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ability to cosh out holiday leave time. The ability to cash out holiday leave time shall be reinstated on July 1, 2010. Such deferral shall not affect an employee's ability to be compensated for accumulated holiday leave time upon separation from employment with the City, not to exceed a maximum of 160 hours. 1. Effective July 1, 2010 through June 30, 2013, employees choosing to cash out their holiday time may do so to n maximum value of 1.33 x 80 hours, or 106 hours per year. B. Receive cash compensation, computed on a straight time basis, up to a maximum of eighty (80) hours of earned, unused regular vacation leave (which includes longevity vacation) benefits, set forth in Sections 10.2 and 10.3, respectively, herein. Effective July 1, 2009, all employees covered by this Agreement shall defer for the duration of Fiscal Year 2009-10 an employee's ability to cash out vacation leave time. The ability to cash out vacation leave time shall be reinstated July 1, 2010. Such deferral shall not affect an employee's ability to cash out vacation leave time upon separation of employment with the City. 1. Effective July 1, 2010 through June 30, 2013, employees choosing to cosh out their vacation leave time may do so up to a maximum value of 1.33 x 80 hours, or 106 hours per year. C. Receive cash compensation, computed on a straight time basis, up to a maximum of forty (40) hours of earned, unused management vacation leave benefits, set forth in Section 10.7 herein. Effective July 1, 2009, all employees covered by this Agreement shall defer for the duration of Fiscal Year 2009-10 nn employee's ability to cash out management vacation time. The ability to cash out management vacation time shall be reinstated July 1, 2010. Such deferral shall not affect an employee's ability to cash out management vacation time upon separation of employment with the City. 1. Effective July 1, 2010 through June 30, 2013 employees choosing to cash out their management vacation leave time may do so up to n maximum value of 1.33x40 hours, or 53 hours per year. The terms and conditions identified in "bold type" above apply to the Cash Option set forth in 9.6 above for the period of time beginning July 1, 2009, and ending June 30, 2013. Effective July 1, 2013, these terms and conditions no longer apply and the Cnsh Option reverts to that set forth above (maximum of 120 hours of combined holiday, regular or longevity vacation, and/or management vacation). Such cash option may be eliminated or modified to the extent it is construed as overtime under Department of Labor Guidelines implementing provisions of the Fair Labor Standards Act. 25D-5