All employees in the Department of Police shall be entitled to fifteen (15) holidays per year. Each employee shall have the option of having up to fifteen (15) days off scheduled during the year or of having a lesser number of days off and receive pay for the difference between the number of scheduled days off and the fifteen (15) holidays to which he is entitled up to a maximum of fourteen (14) days for which he may be entitled to receive pay. In the event the employee elects to take days off, they are to be sched uled in a way as not to impair the operation of the shift or bureau. If the employee has elected to work up to fourteen (14) of these extra days in lieu of days off, then he shall be compensated at his regular straight time rate for having worked on those days. He shall be paid a bonus of ten (10) hours for each of the extra days scheduled.
The employee who elects to take the bonus payment in lieu of the extra scheduled days off shall receive up to one hundred forty (140) hours bonus pay to be distributed to him at the time he takes his regular vacation. The hours shall be payable at the rate of pay the employee earns for his vacation period.