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<br />6.28 <br />Page 15 <br /> <br />upon retirement or separation, to either or both of the 401(a) plans that the City <br />maintains. <br /> <br />For the purposes of this section leave payouts shall be defined as vacation, in-lieu <br />hours, administrative holidays and any eligible sick leave. <br /> <br />Upon Council adoption of the benefits summary dated February 2005, all Executive <br />Management personnel will participate in the City's payroll direct deposit program. <br /> <br />III. LEAVE <br /> <br />a. Vacation - Vacation accruals 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 /> <br />Executive Management will accrue vacation based on years of service based on <br />the following schedule: <br /> <br />. Date of Hire through the fourth year of service - 3.077 hours per pay <br />period, yields 80 hours of vacation per year). <br /> <br />· Fifth through the ninth year of service - 4.615 hours per pay period, <br />yields 120 hours of vacation per year. <br /> <br />. Tenth through the sixteen year of service - 6.154 hours per pay period, <br />yields 160 hours of vacation per year. <br /> <br />· Seventeenth through the nineteenth year of service - 6.923 hour per pay <br />period, yields 180 hours of vacation per year. <br /> <br />· Twentieth and subsequent years of service - 7.692 hour per pay period, <br />yields 200 hours of vacation per year. <br /> <br />Vacation leave shall not be accumulated in excess of two (2) years accrued <br />vacation leave computed to the 31st of December, except upon written <br />authorization of the City Manager. <br /> <br />. Illness During Vacation - An employee who commences a scheduled <br />vacation period and subsequently becomes ill before his or her vacation <br />period has been completed shall be placed on sick leave. <br /> <br />4 <br />