; or (B) at any time before such calendar day at the discretion of the employer of such employee. (3) Rate of compensation (A) In general Except as provided in subparagraph (B), an employee using paid annual leave earned under subsection (a)(1) shall be compensated, for the period that the employee is using such leave, at the same rate at which the employee would have been paid for such period if the employee were not using the paid annual leave. (B) Tipped employee For the purposes of subparagraph (A), an employee described in section 2(2)(C) shall be compensated, for the period that such employee is using paid annual leave earned under subsection (a)(1), at a rate equivalent to the greater of— (i) the minimum wage required under section 6(a) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206(a) ); (ii) the applicable State minimum wage