Authorized Holiday Bank. Employees will have the option of receiving either holiday pay or placing the holiday pay hours, or portion thereof, in an authorized holiday bank. Employees will be allowed to accumulate up to eighty-two (82) hours of authorized holiday bank time. Once authorized holiday hours have been placed in the holiday bank, it must be taken as scheduled leave time. Holiday bank hours will be computed from regular pay sheets and maintained by the Police Department. Upon separation from City service, an employee will be compensated for authorized holiday hours left in the holiday bank at the employee's regular hourly rate of pay at the time of separation. Holidays which occur during a vacation, sick, funeral, or injury leave shall not be charged against that leave. An employee absent without authorized leave on the last working day preceding or the first working day following an authorized holiday shall not receive regular compensation for the holiday.
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