Common use of Holiday Credit Accumulation Clause in Contracts

Holiday Credit Accumulation. (1) Employees may accumulate holiday credit up to a maximum of eighty (80) hours in a calendar year. Employees may not carry over more than eight (8) hours of holiday credit from one calendar year to the next. Any hours in excess of eight (8) not used by November 1 of the current year will be paid to the employee at his/her straight‐time rate on the first full pay period of December in the same calendar year. In the event it is not feasible or is impracticable to schedule an employee to use holiday credit prior to the end of the calendar year, the Library Director or designee may consider exceptions to this provision. (2) To be eligible for holiday pay, employees shall be in paid status the last scheduled workday before and the first scheduled workday after the recognized holiday. The Library shall not schedule unpaid suspensions for the purpose of disqualifying employees for eligibility for holiday pay. (3) Holiday Credit Earned (HCE) is based on the employee’s full‐time equivalent (FTE) (ex. 1 FTE (8 hours) earns 8 hours holiday credit and 0.5 FTE (4 hours) earns 4 hours holiday credit).