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12. Upon return to duty from President's Leave of four (4) hours per day, the <br />Union President shall be restored to the same position, without loss of any <br />benefits as he or she would have occupied or accrued if there had been no <br />dismption in duty status, Pot the purpose of providing payment for Union <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 />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 ar 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 />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 />e. Vacation leave tune, 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 Dank 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Leave and Union Business Leave, dollars will be withdrawn from 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 ntilizin.g the leave multiplied by the <br />number of hours of leave taken, Withdrawal requests from the <br />bank will be for the pupose 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 grievancos slick Personnel Hoard 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 tho 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 />prosented to the Executive Director of Personnel Services by the <br />Union for withdrawal from the bank.:. All vacation leave, <br />compensatory tiro aaad 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 />0 <br />25A -67 <br />