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Section 5. Special Compensation <br /> 5.1 Standby Pav <br /> Deputy Chiefs assigned to a standby schedule shall be compensated in an amount equal <br /> to two percent (2 %) of the Deputy Chief control point listed in Appendix A. Division <br /> Chiefs assigned to a standby schedule shall be compensated in an amount equal to seven <br /> and one -half percent (7.5 %) of the Division Chief control point listed in Appendix A. <br /> Standby pay shall be paid biweekly. <br /> Section 6. Health and Welfare <br /> All Management employees will receive health and welfare benefits the same as other <br /> • comparable managers in their respective city's of employment. <br /> Section 7. Leaves <br /> 7.1(1) Observed Holidays. <br /> Annual observed holidays for managers on a 40 hr, Monday through Friday schedule are <br /> as follows: <br /> A. New Year's Day <br /> B. The third Monday in January, known as "Martin Luther King Day" <br /> C. The third Monday in February, known as "Washington Day" <br /> D. The last Monday in May, known as "Memorial Day" <br /> E. July 4th <br /> F. The first Monday in September, known as "Labor Day" <br /> G. The eleventh day of the eleventh month, known as "Veteran's Day" <br /> H. Thanksgiving Day <br /> I. The Friday following Thanksgiving Day <br /> J. Christmas Eve Day <br /> K. Christmas Day <br /> L. New Year's Eve <br /> 7.1(2) Holidays Falling on Saturday. Sunday or Scheduled Day Off <br /> When a holiday falls on a Sunday, the following Monday shall be observed; when a <br /> holiday falls on a Saturday, the preceding Friday shall be observed; except that if <br /> Christmas Eve day falls on a Saturday or Sunday, the preceding Friday shall be observed. <br /> -4- <br />