SALARY

salary. An agreed compensation for services — esp. professional or semiprofessional services

— usu. paid at regular intervals on a yearly basis, as distinguished from an hourly basis. • Salaried

positions are usu. exempt from the requirements of the Fair Labor Standards Act (on overtime and

the like) but are subject to state regulation. Cf. WAGE. [Cases: Master and Servant 70. C.J.S.

Employer–Employee Relationship §§ 140–145, 150–151, 163–172, 174–176.]

accrued salary.A salary that has been earned but not yet paid. [Blacks Law 8^th]