Common use of Paid Time Off Benefits Clause in Contracts

Paid Time Off Benefits. Xxxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxxxx’x employment, unless Xxxxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxxxx Xxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxxxx Xxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxxxx’x Xxxxx’ employment, unless Xxxxxx’x Xxxxx’ employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxxxx Xxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxxxx Xxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxxxx’x Xxxx’x employment, unless Xxxxxx’x Xxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxxxx Xxxxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxxxx Xxxxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxxxx’x Xxxxxxx’x employment, unless Xxxxxx’x Xxxxxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.