Holiday on a Normal Day Off. If a holiday falls on an employee's normal day off, the holiday will be "banked" for future time off with pay and/or pay out at separation. Banked holiday hours carryover from year to year and employees will accumulate banked holidays up to a maximum of three hundred and sixty (360) hours. Hours above the 360- hour limit will be lost annually at the end of the pay period that includes July 1. Employees schedule paid time off using banked holidays as they would annual leave.
1. Up to three hundred and sixty (360) hours of banked holiday hours are paid out at the end of the Employee's career. If an employee is subject to an involuntary layoff or if there is a pre-retirement death, all accumulated banked holiday hours will be paid to the employee or the employee's beneficiary(s) at their then current rate of pay.
Holiday on a Normal Day Off. An eligible employee who does not work on a holiday because it is a normal day off shall receive another day off as per current practice.
Holiday on a Normal Day Off. Should a holiday fall on the HPSA Members’ regularly scheduled day off, the Member shall bank the equivalent hours for future time-off with pay. All HPSA Members will be required to bank holidays that fall on normal days off.
(a) For the term of this Agreement, HPSA Members will not be limited in the number of hours of banked holidays accumulated. Holiday hour banks will carry over from year to year and must be utilized prior to termination or retirement. Any hours remaining at termination or retirement will be forfeited. Banked holiday hours must be scheduled in the same manner as annual leave.
(b) In the event of an HPSA Members death, the CITY shall pay 100% of the Members unused banked holiday hours per the provisions of Article 5 Section 4 (a).
(c) In the event an HPSA Member is subject to layoff per the provisions of Article 24 of this Agreement, they would be paid for unused banked holiday hours at the time of layoff.
