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pay rate the City considers to be appropriate . <br /> ARTICLE IX - HOLIDAYS <br /> Section 1 . Legal holidays observed by full-time permanent and <br /> probationary employees covered by this Agreement are as follows : <br /> • January 1st - New Year' s Day. <br /> • Third (3rd) Monday in January - In observance of Martin <br /> Luther King Jr. ' s Birthday. (Effective January <br /> 1990) <br /> • Third (3rd) Monday in February - In memory of George <br /> Washington' s Birthday. <br /> • Last Monday in May - In commemoration of Memorial Day. <br /> • July 4th - In observance of Independence Day. <br /> • First (1st) Monday in September - In observance of <br /> Labor Day. <br /> • November 11th - In observance of Veteran' s Day. <br /> • Fourth (4th) Thursday in November - In observance of <br /> Thanksgiving Day. <br /> • The Friday immediately following Thanksgiving Day. <br /> • December 25th - In observance of Christmas Day. <br /> • Last working day before Christmas Day, unless Christmas <br /> falls on a Thursday, in which instance, the day <br /> following Christmas Day shall be observed in lieu <br /> thereof . <br /> • One (1) Floating Holiday - Any workday selected by the <br /> employee with prior permission of the employee' s <br /> supervisor. <br /> • Every day proclaimed by the Mayor of the City as a holiday <br /> for City employees . <br /> Any holiday which falls on a Sunday will be observed on the <br /> following Monday. Any holiday which falls on a Saturday will be <br /> observed on the Friday preceding the Holiday. <br /> Section 2 . Full-time permanent and probationary employees <br /> covered by this agreement shall be entitled to receive 96 hours off <br /> during the calendar year in lieu of the twelve (12) holidays <br /> specified in Section 1, supra. The 96 hours will be added to the <br /> employee' s "Time Off Bank, " as described in Article X Section 6 at <br /> the beginning of the calendar year. <br /> Said "time off" may be taken at any time during the calendar <br /> year with prior permission of the employee' s supervisor and subject <br /> to the operational needs of the department . However, if an employee <br /> who separated from the service of the City has taken time off for <br /> holidays in advance of the date or day the holiday actually <br /> occurred, he or she must pay the City the cash value for such used <br /> but unearned holiday time off benefits prior to or at the time of <br /> separation. <br /> 23 <br />