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6.2B <br /> Page 10 <br /> upan retirement or separation, to eather or both of the 401(a) plans that the City <br /> maintains. <br /> For the purposes o�this section leave payouts shall be defined as vacation, in-lieu <br /> haurs, administrative holidays and any eiigible sick leave. <br /> Upon Council adoption of the benefits summary dated February Z005, all Executive <br /> Management personnel will participate in the City's payroll direct deposit program. <br /> YIY. LEA!!E <br /> a. Vacati�n — Vacatian accruais will be set by the City Manager based on years of <br /> service with City and total public sector years or years in the industry. <br /> Executive Management will accrue vacation based on years of service based on <br /> the tollowing schedule: <br /> • Date of Hire through the �ourth year of service — 3.077 hours per pay <br /> period, yields 80 hours of vacation per year). <br /> • Fifth through the ninth year of service — 4.615 hours per pay period, <br /> yields 120 hours of vacation per year. <br /> • Tenth through the sixteen year of service — 6.154 hours per pay period, <br /> yields 160 hours of vacation per year. <br /> • Seventeenth through the nineteenth year of service -- 6.923 hour per pay <br /> periad, yields 180 hours af vacation per year. <br /> • Twentieth and subsequent years af service — 7.692 hour per pay period, <br /> yields ZOa hours af vacation per year. <br /> Vacation leave shall not be accumulated in excess of two (2) years accrued <br /> vacation leave computed ta the 315t af December, except upon written <br /> authorization of the City Manager. <br /> • Itlness During Vacation - An employee who commences a scheduled <br /> vacation period and subsequently becames iEl before his or her vacation <br /> period has been completed shall be placed on sick leave. <br /> 4 <br />