2.1 | “Entrepreneur” Defined

An “entrepreneur ” or “team member” or “employee” or “you” of the Common Thread Collective is a person who regularly works for Common Thread Collective to get a paycheck. There are a few types of classifications that we want to make clear but all of these are at-will. 

EXEMPT
Wow, you crushed it and landed yourself a salaried position. An exempt entrepreneur meets some specific criteria established by the Fair Labor Standards Act (FLSA) and applicable state law. These criteria make you exempt from overtime pay requirements under federal and/or state law. You will be informed of your exempt or non-exempt status when you start employment with CTC, or when you are promoted or reclassified.  

NON-EXEMPT
Nailed it! You are a CTC team player and as a non-exempt entrepreneur we have to track your hours on the field. This just means that you don’t meet FLSA or applicable state law criteria for exemptions, so you qualify for overtime pay in accordance with applicable federal and/or state law. You will be informed of your exempt or non-exempt status when you start employment with CTC, or when you are promoted or reclassified.

REGULAR FULL-TIME
If you’ve been here longer than 90 days and grinding for 35 or more hours per week, you are a regular full time entrepreneur.  Generally, full time entrepreneurs are eligible for CTC’s benefits package, just take a look at the requirements outlined of the benefits.

REGULAR PART-TIME
It could be the case that you work less than 35 hours a week for CTC and, if that’s the case, you’re part time. We appreciate your time and efforts to make CTC awesome and want you to know that generally, except as provided in this Handbook or required by applicable law, part-time entrepreneurs are not eligible for CTC’s benefits packages. Further, unless otherwise required by law, part-time entrepreneurs cannot acquire full-time status by occasionally working 35 or more hours per week, and cannot acquire full-time status unless so designated in a writing signed by the Vice President of Differentiation of CTC.

TEMPORARY (FULL-TIME or PART-TIME)
A temporary entrepreneur is one who is assigned to work on a periodic basis, generally for periods of not more than 6 months. Though on a temporary basis, we here at CTC appreciate the knowledge skills and abilities our temps bring to the table to help fill a gap in staffing for a hot minute. Really, our temps are pulling clutch. If you’re doing really well and business allows for it, CTC might extend a more permanent written offer to a temp but, until then, temporary entrepreneurs  are not eligible to participate in any CTC sponsored benefits, except for sick leave and as required by law.  Temporary entrepreneurs do not acquire permanent status by working beyond 6 months, and cannot acquire permanent status unless designated as such in a writing signed by the Vice President of Differentiation of CTC.  Also, it should be noted that temporary entrepreneurs will use their own equipment (computer etc.) during their time at CTC as outlined in the BYOD agreement.

INTERNS
You’ve got an educational itch that only CTC can scratch. We consider our interns part of the team even if only for a short period of time, in relation to a special project. Though there are no guarantees of a job offer for full time or part time status at the end of the internship, we trust the work done will benefit you and get you one step closer in becoming the entrepreneur you’ve always dreamed of being. Interns aren’t eligible to participate in any CTC-sponsored benefits, except as required by law. Lastly, interns will use their own equipment (computer etc) during their time at CTC as outlined in the BYOD agreement.