I work as a salesman at a privately owned franchise that represents Verizon Wireless in New Jersey. My compensation is purely salary, $32,500, and I work 53 hours a week. I've been working 53 hours a week for the past 5 years. We do not have any employment contract in place in regards to compensation, hours, responsibilities, etc. Am I eligible for overtime pay? If so, could I legally pursue backpay for all the years I haven't been compensated overtime?