HOLIDAYS

PHK CPA observes the following holidays:

New Year's Day (January 1)

Memorial Day (last Monday in May)

Independence Day (July 4)

Labor Day (first Monday in September)

Thanksgiving (fourth Thursday in November) and the Friday after Thanksgiving

Christmas Eve (December 24)

Christmas (December 25)

New Year's Eve (December 31)

PHK CPA will grant paid holiday time off to all regular full-time employees.

Holiday pay will be calculated based on the employee's straight-time pay rate (as of the date of the holiday) times the number of hours the employee otherwise would have worked on that day. To be eligible for holiday pay, employees must work the last scheduled day immediately preceding the holiday, as well as the first scheduled day immediately following the holiday.

If a recognized holiday falls during an eligible employee's paid absence (such as vacation or sick leave), the absence for this day shall be credited to holiday pay instead of the other leave account. For example, if the employee is on vacation over the Memorial Day holidays, he would not be charged for a vacation day for Memorial Day and would instead receive regular holiday pay for that holiday.

If eligible non-exempt employees work on a recognized holiday, they will be paid double time for all hours worked on the holiday in lieu of receiving holiday pay.