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employment with the City, not to exceed n maximum of 288 hours for employees assigned to the twenty-four (24) hour work shift schedule, or 192 hours for employees assigned to a forty (40) hour work week schedule. Effective July 1, 2010, employees choosing to cash out their holiday time may do so to a maximum value of 1.33 x 96 hours, or 128 hours for employees assigned to a forty (40) hour work week schedule, or 1.33 x 144 hours, or 192 hours for employees assigned to a twenty-four (24) hour work shift schedule. AMENDED ARTICLE X (new language in bold; deleted provisions lined out) 10.2 Regular Vacation Period. C. Computing Regular Vacation. 2. No employee may carry over from one calendar year to the next, more than the equivalent of #~e-(~-) three (3) regular vacation periods from the previous two (2) years, and vacation not taken beyond that amount is forfeited. A regular vacation period is defined as the maximum amount of vacation earned in a calendar year as provided in Subsection A above. 10.4 Limitation on Vacation. With the exception of a retiring employee, no employee is granted, and no employee shall be allowed to take any vacation leave with pay in excess of fifty (50) working days in any one year by combination of the vacations granted in this Agreement. Further, no employee may carry over from calendar year to the next more than the equivalent of twe-(~~ three (3) longevity vacation periods and the equivalent of ewe-E23 three (3) regular vacation periods from the previous two (2) years and vacation not taken beyond that amount is forfeited. , 10.6 Vacation Pay Options. Once each #+sc~l calendar year, all employees covered by this Agreement 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 leave benefits set forth in this Article. Effective January 1, 25E-5