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M.V. ORDINANCE NO. 90- 48 <br />Page 9 <br />(I) For not less than five (5) years nor more than ten <br />10) years' service, Twenty-Five Dollars ($25.00) <br />additional compensation per month. <br />(II) For not less than ten (10) Years nor more than <br />fifteen (15) years' service, Forty Dollars ($40.00) <br />additional compensation per month. <br />(III) For not less than fifteen (15) years nor more <br />than twenty (20) years' service, Fifty-Five Dollars <br />($55.00) additional compensation per month. <br />(IV) For more than twenty (20) years' service Seventy <br />Dollars ($70.00) additional compensation per month. <br />4. All full-time employees of the Municipality as of the date of passage <br />hereof shall retain, for the purpose of computing their longevity pay, <br />the years of service credited to their employment with the Municipality, as <br />currently appears on the personnel and payroll records of the Village. <br />D. Vacation Schedule <br />1. An employee hired prior to July 1 in any years shall for the purposes <br />of computing vacation only be considered to be in his second year of <br />employment on January 1st of the year following his year of employment. <br />2. An employee hired on or after July 1 in any years shall for the <br />purposes of computing vacation only be considered to be in his second year <br />of employment on January 1st of the year following the first anniversary of <br />his employment. <br />3. An employee hired prior to July 1 in any year shall be entitled to <br />three (3) days vacation in the year of his employment. <br />4. An employee hired on or after July 1 in any year shall in the year <br />following his employment be entitled to one (1) day of vacation for every <br />two (2) months of employment, not to exceed five (5) total vacation days. <br />Such vacation days shall not accrue until after the employee has worked <br />each two (2) month period. <br />5. All vacation time shall accrue to an employee on January lst of each <br />year and employees may take their vacation at any time within the calendar <br />year, subject to the approval of the head of the department in which the <br />employee works. <br />