To clarify my position – I refer to US employees only. A contract does not free an employer from the overriding requirement of 1.5x overtime pay- It’s the law. It is not overwritten by contracts. There are, of course, many classifications of “employee” that are exempt from overtime pay requirement. But even within exempt classes, there are exceptions that put one back into non-exempt class. And most importantly though, there are many gray areas that will only become black/white when a specific class (within a class) fights for their right in court. Relevant here are the terms engineer, technician, skilled professional, which invoke various exemptions and non-exemptions based on how much you make (even if you have a “salary” the law breaks your salary down to equivalent hourly rate), whether you perform services at a desk or on the road, exactly what you do, what you had to learn to do it, etc. These factors and more all determine your status. There is a specific exemption for the computer professional. The cut-off for this exemption is $27.63 an hour (in CA $39), which means that if you meet the title “computer professional,” and you earn less then 27.63 (CA $39) an hour, your employer must reward you 1.5x for any work done in excess of 40 hours a week
But a most important factor (which is touched on in this forums’ responses) is whether you want, or are willing, to do something to address the matter. What is more important to you – keeping your job, possibly threatening its stability (even if you are offered protection under a Whistle-Blower protective law), simply staying quiet, or fighting for your (accumulated) and due overtime pay?
If you are comfortable with the position of fighting for your money while being supported by law (and a lawyer that will represent you), it definitely pays to determine whether your specific job entitles you to 1.5x pay for every minute you perform(ed) a job-related task, over 40 hours per week. If you’d rather get whatever your employer gives you, regardless of whether you are legally entitled to more, examine this no further.
For the record, Rich’s link is a very informative and helpful one