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H1B Extension Post I-140 approved, 240 day rule apply?

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  • H1B Extension Post I-140 approved, 240 day rule apply?

    Hi,

    My H1-B maxout date (6 years) is May 10, 2016.
    My I-140 just got approved.

    As normal processing of H1-B takes on an average 4-6 months, do i have to file H1-B as premium to get a positive outcome before maxout date? Or can i apply in regular processing and can still stay in US based on 240 days rule while waiting for the decision.

    Does 240 day rule apply in case of maxout of H1B also?

    Thanks.

    Sharma P.

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