Floating Holiday In each fiscal year covered by the term of this Memorandum each eligible employee available for a duty assignment on July 1, (as defined in Personnel Regulation H-2) shall accrue credit for hours of holiday time equal to the hours worked in the employee’s shift up to ten (10) hours. Each employee accruing such time shall comply with the following conditions:
Floating Holidays In addition to the authorized days in 9.2. each employee, including each academic employee, shall be authorized two (2) floating holidays of his/her choice per fiscal year.
Holidays Falling on Saturday or Sunday (a) For an employee whose workweek is from Monday to Friday and when any of the above-noted holidays fall on a Saturday and is not proclaimed as observed on some other day, the following Monday shall be deemed to be the holiday for the purpose of this agreement; and when a holiday falls on a Sunday and it is not proclaimed as being observed on some other day, the following Monday (or Tuesday, where the preceding section already applies to the Monday), shall be deemed to be the holiday for the purpose of this agreement.
Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday. The scheduling of the lieu day shall be subject to component negotiations this agreement.
Statutory Holiday Pay Employees who qualify for statutory holiday pay shall be paid an average day's pay on the Statutory Holidays above, based on the following: amount paid / days worked. “Amount paid” is the amount earned by the employee for work done during the thirty (30) calendars day period preceding the statutory holiday, including vacation pay but excluding overtime pay. “Days worked” is the number of days the employee worked or earned wages during that thirty (30) calendar day period.