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7.1(3) Floating Holidays <br /> Each management and confidential employee shall be credited with three (3) floating <br /> holidays on January 1st of each year. Management and confidential employees hired <br /> after January 1st, but on or before June 1st, of any given year shall be credited with one <br /> (1) floating holiday. Floating holidays must be observed in the calendar year in which <br /> they are credited. <br /> 7.4 Vacation <br /> 7.4(1) Vacation Eligibility /Allowance <br /> Management and confidential employees shall accrue vacation with pay in accordance <br /> with the following schedule: <br /> Years of Service Hour Accnzal Rate Per Month <br /> First through fourth 6.667 <br /> Fifth through ninth 10.000 <br /> Tenth through fourteenth 13.334 <br /> Fifteenth 14.000 <br /> Sixteenth 14.667 <br /> Seventeenth 15.334 <br /> Eighteenth 16.000 <br /> Nineteenth and above 16.667 <br /> The maximum monthly accrual rate shall be 16.667 hours. <br /> 7.4(2) Vacation leave Deficits and Accumulation <br /> Management employees must take two weeks of accrued vacation annually. If the <br /> circumstances are such that a manager is unable to take any additional accrued annual <br /> vacation, said additional unused vacation may, with the knowledge of the City Manager <br /> be carried over to successive years. <br /> The maximum vacation hours confidential employees may accumulate by his/her <br /> anniversary date shall not exceed twice his/her annual vacation entitlement. If <br /> employment circumstances are such that an employee is not permitted to take all, or a <br /> portion of, his/her vacation, the employee may request permission from the City Manager <br /> to carry over said unused vacation to the next year. <br /> -8- <br />