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the first pay date on or after June 1. Section 9.2 Observed Holidays The following holidays Abe-are observed for Fire Prevention Ppersonnel: not normally scheduled or expected to work on recognized holidays. Such employees are permitted to be off work on observed holidays without the loss of pay and do not qualify for the holiday in lieu pay provided per Section 9.1 of this MOU. 1. New Year's Day 2. Martin Luther King, Jr. Day (third Monday of January) 3. President's Day (third Monday of February) 4. Memorial Day (last Monday of May) 5. Independence Day 6. Labor Day (first Monday of September) 7. Veterans' Day 8. Thanksgiving Day 9. Day following Thanksgiving 10. Christmas Eve Day 11. Christmas Day Section 9.3 Work on a Holiday-Fire Prevention Personnel If the Fire Chief, or the Fire Chief's designee, determines the employee's services are required on an observed holiday, the employee shall receive overtime compensation for all hours worked on the holiday. Section 9.4 Floating Holiday Fire Prevention personnel will receive three (3) floating holidays per year with pay as follows: Floating holidays for eligible employees shall be credited and taken in accordance with the regulations set forth in this section. Each payroll calendar year, eligible employees will be credited with floating holidays at the rate of 24 (twenty-four) hours for each 40-hour employee per year. Employees not in a pay status at the beginning of the payroll calendar year will not be credited with floating holidays until their return to work. In such cases, floating holidays will be prorated for the year once the employee returns to work. New employees who join the City after the start of the calendar year will receive floating holidays on a prorated basis. Floating holidays are not cumulative and must be taken in the same calendar year credited and do not accumulate or carry over to subsequent years. 16