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.w _ CITY OF NORTH OLMSTED ORDINANCE N0. 94-91 Page 5 t. Full-time employees who have completed twenty years through infinity are entitled to six weeks vacation; said vacation shall be taken during the twenty first year and all subsequent years thereafter. u. Any employee may be paid for vacation time in lieu of time off provided, however, that approval therefor is obtained from the employee's immediate supervisor and, in any event, all employees must take a minimum of five uninterrupted days off each year. v. If a day recognized as a Paid Holiday falls within an employee's vacation week, the employee shall have the option to be paid an extra eight (8) hours, at a straight time rate or take the holiday off at another time. SECTION 8: Life Insurance a. After one (1) month of full-time employment, salaried employees shall be covered by an eighteen thousand dollar ($18,000) group term life and AD&D policy at employers expense. b. Effective March 1, 1992 the covered amount shall be $20,000. c. To the extent permitted by insurance providers rules, employees may purchase additional life insurance, which shall be deducted from paychecks once a month. d. To the extent permitted by the insurance providers rules, employees may convert to individual policy upon termination of employment or retirement. SECTION 9: Health Insurance a. The Employer shall provide either individual or family medical insurance coverage, at the employees option for each full-time employee. Effective August 1, 1991 through December 31, 1991; the Employer shall pay a maximum of $370.67 toward the monthly health premium including riders (dental, vision, drugs). The Employer shall have the option of seeking alternate health insurance providers and will attempt to continue to offer at least two different plans.