Election for HCT. All 56-hour work week, 24-hour shift employees who have satisfactorily completed their entry-level probationary period may elect to receive holiday compensatory time in lieu of holiday pay, as provided in Paragraph 2 (above). The election of HCT will be made by the employee in writing prior to January 1 and July 1 of any fiscal year, and such election shall remain in force and effect until changed at a subsequent election. HCT will be earned at the rate of twelve (12) hours per holiday after the holiday is worked, and be subject to a maximum of four hundred and eighty (480) hours, after which all accrued hours will be paid in accordance with Paragraph F (below).
