HOLMES AND NARVER ENGINEERS Page 1 of 2 Contract AT-(29-1) -507 OVERTIME, HOLIDAY, VACATION AND SICK LEAVE POLICIES Fiscal Bulletin No. 1, January 25, 1950 TO: THE STAFF FROM: C. H. THOMPSON, CHIEF FISCAL OFFICER The following Overtime, Holiday, Vacation and Sick Leave Policies are effective for all On-Continent employees of Holmes & Narver: WORK SCHEDULE AND COMPENSATION: (a) Salaried employees' regular weekly compensation (up to and including Chiefs of Departments) is based on a 40-hour work-week schedule. Work in excess of 8 hours per day, or 40 hours per week is payable at time and one-half rate (except for the Executive Staff), when au- thorized in writing by the Management. (bo) Hourly wage employees' compensation is based on straight time rate up to 8 hours per day or 40 hours per week with time and one-half rate for time worked in excess of 8 hours per day or 40 hours per week, when authorized in writing by the Management. HOLIDAYS WITH PAY: days: The following holidays are non-work days, but are paid for as work New Year's Day Labor Day Independence Day Christmas Day Memorial Day Thanksgiving Day To qualify for Holiday pay, employees must be at work or receive leave pay for the work days proceding and following the holiday. VACATION LEAVE WITH PAY: All employees will be credited with 5/6 of a day vacation leave per month after each calendar month of service. The vacation year period for the purpose of accruing vacation leave with pay, begins with the month of May and ends with the month of April. For the first month of employment, vacation leave will be accrued only when the employee is hired prior to the 16th of the month, in such case 5/6th of a day of vacation leave will be granted. 11-66