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III. COMPENSATION & BENEFITS 1. Position Classifications All City positions are classified as either exempt or nonexempt, and paid in accordance with the Fair Labor Standards Act. 2. Salary Administration The City may have one or more salary schedules that correspond with the position classification plan. All salary schedules shall be administered in accordance with the City policy Salary Administration of the Personnel Policy approved by Council as subsequently amended. 3. Method of Payment Employees shall receive a bi-weekly paycheck. The paycheck will ordinarily cover the preceding pay period. A pay period is completed every 2 weeks and ends the Sunday prior to the next Friday payday. If a payday falls on a holiday, paychecks will be issued the last business day prior to the holiday. Employees may receive a paycheck 1 day early in accordance with procedures issued by the Director of Finance. Paychecks may be given to someone other than the employee if the employee provides proper notification to the representative responsible for check distribution. 4. Separation Pay Employees who terminate employment with the City in accordance with the Exit Interview Procedures issued by Human Resources will be paid accrued benefits and will be paid in accordance with Article 5155 of the Revised Civil Statutes of Texas. Any employee who does not return City issued property will have the cost of the City's property deducted from the final paycheck. 5. Overtime Pay Employees shall work overtime hours only when-necessary and not without prior approval of their Department Director. Overtime hours are computed at the rate of one and one-half times the regular hourly rate of pay. The City follows the Fair Labor Standards Act (FLSA) in administering overtime pay. Employee Policies Handbook/Page 13