Under the federal Fair Labor Standards Act (FLSA) as well as Illinois law, employers must pay their non-exempt employees a rate of 1 Â½ times their normal rate of pay for all hours worked over 40 in a given workweek.
What is 'Antitrust'. Antitrust laws are the laws that apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution and marketing. They prohibit a variety of practices that restrain trade.
Definition of Clayton Antitrust Act: An amendment, passed by the U.S. Congress in 1914, meant to further promote competition in U.S. businesses and discourage the formation of monopolies. This act prohibited price discrimination, price ...