Vacation and Sick Leave Clause Example with 7 Variations from Business Contracts

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the The Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, all such voluntary absences in accordance with the following: (a) During the Term, the Executive shall be entitled to count annual vacation in any calendar year of four weeks, to be taken in accordance with the policies as vacation time; provided that: (a) periodically established... by the Company. (b) The Executive shall be entitled to an annual vacation sick leave (without loss of pay) in accordance with the Company's policies that the Board periodically establishes for senior management Executives of the Company. (b) The Executive shall not receive any additional compensation as in effect from the Company on account of his failure time to take a vacation, and the Executive shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive shall be entitled without loss of pay, to absent himself voluntarily from the performance of his employment with the Company for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such Board in its discretion may determine. (d) In addition, the Executive shall be entitled to an annual sick leave benefit as established by the Board. time. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the Executive The Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment duties under this Agreement, Agreement in accordance with the terms set forth below, all such voluntary absences to count as vacation time; provided that: (a) The Executive Employee shall be entitled to an annual vacation in accordance with the policies that periodically established by the Boa...rd periodically establishes for senior management Executives of employees at the Company. Bank. (b) The Executive Employee shall not receive any additional compensation from the Company Bank on account of his failure to take a vacation, and the Executive Employee shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive Employee shall be entitled without loss of pay, to absent himself voluntarily from the performance of his employment obligations with the Company Bank for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. approve. Further, the Board may grant to the Executive Employee a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such the Board in its discretion may determine. 2 (d) In addition, the Executive Employee shall be entitled to an annual sick leave benefit as established by the Board. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the Executive The Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment duties under this Agreement, Agreement in accordance with the terms set forth below, all such voluntary absences to count as vacation time; provided that: (a) The Executive Employee shall be entitled to an annual vacation in accordance with the policies that periodically established by the Boa...rd periodically establishes for senior management Executives of employees at the Company. Bank. (b) The Executive Employee shall not receive any additional compensation from the Company Bank on account of his failure to take a vacation, and the Executive Employee shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive Employee shall be entitled without loss of pay, to absent himself voluntarily from the performance of his employment obligations with the Company Bank for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. approve. Further, the Board may grant to the Executive Employee a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such the Board in its discretion may determine. (d) In addition, the Executive Employee shall be entitled to an annual sick leave benefit as established by the Board. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the Executive The Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment duties under this Agreement, Agreement in accordance with the terms set forth below, all such voluntary absences to count as vacation time; provided that: (a) The Executive Employee shall be entitled to an annual vacation in accordance with the policies that periodically established by the Boa...rd periodically establishes for senior management Executives employees of the Company. Bank. (b) The Executive Employee shall not receive any additional compensation from the Company Bank on account of his failure to take a vacation, and the Executive Employee shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive Employee shall be entitled entitled, without loss of pay, to absent himself voluntarily from the performance of his employment obligations with the Company Bank for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. approve. Further, the Board may grant to the Executive Employee a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such the Board in its discretion may determine. (d) In addition, the Executive Employee shall be entitled to an annual sick leave benefit as established by the Board. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the Executive The Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment duties under this Agreement, Agreement in accordance with the terms set forth below, all such voluntary absences to count as vacation time; provided that: (a) The Executive Employee shall be entitled to an annual vacation in accordance with the policies that periodically established by the Boa...rd periodically establishes for senior management Executives employees of the Company. (b) The Executive Employee shall not receive any additional compensation from the Company on account of his failure to take a vacation, and the Executive Employee shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive Employee shall be entitled entitled, without loss of pay, to absent himself voluntarily from the performance of his employment obligations with the Company for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. approve. Further, the Board may grant to the Executive Employee a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such the Board in its discretion may determine. (d) In addition, the Executive Employee shall be entitled to an annual sick leave benefit as established by the Board. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the The Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, all such voluntary absences to count as vacation time; provided that: in accordance with the following: (a) The Executive shall be entitled to an four weeks of annual vacation in any calendar year, to be taken in accordance with the policies that as periodically established by the... Board periodically establishes for senior management Executives similarly situated executives of the Company. (b) The Executive shall not receive any additional compensation from the Company on account of his failure to take a vacation, and the Executive shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive shall be entitled entitled, without loss of pay, to absent himself voluntarily from the performance of his employment with the Company for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion may determine. Further, the Board may shall be entitled to grant to the Executive a leave or leaves of absence, absence with or without pay, pay at such time or times and upon such terms and conditions as such the Board in its discretion may determine. (d) In addition, the (c) The Executive shall be entitled to an annual sick leave benefit (without loss of pay) in accordance with the Company's policies as established by the Board. in effect from time to time. View More

Vacation and Sick Leave. At such reasonable times as the Board shall in its discretion permit, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, all such voluntary absences to count as vacation time; provided that: (a) The Executive shall be entitled to an annual vacation in accordance with the policies that the Board periodically establishes for senior management Executives of the Company. (b) The Executive shall not receive ...any additional compensation from the Company on account of his failure to take a vacation, and the Executive shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. (c) In addition to the aforesaid paid vacations, the Executive shall be entitled without loss of pay, to absent himself voluntarily from the performance of his employment with the Company for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as such Board in its discretion may determine. (d) In addition, the Executive shall be entitled to an annual sick leave benefit as established by the Board. 4 10. Indemnification. The Company shall indemnify and hold harmless Executive from any and all loss, expense, or liability that he may incur due to his services for the Company as an officer and or a director (including any liability he may ever incur under Code § 4999, or a successor, as the result of severance benefits he collects pursuant to Sections 11 or 13), during the full Term of this Agreement and shall at all times maintain adequate insurance for such purposes. View More