New Mexico Post Acquisition Opinion

State:
Multi-State
Control #:
US-OG-462
Format:
Word; 
Rich Text
Instant download

Description

The Post Acquisition Opinion, this form is provided for post acquisition opinions in oil, gas or mineral dealings.
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FAQ

The State of New Mexico has no law requiring meal breaks or rest periods. However, any break that is less than 30 minutes long must be paid. As of January 1, 2023, the minimum wage in New Mexico is $12.00 per hour.

This means that even if an employee works 12 hours in one workday, he is not entitled to overtime pay unless he works more than 40 hours in that week. New Mexico wage law prohibits employers from requiring an employee to work more than 16 hours in a day, except in emergency situations.

Final paychecks in New Mexico Employers have 5 days to pay all due wages to employees who are fired or laid off if the wages are a fixed amount. If they are based on a task or commission or other method of calculation, they have 10 days to pay the wages.

An employer shall provide an employee with a written receipt that identifies the employer and sets forth the employee's gross pay, the number of hours worked by the employee, the total wages and benefits earned by the employee and an itemized listing of all deductions withheld from the employee's gross pay.

Final paychecks in New Mexico Employers have 5 days to pay all due wages to employees who are fired or laid off if the wages are a fixed amount. If they are based on a task or commission or other method of calculation, they have 10 days to pay the wages.

Not required by state law. Employers are not required by law to pay unused employee benefits. Nevertheless, if an employer has a PTO policy that allows for accruing vacation or other PTO, any unused amount is considered earned wages and must be paid in the final paycheck.

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New Mexico Post Acquisition Opinion