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<br />ARTICLE XXI - HOLIDAYS <br /> <br />21.1 r~~~~r~~hg~~R will provide eleven (11) paid holidays for calendar years <br />'jl!J!lirilrilfJ~('JJ,G. The holidays will be designated as follows: <br /> <br /> <br />New Year's Day <br />Martin Luther King Day <br />President's Day <br />Memorial Day <br />Fourth of July <br />Labor Day <br /> <br />Veteran's Day <br />Thanksgiving Day <br />Day After Thanksgiving <br />Christmas Day <br />One (1) Floating Holiday * <br /> <br />* Floating holiday to be taken at the discretion of the EMPLOYEE with the <br />EMPLOYER'S consent. <br /> <br /> <br />l'I~~I1;(~rj;Wil~~f~ <br /> <br />ARTICLE XXII - SICK LEAVE <br /> <br />Sick leave with pay shall be granted for all permanent p~~:~il1).e.~n~full:~i!Jl;;.m~.II,g~;I~s <br />in accordance with the City's current sick leave policy. 1~1.?f(()1J19u"'S(c~XI~a,~{lQ.i,i:JtiiifJ1 <br />q~'i!mll'qzf{1e!ltj;m .... ........ .........m .mm.. <br /> <br />ARTICLE XXIII - SEVERANCE PAY/ RETIREMENT INSURANCE CONTRIBUTION <br /> <br />23.1 After ten (10) years of continuous employment with the City, and employee of <br />this unit shall, upon honorable severance, receive one-half (1/2) of his/her <br />accumulated sick leave to a maximum of four hundred (400) hours as severance <br />pay. <br /> <br />23.2 Employees, retiring from the City's employment meeting the retirement <br />requirements of P.E.R.A. and qualifying under Section 23.1 may elect to receive, <br />in lieu of severance pay provided in Section 23.1, Employer-paid insurance <br />premiums toward medical/hospital insurance coverage. Said payment shall be <br />provided according to, and limited by, the following: <br /> <br />A. Total premium payments shall be limited to the value of one-half (1/2) the <br />accumulated sick leave of the employee upon retirement to a maximum of <br />four hundred (400) hours. <br /> <br />B. Premiums shall be only for those insurance plans or coverage available to <br />current employees of the unit. <br /> <br />C. In the event an employee electing this benefit chooses to discontinue this <br />coverage, the remaining cash value (cash value upon retirement less <br />premiums paid) shall be paid to the employee, and the employee shall <br /> <br />13 <br />