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DES:~-~ f '22/90 (008/26) <br /> <br />holidays fall on a Saturday, the preceding Friday shall be <br />considered the holiday. Employees entitled to overtime <br />compensation pursuant to subdivision (v) above who are <br />required to work on a holiday shall be compensated at the <br />rate of two and one-half times such employee's established <br />rate of pay for the time worked. <br /> <br /> (vii) Life Insurance. Premiums attributable to life <br />insurance provided officers and employees of the Port of <br />Redwood City under any group life insurance plan or plans <br />which is or may be contracted for by the City of Redwood <br />City and which covers officers or employees of the Port of <br />Redwood City as well as those of the City shall be paid <br />proportionately fifty percent (50%) by the employee and <br />fifty percent (50%) by the Port of Redwood City. <br /> <br /> (viii) Educational Expense Reimbursement. Every <br />employee of the Port of Redwood City shall be eligible for <br />reimbursement of costs of tuition, registration fees, costs <br />of books and supplies, and other educational expenses <br />incurred in connection with enrollment in and successful <br />completion of, courses, of instruction related to such <br />employee's position of employment with the Port, or a higher <br />position with the Port, subject to all of the following: <br /> <br /> 1. The amount of such reimbursement shall not exceed <br /> $200 per ~iscal year (July 1 - June 30) for each <br /> such employee; <br /> <br /> <br />