Holiday Sell Back. Employees may exercise their option to receive compensation in lieu of holiday leave up to the maximum as follows: Up to 144 hours times the employee’s straight time hourly rate (annual salary divided by annual hours of work) equals holiday compensation. Such compensation may be taken in lieu of leave with pay, subject to the following provisions: Prior to January 1 of each year, the employees in the bargaining unit performing 24- hour duty periods shall individually declare, on a form provided by the department, whether or not they wish to take such compensation in the form of cash payment in lieu of holiday leave. Upon receiving the forms completed, the Fire Chief or their designee shall determine whether or not it is in the best interest of the department to accept cash payment in lieu of holiday leave as indicated or reject the desires of the employees as a whole. It is understood that the procedures described herein for exercising the option to receive compensation in lieu of holiday leave may be invoked at any time if mutually agreed by the Employer and the Union.
Holiday Sell Back. Employees may opt to sell back earned Holiday hours in accordance with Section 17.5.
Holiday Sell Back. Employees may elect to sell back to the City up to the annual accrual of holiday hours. Employees shall be paid for such time at the straight time rate. Employees shall notify the employer during the month of June of each year of the agreement as to the number of unused holiday hours they wish to sell. Employees shall be paid for the cashed-in holiday hours no later than the first payday in November. The provisions of this section shall not affect an employee's right to compensation under Section E of this Article.
