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Section 8. Holidays <br /> <br /> Employees working shift work shall be compensated each <br /> year for working holidays through receipt of holiday in- <br /> lieu pay. Effective October 1, 1978, holiday in-lieu pay <br /> shall be seven and five-tenths percent (7.5%) of the <br /> employeels annual salary exclusive of any overtime and <br /> shall be in addition to the employeels regular monthly <br /> salary. Holiday in-lieu pay shall be paid-in two equal <br /> installments, the first installment paid on the first pay <br /> day after November 1, and the second installment paid on <br /> the first pay day after May 1. <br /> <br /> Employees shall receive pro-rated pay upon termination. <br />Section 9. Vacations <br /> <br />9.1 Vacation Eliqibility <br /> <br /> All full time employees in classification of police <br /> officer and police sergeant shall be entitled to annual <br /> vacation leave with pay except the following: <br /> <br /> 1) Employees who work on a provisional basis. <br /> 9.2 Vacation Accruals <br /> <br /> Effective March 1, 1991, each eligible employee shall <br /> accrue vacation as follows: <br /> <br /> Years of Continuous Service Accrual Rate Per Month <br /> <br /> First through fourth 6,667 <br /> Fifth through ninth 10.000 <br /> Tenth through fourteenth 13,334 <br /> Fifteenth 14.000 <br /> Sixteenth 14.667 <br /> Seventeenth 15,334 <br /> Eighteenth 16,000 <br /> Nineteenth and above 16.667 <br /> <br /> The maximum monthly accrual rate shall be 16.667 hours. <br /> <br /> An employee, except a probationary employee, may be <br /> allowed to incur a forty (40) hour deficit beyond his/her <br /> accrued sick leave. <br /> <br />9.3 Vacation Accumulation <br /> <br /> Effective January 1, 1978, an employee will be allowed to <br /> have an accumulation of no more than two (2) years' <br /> vacation accrual to his credit at any one time. <br /> <br />Memorandum of Understanding <br />Page 8 <br /> <br /> <br />