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When the employee's vacation leave is converted to sick leave, the appropriate <br /> vacation credit shall be restored to the employee's earned vacation balance, and <br /> a reasonable opportunity to utilize this vacation credit shall be provided within <br /> the City's existing practices in order to avoid loss of vacation credit. <br /> bb In-Lieu Hours - In-Lieu Hours are established to recognize the inherent and <br /> distinctive terms and conditions of employment of Executive Management <br /> classifications. These positions are distinguished from all other merit system <br /> positions in that they serve solely at the pleasure of the City Manager or <br /> appointing authority in an exempt at will capacity, they may be removed without <br /> cause, and they are expected to work on call numerous hours beyond the regular <br /> work week without any additional form of compensation . <br /> In partial recognition of the extra work hours expected of these positions, in-lieu <br /> hours are established . Executive Management is eligible to receive one hundred <br /> sixty (160) hours per calendar year of in-lieu hours. This leave may be taken as <br /> time off, paid in cash for any portion of this leave remaining as of December 31 <br /> of the calendar year or may go into your 401-A account (based on your <br /> enrollment election). Newly appointed Executive Management employees who <br /> have served less than one full calendar year may receive a prorated portion of <br /> this leave at the discretion of the City Manager. <br /> Co Hooadav - The following are recognized holidays: <br /> New Year's Day <br /> Martin Luther King, Jr. Day (observed on the third Monday in January) <br /> Washington's Birthday (observed on the third Monday in February) <br /> Memorial Day (observed on the last Monday in May) <br /> Independence Day <br /> Labor Day (observed on the first Monday in September) <br /> Veterans Day (observed November 11) <br /> Thanksgiving Day <br /> The Day After Thanksgiving <br /> Christmas Eve <br /> Christmas Day <br /> New Year's Eve <br /> Two Administrative Holidays <br /> © Administrative Holiday - At the option of the employee, an employee may <br /> receive pay at the employee's straight-time rate of pay in lieu of one or both <br /> of the administrative holidays at eight (8) hours per administrative holiday. <br />