Annual Vacation Employee shall be entitled to twenty (20) business days of paid vacation during each year of this Agreement. Employee may be absent from his employment for vacation at such times as are pre-approved by the Employer’s Chief Executive Officer. Unused vacation shall not be carried over into the next year, and will not be paid in the form of cash.
ANNUAL VACATIONS Paid annual vacation for all employees covered by this Agreement shall be allowed as follows:
Annual Vacation Leave 33.01 An Employee shall not take vacation leave without prior authorization from the Employer.
Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no later than the fiscal year immediately following the fiscal year in which it is earned. Following the completion of six (6) months of service, the employee shall be entitled to use earned paid vacation.
Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.
Annual Vacation Entitlement (a) An Employee shall be entitled to receive annual vacation leave with pay:
PAID VACATIONS The Employee shall be entitled to annual paid vacations of six (6) weeks in each year of the Term and any extension of the Term at such times and for such periods as may be mutually acceptable to the Company and the Employee, in accordance with the Company’s policies governing vacations for its executive officers generally. Unused vacation in any given year shall not accumulate from year to year and Employee shall not be entitled to any cash payment for, or payment in lieu of, unused vacation time.
Time of Vacation (a) All vacation earned during one (1) vacation year shall be taken during the next following vacation year at a mutually agreeable time.
Splitting of Vacation Periods Annual vacation for employees with 10 days’ vacation or more shall be granted in one continuous period but may, upon request from the employee, be divided, subject to the approval of the Employer, provided that the following shall apply:
Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an employee's vacation period, he/she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and employee.