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employee shall receive an hour of pay up to 96 hours per year. Payment is to be made on the <br /> first day in December of each calendar year. <br /> 22.2 Employees who are scheduled to work on New Year's Day, Martin Luther King Jr. Day, <br /> Presidents' Day, Memorial Day, Independence Day, Labor Day, Veterans' Day, <br /> Thanksgiving Day,Friday after Thanksgiving,Christmas Eve or Christmas Day shall receive <br /> an additional one-half hour of pay for each hour worked on each of these ten 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 warking shifts. Employees working a Monday through Friday <br /> schedule shall observe the holidays on the same days as the other City Employees. <br /> ARTICLE XXIII SICK LEAVE <br /> A. Each employee shall earn eight (8) hours of sick leave per month. <br /> B. Each employee shall be allowed to accumulate sick leave up to the m�imum amount <br /> of nine hundred sixty (960) hours. <br /> C. In addition any hours over 960 hours accrued shall go into a catastrophic sick leave <br /> bank which may be used any time the person is sick for more than 30 consecutive <br /> calendar days. The maximum accrued in this bank is 320 hours and is not useable for <br /> severance purposes under Article XXII. <br /> ARTICLE XXIV SEVERANCE PAY <br /> Each employee with at least three (3)years, but not 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 more <br /> of service with the Employer will receive,upon honorable termination of employment,one-half(1/2) <br /> of the employee's accumulated sick leave as severance pay. These funds shall be deposited into a <br /> designated Post-Employment Health Care Savings Plan. <br /> 15 <br />