(a) Credit for Full-time Employment. On the first day of the monthly pay period following completion of each qualifying monthly pay period of full-time service, a ten-month or twelve-month academic employee, executive employee, employee serving in an academic-administrative assignment, an employee serving in a class determined by the Chancellor to be equivalent to these classes after appropriate occupational studies and consultation, an employee designated by the Chancellor as confidential under the Higher Education Employer-Employee Relations Act, or a Management Personnel Plan employee shall receive two workdays of credit for vacation with pay.

(b) Credit for Less Than Full-time Employment.