt employees are almost always salaried (except various computer professionals). See also nonexempt.
Employees who are not covered by the Fair Labor Standards Act's minimum wage and overtime provisions. These employees are typically salaried.
A designation created under the Fair Labor Standards Act (FLSA) for positions that are considered to be bona fide executive, administrative, or professional in nature. Positions designated as exempt must meet all the tests related to duties, responsibilities and salary stipulated by the FLSA. Exempt positions are not subject to overtime pay. See Administrator. Faculty The Faculty consists of the President; the Academic Officers identified in Article II of the Academic Articles of the Faculty Handbook; the Teaching-and-Research Faculty; the Research Faculty; the Library Faculty; the Special Professional Faculty; and Non-regular Faculty. See the Faculty Handbook.
See White Collar Employees.
Assets that are not considered for bankruptcy proceedings. Exempt is also used to refer to assets not considered in the determination of eligibility for Medicaid.
Refers to assets that you get to keep when you file bankruptcy. As a practical matter, most people keep all their assets when they file bankruptcy given a reasonable amount of legal bankruptcy planning.
Groups that don't have to join a Medicaid health plan, but can if they want to.
property of the debtor that can be protected from the case trustee and the creditors of the case.