Not in the FAA sense. You are being paid for your non-flying work with free flight time. You are not being compensated for flying. It's compensation for flying that the FAA is trying to regulate.

Practically speaking, here's what I think is going on. The FAA is trying to do two things with these regs - (1) protect the public that has no way of telling who's qualified and who isn't other than by the pilot or operating certificate they hold; and (2) protect those who made the effort and paid the money to get those advanced certificates. OTOH, people are always trying to find their way around the regs, so the lines are intentionally fuzzy and sometimes the FAA comes up with all sorts of contortions that ultimately come down to "if it quacks like a duck..."