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A. Monetary Payment -The employee may receive cosh overtime pay at one and one-half times his or her regular hourly rate for all such time worked in excess of his or her regularly scheduled workday or work schedule. B. Compensatory Time -The employee may receive time off with pay at a rate of one and one-half hours for every hour of overtime worked. Compensatory time may be accumulated to n maximum of 144 hours. Compensatory time may be used in any hourly increment. Compensatory time off shall be token nt the discretion of the employee subject to the operational needs and staffing requirements of the Department. The SAFBA agrees that the first 24-hour overtime shift worked by every suppression .employee in Fiscal Yenr 2009-10 shall be token as compensatory time and placed into their Compensatory Time Bank. The parties hereto further agree that the City shall not be required to backfill for employees taking compensatory time off, for a period of two years, ending July 1, 2011. During that period, the SAFBA agrees to allow the Department to utilize step-up (move-up) for any stuffing issues created by members' use of compensatory time. The parties agree that these modifications to Section 9.5 satisfy the entire furlough equivalency burden to the SAFBA for the term of this Agreement. AMENDED ARTICLE X (new language in bold) 10.3 Cash Option -All begs employees covered by this Agreement shall be given an option, twice per calendar year, concurrent with the longevity vacation cash out option, to receive cash compensation on a straight time basis in lieu of all or part of their holiday leave benefits set forth in section 10.2 above. Such option may be eliminated or modified at the discretion of the Fire Department or to the extent it is construed as overtime under Department of Labor guidelines implementing provisions of the Fair Labor Standards Act (ELBA). Effective July 1, 2009, all employees covered by this Agreement shall defer for the duration of Fiscn) Year 2009-10 the employee's ability to cosh out holiday leave time. The ability to cosh out holiday leave time shall be re-instated July 1, 2010. Such deferral shall not affect an employee's ability to be compensated for the accumulated holiday leave time upon separation from employment with the City, not to exceed a maximum of 216 hours. FBA Contract Extension Draft for FBA Review June 4, 2009 Pnge 3 25A-5