Floating Holiday Time Clause Samples

Floating Holiday Time. Employees are provided with 35 hours of Floating Holiday Time in July of each year (prorated for new-hires following completion of six (6) months of full-time/continuous service). This time off is used by the employee with the approval of their supervisor. Employees may cash-out up to 35 hours of Floating Holiday Time, one time per fiscal year, in one set number of hours, payable at the employee’s existing base rate of pay at the time of request. Payment will be made with the regular payroll check run nearest the request of the cash-out (requires minimum of 10 working days prior to request). Any remaining Floating Holiday Time will be paid out in the final payroll check of each fiscal year. Except for employees retiring from the City, employees resigning or separating from employment will have Floating Holiday Time credited on a prorated basis (2.916 hours per month), and amounts used/cashed-out in excess of those they qualify for are owed back to the City upon separation. The difference will be deducted from the employee’s final check(s), or in the event that sufficient funds are not available, the employee will be responsible to pay back the City within 14 calendar days from the date of separation.

Floating Holiday Time. Following completion of six (6) months of continuous full-time City service, an employee will be credited with 3-1/2 days (35 hours) of Floating Holiday Time. Thereafter, employees are credited with 3-1/2 (35 hours) floating holidays in July of each year. Employees will be permitted use of floating holiday time or conversion of said holiday time to cash in accordance with the provisions set forth in this Memorandum of Understanding and established City policies. (Refer to Holiday Pay section.) Except for employees retiring from the City, employees resigning/separating from employment will have Floating Holiday Time credited on a prorated basis (2.916 hours per month), and amounts used/cashed out in excess of those they qualify for are owed back to the City upon separation. The difference will be deducted from the employee’s final check(s), or in the event that sufficient funds are not available, the employee will be responsible to pay back the City within 14 calendar days from the date of separation.

Floating Holiday Time. A. In a good faith effort to further its commitment to diversity, equity and inclusion, the Library will provide employees with paid time off beyond the holidays historically recognized in collective bargaining agreements. Doing so increases the opportunity for employees to use paid time off on days that may have personal, cultural, religious, or other significance to them (e.g. religious holidays, Women’s Equality Day, Pride Day, Veterans Day, Cinco ▇▇ ▇▇▇▇, National Indigenous Peoples Day). B. Full-time employees who are employed as of January 1 of any year during this Agreement will be granted sixteen (16) hours of Floating Holiday Time on the last pay date of each calendar year for use in the following calendar year. A full-time employee hired after January 1 of any year but on or before October 31st of that year will be granted eight (8) hours of Floating Holiday Time to be used during the balance of that calendar year. The Floating Holiday Time benefit will be pro-rated for part-time employees. C. For calendar year 2022 only, full-time employees employed as of January 1, 2022 will be granted sixteen (16) hours of Floating Holiday Time on April 1, 2022 or the effective date of the Agreement, whichever is later. Said benefit shall be pro-rated for part-time employees. D. Floating Holiday Time will be tracked as a separate accrual from vacation, sick leave, compensatory time, and holiday comp time and may be used by an employee prior to the use of these other forms of accrued paid time. E. Floating Holiday Time may be used in minimum increments of one (1) hour and use is subject to approval of the Library so that it does not interfere with the operation of the Library. F. Floating Holiday Time must be used within the calendar year and is not carried over to the following calendar year. Floating Holiday Time will not be paid out upon separation from employment.