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15 <br />223749v5 <br />shall receive an additional one-half hour of pay for each hour worked on each of these <br />eleven holidays. <br />22.3 Holiday hours commence at 0000 hours and end at 2359 hours on the actual day of the <br />holiday for employees working shifts. Employees working a Monday through Friday <br />schedule shall observe the holidays on the same days as the other City Employees. <br /> <br />ARTICLE 23 SICK LEAVE <br /> <br /> 23.1. Each employee shall earn eight (8) hours of sick leave per month. <br /> 23.2. Each employee shall be allowed to accumulate sick leave up to the maximum amount of <br />nine hundred sixty (960) hours. <br /> 23.3. In addition any hours over 960 hours accrued shall go into a catastrophic sick leave bank <br />which may be used any time the person is sick for more than 30 consecutive calendar days. The <br />maximum accrued in this bank is 320 hours and is not useable for severance purposes under Article <br />24. <br />ARTICLE 24 SEVERANCE PAY <br /> <br />24.1 Accumulated sick leave balance <br />Each employee with at least three (3) years, but less than twelve (12) years, of service with the <br />EMPLOYER will receive, upon honorable termination of employment, one-third (1/3) of the <br />employee's accumulated sick leave as severance pay. Each employee with twelve (12) years or <br />more of service with the Employer will receive, upon honorable termination, one-half (1/2) of the <br />employee’s accumulated sick leave as severance pay. Upon honorable termination, the <br />employee’s sick leave balance shall be paid into the Post Employment Health Care Savings Plan <br />as defined in this labor agreement. <br /> <br />24.2 Accumulated Vacation and Comp Time balances <br />Each employee will have their unused vacation and comp time balances paid out in cash to the <br />employee upon termination of employment. <br /> <br />ARTICLE 25 POST EMPLOYMENT HEALTH CARE SAVINGS ACCOUNT <br />