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104.03: BENEFITS: A. Employee Benefits: Employees hired in regular full-time positions are eligible to receive sick lea-Ie, vacation Paid Time Off, paid holidays and any other benefits which are approved by council resolution. Regular part-time employees who work at least twenty (20) hours per week are eligible for paid holidays on a pro rata basis and any other benefits which are approved by council resolution. B. Service Credit: Service credit for a regular or probationary full-time employee begins on the date of employment and is calculated as follows: I. Full-Time Employee, Twelve or More Days: A regular or probationary full-time employee who works twelve (12) or more days in a calendar month will receive full service credit for that month. 2. Full-Time Employee, Twelve Or Less Days: A regular or probationary full-time employee who works less than twelve (12) days in any calendar months will not receive service credit for that month unless the time off is covered by approved sick leave, vacation, military leave or family/medicalleave. 3. Temporary Employee Transferred to Full-Time: A temporary employee transferred to a regular position will not receive any service credit for service prior to such transfer. 4. Regular Part-Time Employee Transferred to Full-Time: A regular, part-time employee who transfers to a regular full-time position will receive credit for prior service. The prior service will be calculated by multiplying the number of months of prior service by the budgeted full-time equivalent status ofthe part-time position. C. Vaeation Policy: The objective of vacation policy is to provide employees with a period of rest and relaxation. Vaeation will ee granted to eligiBle cm\lloyees aeeording to earned serviee eredit. Paid Time Off: Paid Time Off is provided to allow emplovees equitable leave time for both illness and rest and relaxation. Paid Time Off will be granted to eligible emplovees according to earned service credit. D. Legal Holidays Occurring during Paid Leave Period: When a recognized holiday falls on a working day during an employee's vaeatien or dtlring a \leriod ef aJ3\lroved, \laid siek leayo Paid Time Off, the day of the holiday will not be counted as a day of vacation or sick leave Paid Time Off. E. Rate ef f.eeumulation for Vaeatien: Repliar ftlll time em\lleyees shall earn yaeation at the follewing rates: I. First Threugh Feurth Year: Beginning ':Iith the initial date ef cHIflleymcnt through the end ofthe f{lUrth year of serviee eredit, the em\lleyee shall earn six and sixty seyen hundredths (6.67) hems of'iaeation per month. 2. Fifth through Feurteenth Year: Beginnillg ':Iith the fifth year efservice credit threugh the end efthe feurtoonth year of service eredit, the employee shall earn ten (10) hours of yacatien \ler month. 3. Fifteenth Year On: Beginning with the fifteenth year of seriice eredit, the cHIflloyee shall earn thirteen and thirty three hundredths (13.33) hours efyacation per month. Rate of Accumulation of Paid Time Off: Regular full-time employees shall earn Paid Time Off at the following rates: I. First Through Fourth Year: Beginning with the initial date of emplovment through the end of the fourth vear of service credit. the employee shall earn 5.538 hours bi-wkly. 2. Fifth through Fourteenth Year: Beginning with the fifth vear of service credit through the 2