55A - RESO - AMEND COMP - Laserfiche WebLink

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G. Ljta Ins ra ce apd Acci ntal Death & Personal L ss AD &PL . The City will pay one hundred percent (100 %) of the premium cost for term life and AD &PL Insurance coverage under the policy it maintains on behalf of its employees in order to provide Executive Management (EM) employees with life and AD &PL Insurance coverage In an amount equal to three times the employee's annual rate of salary to a maximun7 of $300,000 provided Executive Management (EM) employees can provide evidence of insurability for coverage above $150,000 If so required by the terms and conditions of said term life and AD &PI_ insurance policy. In the event an Executive Management (EM) employee is determined to be Ineligible for said Insurance coverage, the City will attempt to provide as much coverage as may be obtained at a reasonable cost without having to provide evidence of Insurability. SQc3jon 5. Leave Accruals and Cash -•Out Provisions. A. Paid Holiday Time Off. Executive Management (EM) employees are not required to appear for work, except in emergencies, and will receive payment at his or her current base salary rate for the following twelve (12) holidays during each year: Januarry lot; third Monday in January; third Monday In February; last Monday in May; July 4t"; first Monday In September; November 11i"; Thanksgiving Day and the day immediately-following-(f ridgy) CY i °istmas - l3ay;- the last worktng-day-trofare-Christmas Day (unless Christmas Day falls on Thursday, in which instance the day following Christmas Day will be observed) and one (1) floating holiday. Any holiday which falls on Sunday will be observed on the following Monday and any holiday which falls on a Saturday will be observed on the Friday preceding the holiday. B. Vacation Time Off. Executive Management (EM) employees will be granted regular and longevity paid vacation leave on the same basis as provided to represented employees of the City, with the exception that such affected employees will be granted. 1, Regular vacation with pay at the annual rate of fifteen (15) working days for each of his or her first and second completed year of service. 2. An additional five (5) working days per year over the regular and longevity vacation accruals applicable to represented employees of the City. Affected Executive Management (EM) employees must tale at least five (5) consecutive days of vacation leave each year, C. Lo ovity Vac t3ion Credits or Ne I-F(rol ecutivo. Mgria ment EM) Rmplo_yge& The City Manager Is authorized to grant to a person newly hired by the City to a position designated as Executive Management (EM), longevity vacation credits In the form of years of service to the City up to a maximum of 20 years. The credits will be counted as completed years of service with the City for the purpose of calculating longevity vacation accrual only. The longevity vacation credits will be added to the years of service actually completed with the City of Santa Aria by the employee to establish total years of service for the purpose of calculating longevity vacation. 55A -22