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Effective January 1, 2025, employees shall receive one hundred and four (104) holiday <br />hours each year (thirteen (13) eight (8) hour holidays). These amounts include the floating <br />holiday on the list in Section 9.1. However, the floating holiday plus four (4) additional <br />holiday hours (for a total of twelve (12) hours) shall be donated back to the City to pay for <br />the Association President's Leave per Section 14.3. <br />For each of the holidays, employees have the following two (2) options: <br />A. Option 1 - Employees can use their holiday hours (eighty-eight (88) hours in 2024, <br />which is increased to ninety two (92) hours effective January 1, 2025) during the <br />calendar year by scheduling it as time off. If this option is chosen, the following <br />provisions apply: <br />The employee will not be cashed out for any of the eighty-eight (88) holiday <br />hours which is increased to ninety-two (92) hours effective January 1, 2025 <br />at the end of the year if any of the hours are not used. <br />2. If an employee leaves City employment during the year and has not used all <br />of the holiday hours earned during the year at the date of separation the <br />remaining holiday hours earned to date will be paid to the employee on their <br />final check. This pay will not be reported to CAPERS as Special <br />Compensation. <br />3. If an employee leaves City employment during the year and has used more <br />holiday hours in the calendar year than they have earned as of that date, they <br />must pay the City the cash value for such used but unearned holiday time <br />off benefits prior to or at the time of separation. <br />4. Employees can use holiday leave in increments as small as one-half (1/2) <br />hour with fractional usage rounded upward to the next higher multiple of <br />one-half (1/2) hour. <br />B. Option 2 — Employees may make an irrevocable election to receive holiday pay in <br />lieu (paid at the regular rate of pay at straight time) of time off for the holiday. If <br />this option is chosen, employees must submit their irrevocable election by <br />December 15 of each calendar year to the Police Department Human Resources <br />Division who will then forward it to City Payroll. <br />Employees will receive eight (8) hours and effective January 1, 2025, seven and <br />two thirds (7.67) hours of holiday pay in lieu for each holiday. The employee will <br />receive the pay on the payday following when each of the twelve (12) holidays <br />occur. If this option is chosen, the parties agree that to the extent permitted by law, <br />34 <br />