How is premium pay awarded?

Premium pay may be awarded monthly, quarterly, as a lump sum, etc., to eligible workers, provided that the total premium pay awarded to any eligible worker does not exceed $13 per hour or $25,000 over the period of performance (ends December 31, 2026).

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1. What should be considered when submitting a Premium Pay Project?
2. Can premium pay be awarded to volunteers?
3. Can premium pay be awarded in addition to overtime pay already earned?
4. How is premium pay awarded?
5. What is FLSA?
6. What if FLSA requires employees to be paid in excess of premium pay requirements?