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ARTICLE IX <br />9.0 HOLIDAYS <br />9.1 Legal holidays observed by full -time permanent and probationary employees covered by <br />this Agreement are as follows: <br />• January 1 st - New Year's Day. <br />• Third (3rd) Monday in January - In observance of Martin Luther King Jr.'s <br />Birthday. <br />• Third (3rd) Monday in February -In observance of Presidents' Day. <br />• Last Monday in May - In commemoration of Memorial Day, <br />• July 4th - In observance of Independence Day, <br />• First (1st) Monday in September - In observance of Labor Day. <br />• November 11th -In observance of Veteran's Day. <br />• Fourth (4th) Thursday in November - In observance of Thanksgiving Day. <br />• The Friday immediately following Thanksgiving Day. <br />December 25th - In observance of Christmas Day, <br />• Last working day before Christmas Day, unless Christmas falls on a <br />Thursday, in which instance, the day following Christmas Day shall be <br />observed in lieu thereof. <br />• One (1) Floating Holiday - Any workday selected by the employee with prior <br />permission of the employee's supervisor. <br />• Everyday proclaimed by the Mayor of the City as a holiday for City employees. <br />Any holiday which falls on a Sunday will be observed on the following Monday. Any <br />holiday which falls on a Saturday will be observed on the Friday preceding the Holiday. <br />9.2 Full -time, permanent and probationary employees covered by this agreement shall be <br />entitled to receive 96 hours off during the calendar year in lieu of the twelve (12) <br />holidays specified in Section 9.1, supra. Said hours, up to a maximum of 80 hours, may <br />be carried over from one calendar year to the next and shall be cashed out upon <br />separation from employment, not to exceed a maximum of 160 hours. An employee <br />36 <br />25B -38 <br />