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the beginning of the assignment for purchase of two (2) sets of motorcycle pants, Two Hundred Fifty Dollars ($250). Section 12. Holidays Full-time regular employees shall be entitled to the following holiday: New Year's Day; third Monday in January (Martin Luther King's birthday); Lincoln's Birthday; third Monday in February (Washington's Birthday); last Monday in May (Memorial Day); Independence Day; Labor Day; Admission Day; November 11 (Veterans' Day); Thanksgiving Day; the day after Thanksgiving Day; Christmas, and every day proclaimed a City Holiday by the Mayor. When a day herein listed falls on am employee's regular day off, the employee shall be entitled to a day off in lieu thereof within the calendar year. The day selected shall be subject to approval of the Police Chief. When such day herein listed falls on a Sunday, such day off in lieu thereof shall be the Monday following such Sunday, except as hereinafter provided. Each employee represented by the Association shall also be entitled to one floating holiday which shall be scheduled at time mutually convenient to the employee and the Police Chief. The floating holiday must be taken during each calendar year and may not be carried over to another calendar year or converted to pay. To the extent that operating conditions allow, employees are to be given the day off on the date of the holiday. Where operating conditions require established organized shifts to be regularly manned without regard to holidays, the Police Chief shall designate by list the positions required to be manned. The list of positions so designated shall be subject to approval of the City Manager, and shall be filed with the Personnel Director and the Finance Director. If an employee holding a position on such a list works an established organized shift on a holiday, the employee can receive regular pay plus one and one-half times the regular hourly rate of pay times the hours worked on the holiday. As an alternate, the employee may receive regular pay for the holiday plus compensatory time off at the one and one-half time rate. Such time off shall be considered compensatory time, subject to the San Leandro Police Department sign-up procedure. When a day herein listed as a holiday falls on a regular day off for an employee holding a position on such list, such employee shall be entitled to a day off in lieu thereof during the succeeding calendar year, or current calendar year with departmental approval according to the same sign-up procedure. The above provisions shall be effective as to any employee transferred to a position designated as required to be manned without regard to holidays on the approved list, and shall cease to be effective as to an employee transferred from such a position, as of the date of the transfer. When employment of a person occupying a position on the approved list is terminated, the employee shall receive compensation for holidays accrued in