H1B Reciept Notice - Work for up to 240 days?


My current H1B visa expires on 26th Aug 2020 and my employer had filed for an extension on Jul 5th 2020 with Nebraska USICS and have also got a I-797C reciept notice. I have some questions -

  1. In the document i see the following lines - what does this mean?

work authorization will only continue while this application or petition remains pending if expressly provided by statute or regulation and subject to any limitations prescribed therein

  1. Will my I-94 be updated as my employer has filed some 50 days before the first term expiration?

Answered in forum, you can work up to 240 days. Check