Common use of Floating Holiday Bucket Clause in Contracts

Floating Holiday Bucket. In lieu of the Admissions Day and Columbus Day holidays, all employees who have paid service in Payroll 02 shall be entitled to one-fifth (1/5) the employee’s regularly scheduled biweekly hours, not to exceed sixteen (16) hours of floating holiday time. This time may be taken beginning in Payroll 03 at a time agreeable to both employee and the appointing authority. An employee may accumulate a maximum balance of twenty-four (24) hours of floating holiday time. Any balance that exceeds twenty-four (24) hours or floating holiday time will automatically be reduced to the 24-hour maximum accrual limit. These holidays are not subject to terminal leave pay.

Floating Holiday Bucket. In lieu of the Admissions Day and Columbus Day holidaysDay, all employees who have paid service in Payroll 02 02, shall be entitled to one-fifth (1/51/5th) the employee’s regularly scheduled biweekly hours, not to exceed sixteen (16) hours of floating holiday time. This time may be taken beginning in Payroll 03 at a time agreeable to both employee and the appointing authority. An employee may accumulate a maximum balance of twenty-four (24) hours of floating holiday time. Any balance that exceeds twenty-four (24) hours or floating holiday time will automatically be reduced to the twenty-four (24-) hour maximum accrual limit. These holidays are not subject to terminal leave pay.

Floating Holiday Bucket. In lieu of the Admissions Day and the Columbus Day holidaysholiday, all employees who have paid service in Payroll 02 02, shall be entitled to one-fifth (1/5) the employee’s regularly scheduled biweekly hours, not to exceed sixteen (16) hours of floating holiday time. This time may be taken beginning in Payroll 03 at a time agreeable to both employee and the appointing authority. An employee may accumulate a maximum balance of twenty-four (24) hours of floating holiday time. Any balance that exceeds twenty-four (24) hours or floating holiday time will automatically be reduced to the 24-24 hour maximum accrual limit. These holidays are not subject to terminal leave pay.