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eighty (80) hours of severance pay. After fifteen (.15) years of service, the <br /> employee shall receive one hundred twenty (120) hours of severance pay plus an <br /> additional eight (8) hours of severance pay for each full year of service from <br /> sixteen (16) years of service to -twenty (20) full -years of service. After twenty <br /> (20) years of service, employees shall receive twelve (12) hours of severance pay <br /> for each complete year after twenty (20) years of service to a maximum of two <br /> hundred twenty-four (224) hours of severance pay for an employee with. twenty-five <br /> (25) or more full years of service.. <br /> The payment for severance shall be made within ninety (90) days of the date of <br /> last employment by mutual agreement of the EMPLOYER and employee, unless both <br /> agree to some other limitation. <br /> ARTICLE XV -- HOLIDAYS <br />' All permanent and probationary employees shall observe the following eleven (11) <br /> l <br /> paid holidays each year, in lieu of paid time off: <br /> New Years Day Labor Day <br /> Presidents Day Columbus Day <br /> Good Friday Veterans Day <br /> Memorial Day Thanksgiving Day <br /> Independence Day Friday following Thanksgiving Day <br /> Christmas Day <br /> The Special Duty Officer shall either take the above holidays off or may receive an <br /> additional eight (8) .hours in pay in lieu of the time off, based upon the demands of <br /> his or her work schedule and the needs of the EMPLOYER. <br /> ARTICLE XVI -- HOURS OF WORK, WORK SCHEDULES <br /> A normal work day for full time employees may be up to ten (10) hours. The normal <br /> • work week for full time employees shall be an averaged forty (40) hours. <br /> -7- <br />