Loan agreements are binding contracts between two or more parties to formalize a loan process. There are many types of loan agreements, ranging from simple promissory notes between friends and family members to more detailed contracts like mortgage, auto, credit card and short- or long-term payday advance loans.
An employer may waive the right to a thirty-minute unpaid meal break pursuant to the voluntary written request of an employee who is principally employed in the service of food or beverages to customers and who, in the course of such employment, receives tips and reports the tips to the employer.
This is in response to your request for an opinion regarding an employers break and meal policy under the Fair Labor Standards Act (FLSA).[1] Your client has written policies regarding break and meal periods which provide: The company may offer employees a 15-minute break during each shift of six or more hours.