Common use of Paid Time Off Clause in Contracts

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 46 contracts

Samples: Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc)

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Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 26 contracts

Samples: Employment Agreement (eFFECTOR Therapeutics, Inc.), Employment Agreement (Zogenix, Inc.), Employment Agreement (Locust Walk Acquisition Corp.)

Paid Time Off. During the Term, Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy policies and as otherwise provided for senior executive officers, but in no event shall Executive as it may be entitled amended from time to less than four (4) weeks of PTOtime.

Appears in 22 contracts

Samples: Executive Employment Agreement (F45 Training Holdings Inc.), Executive Employment Agreement (F45 Training Holdings Inc.), Executive Employment Agreement (Apogee Therapeutics, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers; provided, but in no event however, that Executive shall Executive be entitled to less than four a minimum of twenty (420) weeks days of PTOPTO per year.

Appears in 20 contracts

Samples: Employment Agreement (Zentalis Pharmaceuticals, Inc.), Employment Agreement (Zentalis Pharmaceuticals, Inc.), Employment Agreement (Zentalis Pharmaceuticals, Inc.)

Paid Time Off. The Executive shall be entitled to such periods four weeks of paid time off (“PTO”) each year as provided under to be taken in accordance with the Company’s standard PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOpolicies.

Appears in 10 contracts

Samples: Executive Employment Agreement (Kiromic Biopharma, Inc.), Executive Employment Agreement (Kiromic Biopharma, Inc.), Executive Employment Agreement (Kiromic Biopharma, Inc.)

Paid Time Off. During the Term, the Executive shall be entitled to such periods of paid time off ("PTO") of five weeks taken in accordance with the PTO policy of the Company during each year as provided under of the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOTerm.

Appears in 8 contracts

Samples: Employment Agreement (First Nationwide Parent Holdings Inc), Employment Agreement (First Nationwide Holdings Inc), Employment Agreement (First Nationwide Parent Holdings Inc)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise guidelines; provided for senior executive officers, but in no event that Executive shall Executive be entitled to less than at least four (4) weeks of PTOPTO per year.

Appears in 7 contracts

Samples: Employment Agreement (Cadence Pharmaceuticals Inc), Employment Agreement (Cadence Pharmaceuticals Inc), Employment Agreement (Cadence Pharmaceuticals Inc)

Paid Time Off. During the Term, Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy policies and as otherwise provided for senior executive officers, as it may be amended from time to time, but in no event shall Executive be entitled to less than four (4) weeks 20 days of PTOPTO per year.

Appears in 6 contracts

Samples: Executive Employment Agreement (Piedmont Lithium Inc.), Executive Employment Agreement (Piedmont Lithium Inc.), Executive Employment Agreement (Piedmont Lithium Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOmanagement.

Appears in 6 contracts

Samples: Employment Agreement (Oncternal Therapeutics, Inc.), Employment Agreement (Oncternal Therapeutics, Inc.), Employment Agreement (Oncternal Therapeutics, Inc.)

Paid Time Off. Executive shall be entitled to such periods four weeks (20 working days) of paid time off (“PTO”) each year as provided under per annum during the Employment Term, which will accrue pursuant to the Company’s PTO policy policies and practices and is to be taken at such time or times as otherwise provided shall be mutually convenient for senior executive officersthe Company and Executive; provided, but in no event however, that the Company may elect to increase the annual time to which Executive shall Executive be entitled to less than four (4) weeks of PTO. Unused PTO shall be allocated pursuant to the Company’s policies and practices.

Appears in 6 contracts

Samples: Employment Agreement (Arqule Inc), Employment Agreement (Arqule Inc), Employment Agreement (Arqule Inc)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four three (43) weeks of PTO.

Appears in 3 contracts

Samples: Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.)

Paid Time Off. During the Term, the Executive shall be entitled to such periods of paid time paid-time-off (PTO) each year as provided under in accordance with the Company’s PTO policy plans, policies, programs and as otherwise provided for practices of the Company applicable to its senior executive officersexecutives, but in no event which the parties acknowledge shall Executive not be entitled to less than four (4) weeks of PTOper calendar year.

