Comp Time is more than 37.5 hours in a pay week held for use in another pay period vs. dollars paid for overtime. Example: Monday 9 hours, Tuesday 7.5 hours, Wednesday 7.5 hours, Thursday 7.5 hours, Friday 7.5 hours = 39 hours total for week. The additional 1.5 hours would be entered as Comp Accrued on the Time Record then calculated in the payroll system at time and a half and placed in a bank such as vacation, 1.5 hours times 1.5 = 2.25 comp hours. The hours can then be used in another pay week in lieu of using vacation time. If time is not used with in 60 days the balance will be paid on a normal payroll cycle.