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Subject to the approval of the Chief of Police, whose approval shall not be unreasonably denied, <br />existing employees, on a seniority basis, shall be afforded the opportunity to select their shift <br />assignment by November 1 of the preceding year. <br />13.07 All new bargaining unit employees must sign up for direct deposit upon hire. All current <br />bargaining unit employees must sign up for direct deposit within 60 days of the ratification of this <br />contract. <br />13.08 A compensatory time bank will be established, effective on the date this agreement is <br />ratified by the parties. Employees shall be eligible to receive either compensatory time or overtime <br />at the rate of time and one-half or the applicable overtime rate if not time and one-half. Employees <br />may accumulate no more than 80 hours of compensatory time. Employees eligible for such time <br />shall have the right to receive overtime pay or FLSA compensatory time. The employee will <br />choose his or her option on the appropriate form established by the employer in Precinct Manager. <br />Approval for use of compensatory time for time off will be based on the needs of the department <br />to the extent use of compensatory time for time off will not be unduly disruptive to the <br />department's operations. Any time in the compensatory time bank at the time of the employee's <br />termination will be paid. <br />ARTICLE 14 <br />OVERTIME <br />14.01 All overtime must be approved by the Chief of Police or his designated representative and <br />all assigned overtime must be worked and will be compensated for as provided in this Agreement. <br />14.02 Any hours of duty in excess of eight (8) hours within an employee's regularly scheduled <br />work day shall be compensated at the following rates: <br />Al <br />W <br />Time and one-half (1-1/2) for all hours on duty in excess of eight (8) hours. <br />Double time for all hours on duty in excess of twelve (12) hours. <br />Double time for all hours on duty in excess of eight (8) hours on the following holidays: <br />New Year's Day <br />Memorial Day <br />Independence Day <br />Labor Day <br />Thanksgiving Day <br />Christmas Day <br />Martin Luther King, Jr. Day <br />Veterans' Day <br />Presidents' Day <br />Good Friday <br />Juneteenth <br />Any employee scheduled off on any of the above listed eleven (11) holidays, who is <br />compelled to work, shall be compensated at the rate of double time. <br />9 <br />