Appears in 3 contracts

Samples: Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.)

Paid Time Off. During the Term of this Agreement, the Executive shall be entitled to such periods of paid time off ("PTO") each year as provided under in accordance with the Company’s PTO policy and policy, as otherwise provided for senior executive officersit may be amended from time to time, but in no event shall Executive it be entitled to less than four (4) weeks of PTOper year.

Appears in 3 contracts

Samples: Employment Agreement (Postal Realty Trust, Inc.), Employment Agreement (Postal Realty Trust, Inc.), Employment Agreement (Postal Realty Trust, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event ; provided that Executive shall Executive be entitled to less than accrue at least four (4) weeks of PTOPTO per year.

Appears in 3 contracts

Samples: Employment Agreement (Evoke Pharma Inc), Employment Agreement (Evoke Pharma Inc), Employment Agreement (Evoke Pharma Inc)

Paid Time Off. Executive shall be entitled to such periods four weeks (20 working days) of paid time off ("PTO") each year per annum during the Employment Term, to be taken at such time or times as provided under shall be mutually convenient for the Company’s PTO policy Company and as otherwise provided for senior executive officersExecutive; provided, but in no event however, that the Company may elect to increase the annual time to which Executive shall Executive be entitled to less than four (4) weeks of PTO. Unused PTO shall be allocated pursuant to the Company's existing policies and practices.

Appears in 2 contracts

Samples: Employment Agreement (Arqule Inc), Employment Agreement (Arqule Inc)

Paid Time Off. The Executive shall be entitled to such periods up to five (5) weeks of paid time off ("PTO") each year as provided under per calendar year. Such PTO shall accrue without cancellation, expiration or forfeiture, subject however to the Company’s policy of the Company that no PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive may be entitled to less than four (4) weeks of PTOcarried over from any prior year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Dynatronics Corp), Employment Agreement (Dynatronics Corp)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officersmanagement, but in no event shall Executive be entitled to less than four starting with twenty (420) weeks days of PTOPTO the first year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Oncternal Therapeutics, Inc.), Employment Agreement (Oncternal Therapeutics, Inc.)

Paid Time Off. During the Term, the Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under in accordance with the Company’s PTO policy and policy, as otherwise provided for senior executive officersit may be amended from time to time, but in no event shall Executive it be entitled to less than four (4) weeks of PTOper year.

Appears in 2 contracts

Samples: Employment Agreement (Postal Realty Trust, Inc.), Employment Agreement (Postal Realty Trust, Inc.)

Paid Time Off. During the Term of this Agreement, the Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under in accordance with the Company’s PTO policy and policy, as otherwise provided for senior executive officersit may be amended from time to time, but in no event shall Executive it be entitled to less than four (4) weeks of PTOper year.

Appears in 2 contracts

Samples: Employment Agreement (Postal Realty Trust, Inc.), Employment Agreement (Postal Realty Trust, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event ; provided that Executive shall Executive be entitled to less than four at least twenty (420) weeks days’ of PTOPTO per year.

Appears in 1 contract

Samples: Employment Agreement (Crinetics Pharmaceuticals, Inc.)

Paid Time Off. The Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 1 contract

Samples: Employment Agreement (Foundation Building Materials, Inc.)

Paid Time Off. Executive shall be entitled to such periods four weeks (20 working days) of paid time off (“PTO”) each year per annum during the Employment Term, to be taken at such time or times as provided under shall be mutually convenient for the Company and Executive; provided, however, that the Company may elect to increase the annual time to which Executive shall be entitled to PTO. Unused PTO shall be allocated pursuant to the Company’s PTO policy existing policies and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOpractices.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 1 contract

Samples: Employment Agreement (Skinmedica Inc)

Paid Time Off. The Executive shall be entitled to such periods four (4) weeks of paid time off (“PTO”) each to be taken at such times as may be approved by the Board. PTO earned in one calendar year as provided under may not be used in any subsequent calendar year. Upon the termination of the Executive’s employment with the Company’s PTO policy and as otherwise provided for senior executive officers, no cash shall be paid in lieu of accrued but in no event shall Executive be entitled to less than four (4) weeks of unused PTO.

