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to holidays on the approved list, and shall cease to be effective as to any employee transferred from such a position, as of the date of transfer. When employment of a person occupying a position on the approved list i s terminated, his/her entitlement for the holiday leave shall be prorated on the ratio of time served to the entire calendar year. Final compensation shall be adjusted on the basis of days taken in lieu of holidays as against the entitlement as so calculated. The foregoing holiday provisions do not apply to hourly or part-time employees. Any Police Services Aide and Administrative Specialist - Police in the Police Department assigned to the patrol, records or traffic division and who is subject to a rotational schedule may receive for any eight (8) hours holiday worked, one and one-half times the straight time rate of pay or compensatory time off at the one and one- half time rate. The employee may be compensated in payment at the overtime rate for the equivalent of four (4) hours, and the remaining eight (8) hours of holiday time will remain in the holiday account. In the event the employee elects compensatory time off the accrued time shall be placed in the employee's compensatory time off balance, not to exceed forty (40) hours. The term "compensatory time" refers to that time earned and accrued by working any overtime or holiday. For Police Services Aide or Administrative Specialist - Police employees, compensatory time may be used, and replaced, without regard to frequency of use, as long as the account balance does not exceed forty (40) hours. Once a Police Services Aide or Administrative Specialist - Police employees, compensatory time off balance exceeds forty (40) hours, the employees shall be compensated in pay. A Police Services Aide or Administrative Specialist -Police employee may schedule accrued compensatory time and the Department will schedule a relief employee as available. If not available, the Department will post the vacancy for a volunteer employee to sign for, on an overtime basis. The volunteer employee will only be compensated in pay for the overtime worked at the overtime rate of one and one- half times the hourly rate based on the employee's monthly salary. This process shall be consistent with the San Leandro Police Department sign-up procedures. Section 15. Reallocation of Position An employee in a position reallocated to a lower class shall have the right of either (1) transferring to a vacant 15