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<br />benefits as he or she would have occupied or accrued if there had been no <br />disruption in duty status. For the purpose of providing payment for Union <br />President's Leave time and for Union Business Leave time the City and the <br />Union agree to the creation of the following compensation time bank: <br /> <br />a. Any member of the Union who has a compensatory time balance, <br />vacation time or accrued in lieu holiday balance of at least two (2) <br />hours or more can voluntarily designate, in writing, that he or she will <br />contribute the value of such time to a bank to be used to pay for <br />President's Leave time and/or Union Business Leave time. In <br />addition, floating holiday pay may also be contributed, but only in <br />increments of eight (8) hours. Such bank shall be for the purposes <br />and subject to the restrictions provided herein. <br /> <br />b. The employees' vacation leave, compensatory time and/or accrued or <br />unused holiday pay balance will then be reduced by the amount of <br />hours transferred to the bank. <br /> <br />c. Vacation leave time, compensatory time and/or accrued floating or <br />in lieu holiday time, together with the cost of benefits shall be <br />converted to its dollar value at the rate of pay ofthe employee from <br />whom the leave was received. Those dollars (with benefit cost) shall <br />be placed in the Union Business Leave Bank. When the Union <br />Business Leave Bank is used in accordance with President's Leave <br />and Union Business Leave, dollars will be withdrawn from such <br />Union Business Leave Bank, equal to the hourly rate (with benefit <br />cost) ofthe employee utilizing the leave multiplied by the number of <br />hours of leave taken. Withdrawal requests from the bank will be for <br />the purpose of conducting Union business, which may include <br />grievance investigation, executive meetings, board of director <br />meetings, training and conventions sponsored by the Union, <br />attendance at grievances and Personnel Board hearings as witness for <br />the Union, President's Leave and other Union purposes as may be <br />determined by the President ofthe Union. Request for withdrawal <br />from the Bank shall be made only by the President or designee to the <br />Executive Director of Personnel Services on forms mutually agreed <br />to by the parties and furnished by the City. The Union President's <br />Leave or Union Business Leave slip shall be presented to the <br />Executive Director of Personnel Services by the Union for <br />withdrawal from the bank. All vacation leave, compensatory time <br />and accrued floating or in lieu holidays transferred to the bank are <br />final transfers and shall not be recoverable for re-credit to any <br />individual employee's vacation leave account, compensatory time <br />account, or accrued holiday time account. <br /> <br />63 <br />