off topic Floating holiday pay on a compressed work schedule

[Tom Server]

This is an off-topic questions and would like to see what your thoughts are.

I work for a company that offers "Floating Holidays" each quarter. They state its time off for Holidays that they might not recognize. Here is the break down from the company.

Floating Holidays:

• The number of annual floating holidays for our salaried and FT corporate hourly employees is eight (8) days.
• The floating holiday grant schedule is as follows:
• January 1: 16 hours   
• April 1: 24 hours
• July 1: 24 hours

The email states we get 8 days per year. The grant schedule is allotted for 64 hours.  (8 days x 8 hours=64 hours)

 My question is... 

My job has regular shift (5 days x 8 hours = 40 hours) and compressed shift (4 days x 10 hours = 40 hours).

I work a compressed shift.

When I request to use my floating holiday, my boss makes me submit a request off form at 10 hours. 

So, by doing this I don't get 8 days off. I get 6 days and 4 remaining hours.  6 days x 10 hours= 60 hours, 4 hanging. from the total of 64. 

for me to get a 7th day off, I would have to use my 6 hours of my personal vacation hours/sick hours to make to 10 hours.

Does this sound correct? I believe the company is not taking in consideration, the compressed schedule.

They should either offer us 80 hours to use or when requesting to use a floating holiday as a day off to be entered at 8 hours?

Does anyone know the answer to this?

thanks