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Effective February 1, 2012, any accrued vacation in excess of three hundred (300) hours will be placed in a separate Vacation Bank for each affected employee. Employees shall be entitled to use or sell the hours in the Bank for vacation or for extended leave in the same manner as regular vacation hours. The hours shall be paid out at the pay rate of the employee when utilized. 11.6 Vacation Sell Back Effective upon adoption of this Agreement, employees may request to sell back up to one hundred twenty (120)hours of accrued vacation in each calendar year. Employees may sell accrued time in one (1) hour increments with a minimum of eight (8)hours on the first pay date on or after February I51 and on the first pay date on or after August 1"of each year. Written requests for payment must be made by the employee fifteen days in advance of the first pay date in February and August. 11.7 Annual Vacation Sign Up Program Annual vacation sign-ups will be based on eligibility and seniority and will follow the process, as set forth under the Seniority Shift Sign Up Program, attached as Exhibit C. All annual vacations will be scheduled for at least four consecutive workdays. Consecutive workdays may be separated by scheduled days off(e.g., Wednesday and Thursday on vacation...Friday, Saturday and Sunday - scheduled days off... Monday and Tuesday on vacation). Personnel who have signed up and have been approved for annual vacation will be required to take that time off. Changes will not be granted once annual vacations have been selected unless extenuating circumstances exist justifying such changes and subject to the Division Commander's approval. Personnel who participate in the Annual Vacation Sign Up will be eligible to identify vacation selections on a seniority basis, but may only select up to two years accrued vacation time. Requests for vacation outside the annual vacation sign up program will usually not be accepted any earlier than ninety (90) days in advance of the requested time off. The Division Manager will have 30 days in which to make a decision on the request. If the request is made less than 30 days prior to the requested date(s) off, the Division Manager will have a reasonable time in which to make the decision. 11. 8 Vacation Pay at Termination Employees shall be paid for all accrued vacation leave earned prior to the effective date of termination. Such compensation for earned vacation shall be paid to the employee in one lump sum in a final check. Section 12. Sick Leave 12.1 Sick Leave Accrual 10