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No. This is a non-waivable statutory right. An employer can't require you to waive. The only issue is whether you are an exempt or non-exempt employee. Exemptions depend on the nature of your work, not how you are paid or how an employer chooses to classify you or what title you have. Thus, it is the law that determines whether your are exempt or not from the right to be paid overtime, in the context of your job duties, as they are actually performed. If an employer does not pay you overtime, or pays you on a salary basis, or has you sign a document waiving overtime pay, none of those things will govern whether or not you are exempt from overtime premium pay. In fact, requiring an employee to sign something waiving overtime pay is likely illegal and, if you are not properly an exempt employee, an unenforceable document.

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Q: Can a California employee waive right to overtime?
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