Appears in 1 contract

Samples: Executive Employment Agreement (Innovate Biopharmaceuticals, Inc.)

Paid Time Off. The Executive shall be entitled to such periods four weeks of paid time off (“PTO”) each year as provided under to be taken in accordance with the Company’s standard PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.policies. ​

Appears in 1 contract

Samples: Executive Employment Agreement (Kiromic Biopharma, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officersmanagement, but starting with twenty (20) days of PTO in no event shall Executive be entitled to less than four (4) weeks of PTOthe year commencing on the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Oncternal Therapeutics, Inc.)

Paid Time Off. During the Term, the Executive shall be entitled to such periods of paid time paid-time-off (PTO) each year as provided under in accordance with the Company’s PTO policy plans, policies, programs and as otherwise provided for practices of the Company applicable to its senior executive officersexecutives, but in no event which the parties acknowledge shall Executive not be entitled to less than four three (43) weeks of PTOper calendar year.

Appears in 1 contract

Samples: Employment Agreement (NewLake Capital Partners, Inc.)

Paid Time Off. The Executive shall be entitled to such periods no less than four (4) weeks of paid time off (“PTO”) each year during the Employment Period (inclusive of vacation time, sick leave and other personal leave), as provided under well as holidays and certain other paid absences, in accordance with the CompanyBank’s policies and procedures for executive employees. All unused accrued PTO policy and as otherwise provided for senior executive officers, but in no event shall will be payable to Executive be entitled to less than four (4) weeks upon termination of PTOemployment.

Appears in 1 contract

Samples: Employment Agreement (Bridge Bancorp, Inc.)

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Paid Time Off. Executive shall be entitled to such periods of paid time off ("PTO") each year as provided from time to time under the Company’s PTO 's Time Away from Work policy and as otherwise provided for senior executive officers, but in no event ; provided that Executive shall Executive be entitled to less than earn at least four (4) weeks of PTOpaid time off per year.

Appears in 1 contract

Samples: Employment Agreement (Prometheus Laboratories Inc)

Paid Time Off. Executive shall be entitled to such periods of paid time off ("PTO") each year as provided from time to time under the Company’s 's PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 1 contract

Samples: Employment Agreement (Zogenix Inc)

Paid Time Off. The Executive shall be entitled to such periods four weeks of annual paid time off (“PTO”) each year as provided under to be taken in accordance with the Company’s standard PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOpolicies.

Appears in 1 contract

Samples: Executive Employment Agreement (Kiromic Biopharma, Inc.)

Paid Time Off. During the Term, the Executive shall be entitled to such periods of paid time off ("PTO") each year as provided under in accordance with the Company’s PTO policy and policy, as otherwise provided for senior executive officersit may be amended from time to time, but in no event shall Executive it be entitled to less than four (4) weeks of PTOper year.

Appears in 1 contract

Samples: Employment Agreement (Postal Realty Trust, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior similarly-situated executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOemployees.

Appears in 1 contract

Samples: Employment Transition Agreement (Oncternal Therapeutics, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year of 20 days per year. PTO days shall be taken at such times so as provided under not to disrupt the operations of the Company, as approved by the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Chief Executive be entitled to less than four (4) weeks of PTOOfficer.

Appears in 1 contract

Samples: Employment Agreement (Tactile Systems Technology Inc)

Paid Time Off. The Executive shall be entitled to such periods four weeks of paid time off (“PTO”) each (prorated for partial calendar years) to be taken at such times as may be approved by the Board. PTO earned in one calendar year as provided under may not be used in any subsequent calendar year. Upon the termination of the Executive’s employment with the Company’s , the Executive shall be paid for any accrued and used PTO policy (less standard employment related withholdings and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTOdedcutions).

Appears in 1 contract

Samples: Executive Employment Agreement (Innovate Biopharmaceuticals, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officerssimilarly situated executives; provided, but in no event however, that Executive shall Executive be entitled to less than four a minimum of twenty (420) weeks days of PTO.PTO per year. (f)

Appears in 1 contract

Samples: Employment Agreement (Zentalis Pharmaceuticals, Inc.)

