Common use of Holidays Worked Clause in Contracts

Holidays Worked. Subsection 1. Employees required to work on a holiday will be paid one and one- half times their regular rate of pay. An additional day will be granted in lieu of the holiday worked which will be compensated by the employee submitting in writing to the payroll department a request for one of the following: A. Pay at his/her regular rate. B. An additional day of rest granted which may be taken by the end of two calendar months following the month in which the holiday is earned, or June 30, whichever occurs first. C. Employees may accumulate six holidays to extend annual leave; however, they must be taken prior to June 30th of each year. Accumulated holidays as of June 30th will be compensated for at the employee's regular rate of pay. Requests to take accumulated holidays in any given fiscal year must be made prior to June 1st. Accumulation in excess of six days shall be paid in the pay period in which earned. Such request shall be submitted within five working days following the holiday or the holiday shall be accumulated up to the maximum and thereafter paid at the regular rate in the succeeding payroll period. Eligible part-time employees shall receive benefits granted in this section on a pro rata basis.