Sec. 5. (1) At the beginning of each year, an employer shall provide each qualified member of the employer with not less than 26 days of paid military leave. (2) An employer shall provide a qualified member or member described in section 7(4) using paid military leave both of the following: (a) Wages at a pay rate that is equal to the member's regular pay rate. (b) If the member is a member of a bargaining unit covered by a collective bargaining agreement to which the employer is a signatory, all contractually required fringe benefits and accruals normally provided in the course of the member's employment. (3) An employer shall not do either of the following: (a) Allow a qualified member to carry over any unused paid military leave from 1 year to the next year. (b) Provide financial or other reimbursement to a qualified member for any unused paid military leave. (4) Any unused paid military leave that an employer provides to a qualified member lapses at the end of the year in which the paid military leave is provided.