[Code of Federal Regulations]
[Title 29, Volume 3]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR794.125]

[Page 708-709]
 
                             TITLE 29--LABOR
 
         CHAPTER V--WAGE AND HOUR DIVISION, DEPARTMENT OF LABOR
 
PART 794_PARTIAL OVERTIME EXEMPTION FOR EMPLOYEES OF WHOLESALE OR BULK 
 
Subpart B_Exemption From Overtime Pay Requirements Under Section 7(b)(3) 
                               of the Act
 
Sec. 794.125  Grace period of 1 month for compliance.

    Where it is not practicable to compute the annual gross volume of 
sales under Sec. 794.123 or Sec. 794.124 in time to determine 
obligations under the Act for the current quarter, an enterprise may use 
a 1-month grace period. If this 1-month grace period is used, the 
computations made under those sections will determine its obligations 
under

[[Page 709]]

the Act for the 3-month period commencing 1 month after the end of the 
preceding calendar or fiscal quarter. Once adopted the same basis must 
be used for each successive 3-month period.