Full-Time Equivalent Employee Law and Legal Definition
Pursuant to 21 CFR 1.328 [Title 21 -- Food and Drugs; Chapter I -- Food and Drug Administration, Department of Health and Human Services], full-time equivalent employee means “all individuals employed by the person claiming the exemption. The number of full-time equivalent employees is determined by dividing the total number of hours of salary or wages paid directly to employees of the person and of all of its affiliates by the number of hours of work in 1 year, 2,080 hours (i.e., 40 hours x 52 weeks).”
Legal Definition list
Related Legal Terms
- Actuarial Equivalent (Health Care)
- Actuarial Experience [Employee Retirement]
- Actuarial Services [Employee Retirement]
- Ad Valorem Equivalent
- Administrative Employee
- Administrator of an Employee Benefit Plan
- Affected Employees
- Alien Employees
- Allotment from Federal Employee
- American Federation of Government Employees (AFGE)
