Furloughs for Platoon Employees. Platoon employees shall be given four (4) twenty-four (24) hour furlough days off in lieu of the holidays below, and agree to work the holidays below if scheduled. This furlough time will be awarded at the rate of eight (8) hours per month for the purpose of record keeping. The furlough time shall be selected during the year that it is accrued. Platoon employees working on the following holidays shall receive an additional half-hour or compensation at their current rate of pay for each hour worked. The following shall be paid holidays for platoon employees. New Year’s Day (January 1) Xxxxxx Xxxxxx Xxxx’x birthday (3rd Monday in January) President’s Day (3rd Monday in February) Memorial Day (Last Monday in May) Independence Day (July 4) Labor Day (1st Monday in September) Veterans Day (November 11) Thanksgiving Day Friday following Thanksgiving Christmas Eve Christmas Day In the event the United States Government enacts legislation that adopts a new national holiday commemorating the events of September 11, 2001, the Village, shall grant employees the same benefits as the above listed holidays.