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In the event one or more City holidays fall within an annual vacation leave, such holidays shall not be <br />charged as vacation leave and the vacation leave shall be extended accordingly. <br />No person shall be permitted to work for compensation for the City during his/her vacation except with <br />prior approval of the City Manager. <br />BUY BACK <br />Each employee shall be allowed to buy back up to 40 hours of vacation per fiscal year provided a <br />minimum of 100 hours is retained after buy back. <br />SECTION 3: HOLIDAYS <br />Each Executive Management employee working regularly scheduled 4/10 hour days shall receive the following <br />10 hour holidays unless otherwise noted: <br />New Year's Day <br />Martin Luther King's Birthday <br />Presidents' Day <br />Memorial Day <br />Independence Day <br />Labor Day <br />Columbus Day <br />Veterans' Day (to be observed as the second Monday in November) <br />Thanksgiving Day <br />Christmas Eve <br />Christmas Day <br />New Year's Eve <br />20 Floating Holiday hours accrued each fiscal year on the first payroll period in July <br />For 4/10 employees, if Christmas Eve, New Year's Eve, Christmas Day or New Year's Day fall on a regularly <br />scheduled day off, 10 hours shall be added to the floating holiday bank to be used by December 31St of the <br />following year except for New Year's Day which will be used by the end of that year. <br />Employees working a 4/10 work schedule; when one of the fixed holidays falls on Friday, the preceding <br />Thursday shall be treated as a paid holiday. When a holiday falls on a Saturday, 10 hours shall be added to the <br />employee's floating holiday bank. When a holiday falls on Sunday, the following Monday shall be treated as a <br />paid holiday. <br />Employees working regularly scheduled 8 -hour days will receive 8 hours pay when taking Christmas Eve or <br />New Year's Eve off and 2 hours will be added to their floating holiday bank to be used the same as stated <br />above. If Christmas Eve or New Year's Eve falls on a regularly scheduled day off, 10 hours shall be added to <br />the floating holiday bank to be used the same as stated above. <br />SECTION 4: SICK LEAVE FOR EXECUTIVE MANAGEMENT EMPLOYEES <br />ACCRUAL <br />Sick leave with pay shall be granted by the appointing authority at the rate of eight hours for each calendar <br />month of service. Sick leave shall not be considered as a privilege, which an employee may use at his/her <br />discretion, but shall be allowed only in case of necessity and actual sickness or disability. Unused sick leave <br />Page 9 of 13 <br />MOU Executive Unit <br />06/20/07 330 pm <br />