Paid Time Off. The Executive shall be entitled to such periods four weeks of paid time off (“PTO”) each to be taken at such times as may be approved by the Board. PTO earned in one calendar year as provided under may not be used in any subsequent calendar year. Upon the termination of the Executive’s employment with the Company’s PTO policy and as otherwise provided for senior executive officers, no cash shall be paid in lieu of accrued but in no event shall Executive be entitled to less than four (4) weeks of unused PTO.

Appears in 1 contract

Samples: Executive Employment Agreement (Innovate Biopharmaceuticals, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers; provided, but in no event that Executive will accrue PTO at a rate of at least twenty (20) days per year. Should Executive’s employment terminate for any reason, Executive shall Executive be entitled to less than four (4) weeks unpaid Paid Time Off as of PTOthe date of termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Biocept Inc)

Paid Time Off. Executive shall be entitled to such periods four weeks (20 working days) of paid time off (“PTO”) each year per annum during the Employment Term, to be taken at such time or times as provided under shall be mutually convenient for the Company and Executive and in accordance with Company policies and practices. Unused PTO shall be allocated pursuant to the Company’s existing policies and practices, including but not limited to the policy that no more than one week of unused PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive may be entitled carried forward from one year to less than four (4) weeks of PTOthe next.

Appears in 1 contract

Samples: Employment Agreement (Avatech Solutions Inc)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four twenty (420) weeks days of PTOPTO per year.

Appears in 1 contract

Samples: Employment Agreement (Basin Water, Inc.)

Paid Time Off. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided from time to time under the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four ; specifically twenty-five (425) weeks of PTOdays PTO plus standard Company holidays.

Appears in 1 contract

Samples: Employment Agreement (Zogenix, Inc.)

Paid Time Off. Executive shall be entitled to such periods receive [four (4)] weeks of paid time off (“PTO”) each year as provided under per year, to be taken and administered in accordance with the Company’s standard policies as in effect from time to time. Accrued but unused PTO policy shall not roll over into a subsequent year, and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks is not payable upon termination of PTOemployment.

Appears in 1 contract

Samples: Employment Agreement (Aspire Global Inc.)

Paid Time Off. Executive shall will be entitled to such periods four (4) weeks annually of paid time off (“PTO”) each year as provided under during the Term, not including statutory holidays. Unused PTO days shall not roll-over into any extension of the Term. Other than the use of PTO days for illness or personal emergencies, PTO days must be pre-approved by the Company’s PTO policy and as otherwise provided for senior executive officers, but in no event shall Executive be entitled to less than four (4) weeks of PTO.

Appears in 1 contract

Samples: Employment Agreement (Lucas Energy, Inc.)

Paid Time Off. “PTO”). Executive shall be entitled to such periods of paid time off (“PTO”) each year holidays and other days leave as provided under may be designated by the Company’s PTO policy and as otherwise provided for senior executive officers. In addition, but in no event Executive shall Executive be entitled to less unlimited PTO, provided, however, unless approved in advance, no more than four two (42) weeks of PTOPTO may be taken consecutively.

Appears in 1 contract

Samples: Amended Executive Employment Agreement (Bgsf, Inc.)

Paid Time Off. The Executive shall be entitled to such periods of paid time off ("PTO") during each full year as provided under of his employment hereunder in accordance with the applicable policies adopted by the Company’s PTO policy and as otherwise provided for senior executive officers, but in . In no event shall Executive be entitled to less fewer than four (4) weeks PTO during any calendar year. Such PTO shall be taken at such times as are consistent with the reasonable business needs of PTOthe Company.

Appears in 1 contract

Samples: Employment Agreement (Liberte Investors Inc)

Paid Time Off. The Executive shall be entitled to such periods of paid time off (PTO”) each year as provided under ), in addition to paid Company holidays, consistent with the Company’s PTO policy and as otherwise provided for senior executive officersin effect from time to time applicable to similarly situated executives; provided, but however, unless approved in advance, no event shall Executive be entitled to less more than four three (43) weeks of PTOPTO may be taken consecutively.

Appears in 1 contract

Samples: Employment Agreement (Definitive Healthcare Corp.)

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