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<br /> <br /> <br /> <br /> <br /> President's Leave time and for Union Business Leave time the City and <br /> the Union agree to the creation of the following compensation time bank: <br /> <br /> a. Any member of the Union who has a compensatory time balance, <br /> vacation time or accrued in lieu holiday balance of at least two (2) <br /> hours or more can voluntarily designate, in writing, that he or she <br /> will contribute the value of such time to a bank to be used to pay <br /> for President's Leave time and/or Union Business Leave time. In <br /> addition, floating holiday pay may also be contributed, but only in <br /> increments of eight (8) hours. Such bank shall be for the purposes <br /> and subject to the restrictions provided herein. <br /> <br /> b. The employees' vacation leave, compensatory time and/or accrued <br /> or unused holiday pay balance will then be reduced by the amount <br /> of hours transferred to the bank. <br /> <br /> C. Vacation leave time, compensatory time and/or accrued floating or <br /> in lieu holiday time, together with the cost of benefits shall be <br /> converted to its dollar value at the rate of pay of the employee <br /> from whom the leave was received. Those dollars (with benefit <br /> cost) shall be placed in the Union Business Leave Bank. When the <br /> Union Business Leave Bank is used in accordance with President's <br /> Leave and Union Business Leave, dollars will be withdrawn from <br /> such Union Business Leave Bank, equal to the hourly rate (with <br /> benefit cost) of the employee utilizing the leave multiplied by the <br /> number of hours of leave taken. Withdrawal requests from the <br /> bank will be for the purpose of conducting Union business, which <br /> may include grievance investigation, executive meetings, board of <br /> director meetings, training and conventions sponsored by the <br /> Union, attendance at grievances and Personnel Board hearings as <br /> witness for the Union, President's Leave and other Union purposes <br /> as may be determined by the President of the Union. Request for <br /> withdrawal from the Bank shall be made only by the President or <br /> designee to the Executive Director of Personnel Services on forms <br /> mutually agreed to by the parties and furnished by the City. The <br /> Union President's Leave or Union Business Leave slip shall be <br /> presented to the Executive Director of Personnel Services by the <br /> Union for withdrawal from the bank. All vacation leave, <br /> compensatory time and accrued floating or in lieu holidays <br /> transferred to the bank are final transfers and shall not be <br /> recoverable for re-credit to any individual employee's vacation <br /> leave account, compensatory time account, or accrued holiday time <br /> account. <br /> <br /> Release of employees for Union Business Leave shall be on the <br /> same basis as employees are released from duty for vacation leave, <br /> <br /> <br /> 64 <br /> 25F-66 <br />