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E. Effective July 1, 2005, employees covered by this Agreement shall be given an <br />option once per calendar year, to receive cash compensation computed on a straight <br />time basis in lieu of up to a total of forty (40) hours of their longevity vacation leave <br />benefits set forth in Subsection A above. <br />F. Effective July 1, 2009, all employees covered by this Agreement shall defer for the <br />duration of Fiscal Years 2009-10 and 2010-11 an employee's ability to cash out <br />longevity vacation time. Tlie ability to cash out longevity vacation time shall be re- <br />instated July 1, 2011. Such deferral shall not affect an employee's ability to be <br />compensated for all accumulated leave upon termination of employment with the <br />City. <br />G. For the period July 1, 2011 through June 30, 2014, employees covered by this <br />Agreement shall be given an option once per fiscal year, to receive cash <br />compensation computed on a straight time basis in lieu of up to a total of sixty-seven <br />(67) hours of their longevity vacation leave benefits set forth in subsection A above. <br />H. For the period December 1, 2011 and ending June 30, 2013, all employees covered <br />by this Agreement shall defer, for the duration of Fiscal Years 2011-12 and 2012-13 <br />an employee's ability to cash out longevity vacation time. The ability to cash out <br />longevity vacation time shall be re-instated July 1, 2013. Specifically, employees may <br />cash out up to 76 hours of annual longevity vacation benefits during Fiscal Years <br />2013-14, 2014-15, and 2015-16, respectively. Such deferral shall not affect an <br />employee's ability to be compensated for all accumulated leave upon termination of <br />employment with the City. <br />I. Effective July 1, 2016, the yearly longevity cash-out provisions shall revert back to <br />that as set forth in section 10.3"E", above. Therefore, effective July 1, 2016, <br />employees covered by this Agreement shall be given an option once per calendar year <br />to receive cash compensation computed on a straight time basis in lieu of up to a total <br />of forty (40) hours of their longevity vacation leave benefits. <br />Such option may be eliminated or modified at the discretion of the Department to the <br />extent it is construed as overtime under Department of Labor guidelines <br />implementing provisions of the Fair Labor Standards Act (FLSA). <br />10.4 Limitation on Vacation. <br />A. With the exception of a retiring employee, no employee is granted, and no employee <br />shall be allowed to take, any vacation leave with pay in excess of 400 hours in any <br />one year by any combination of the vacations granted in this Agreement. Further, no <br />employee may carry over from one calendar year to the next more than the equivalent <br />of one longevity vacation period and the equivalent of one regular vacation period <br />from the previous two (2) years, and vacation not taken beyond that amount is <br />forfeited. Therefore, the maximum vacation that an employee with less than six (6) <br />years service could accumulate is 240 hours and only an employee with more than 20 <br />40 <br />