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C. For the period becember 1, 2011 and ending June 30, 2013, no employees <br />covered by this Agreement will be permitted to cash out any compensatory <br />time off except if leaving the employ of the City. <br />Article Ili', Section 9.3 <br />9.3 Cash Option. <br />For the period December 1, 2011 and ending June 30, 2013, all employees <br />covered by this Agreement shall defer, for the duration of Fiscal Years 2011-12 <br />and 2012-13, an employee's ability to cash out annual holiday leave benefits. The <br />ability to cash out annual holiday leave benefits shall be re-instated July 1, <br />2013. Such deferral shall not affect an employee's ability to be compensated <br />for all accumulated leave upon termination of employment with the City. <br />Effective July 1, 2013, employees covered by this Agreement shall be given <br />an option twice per calendar year to receive cash compensation ("cash out") <br />computed on a straight time basis in exchange for eighty (80) hours of their <br />annual holiday leave benefits set forth in Section 9.2 above. Specifically, <br />employees may cash out up to 40 hours of holiday leave benefits in April of <br />each calendar year and an additional 40 hours of holiday leave benefits in <br />November of each calendar year. An employee that does not cash out <br />holiday leave benefits in April may cash out a maximum of 80 hours of <br />holiday leave benefits in November. <br />Article 1, Section 10.3 <br />10.0 VACATION <br />10.3 Longevity Vacation <br />E. Effective July 1, 2005, employees covered by this Agreement shall be given an <br />option once per calendar year, to receive cash compensation computed on a <br />straight time basis in lieu of up to a total of forty (40) hours of their <br />longevity vacation leave benefits set forth in Subsection A above. <br />G For the period December 1, 2011 and ending June 30, 2013, all employees <br />covered by this Agreement shall defer, for the duration of Fiscal Years 2011- <br />12 and 2012-13 an employee's ability to cash out longevity vacation time. The <br />ability to cash out longevity vacation time shall be re-instated July 1, 2013.