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"----RESOLUTION NO. 89-087 Page 8 of 15 In the event any such affected employee is determined to be ineligible for said insurance coverage, the City will attempt to provide as much coverage as may be obtained at a reasonable cost without having to provide evidence of insurability. 6.6 P~id Holiday Time Off. Affected employees are not required to appear for work, except in emergencies, and will receive payment at his or her current base salary rate for the following twelve (12) holidays during each year: January 1st, third Monday in January, third Monday in February, last Monday in May, July 4th, first Monday in September, November 11th, Thanksgiving Day and the day immediately following (Friday), Christmas Day, the last working day before Christmas Day (unless such day falls on Wednesday, in which instance the day following Christmas Day will be observed), and one {1) floating holiday. Any holiday which falls on Sunday will be observed on the following Monday and any holiday which falls on a Saturday will be observed on the Friday preceding the holiday. 6.7 Vacation Time Off. Affected employees shall be granted regular and longevity paid vacation leave on the same basis as provided represented employees of the City, with the exception that such affected employees will be granted: A. Regular vacation with pay at the annual rate of fifteen (15) working days for each of his or her first and second completed year of service. B. An additional five (5) working days per year over the regular and longevity vacation schedules applicable to represented employees of the City subject to the following restrictions on the accrual of vacation leave: Unrepresented Executive Management (EM) employees, no restrictions. Unrepresented Middle-Management {MM) employees, twenty-five (25} days maximum accrual of such additional five days per year. Affected management employees must take at least five (5) consecutive days of vacation leave each year. 6.8 Vacation Pay Option. Affected employees shall be given the option to receive cash compensation, computed on a straight time basis, in lieu of up to five (5) working days of earned, unused vacation benefits set forth in Section 6.7 above. 6.9 Sick Leave Credits for New Hires. The City Manager is authorized to grant a newly appointed incumbent of an unrepresented management position sick leave credits up to an amount equal to any earned but unused sick leave credits available to such appointee at the time of his or her separation from his or her most recent previous employer. 6.10 Payment for Unused Sick Leave. Affected employees shall be granted payment for unused sick leave on the same basis as provided represented employees of the City, with the exception that such affected employees who have completed twenty-five (25) years or more of cumulative full-time service with the City shall be entitled to payment for two-thirds (2/3) of the total sick leave benefit credited to his or her account upon the effective date of his or her termination, not to exceed a maximum limit of 1066 hours, at the rate of base pay effective on the date of such termination.