UNDER NO CIRCUMSTANCES WILL COMP DAYS OFF BE GIVEN IN PLACE OF RECEIVING OVERTIME PAY. Since we do not pay a special higher rate of pay for hours worked on recognized holidays, we reward employees with paid time off at the time they choose. If a holiday is worked and it is also at a time when the employee is earning overtime, they will receive the overtime and only the equivalent of 8 hours off at a time in the future.
Commentary (if any): Comp time is generally not available for private employers. Depending on implementation, a public employer may use comp time.
WARNING: Do NOT simply adopt a policy or add it to your handbook or manual without consulting with a qualified HR professional or employment lawyer. A sample policy may not be proper or even lawful in your particular situation. You’ve been warned.