Common use of Paid Time Off Clause in Contracts

Paid Time Off. The Executive shall be entitled to twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 15 contracts

Samples: Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc)

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Paid Time Off. The Executive shall will be entitled entitled, without loss of compensation, to twenty-five (25) days the amount of paid time off Paid Time Off (“PTO”) per year generally available or later made generally available to senior officers of the Company, but in any event not less than five (5) weeks (200 hours) during each calendar year year, prorated from the Effective Date. Unused PTO may be accrued by the Executive pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use standard PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executivepolicies.

Appears in 10 contracts

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

Paid Time Off. The Executive shall be entitled to twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 11 and in accordance with Company policies regarding PTO; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 8 contracts

Samples: Release Agreement (Redwood Trust Inc), Release Agreement (Redwood Trust Inc), Release Agreement (Redwood Trust Inc)

Paid Time Off. The Executive shall will be entitled to twenty-five an initial thirty (2530) days of paid time off Paid Time Off (“PTO”) per calendar year pursuant year, administered in accordance with and subject to the terms of the Company’s policies applicable to similarly situated employees of the CompanyPTO policy, as in effect it may be amended prospectively from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the time. Executive may only is entitled to accrue up to a maximum of fifty (50) additional PTO days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation days not taken in the prior year provided that in no event shall Executive be taken at the reasonable and mutual convenience of the Company and the Executiveentitled to more than forty five (45) PTO days per any calendar year.

Appears in 5 contracts

Samples: Employment Agreement (Social Reality), Employment Agreement (Social Reality), Employment Agreement (Dionne Craig A)

Paid Time Off. The Executive shall be entitled to twenty-five (25) days eligible for a maximum of four weeks of paid time off (“PTO”) per calendar year pursuant to year, which shall accrue at the rate of 1.67 days per month that the Executive is employed during the calendar year. PTO accrual will be capped at 25 days. When the Executive’s accrued PTO reaches the cap, the Executive will not accrue additional PTO until some of the previously accrued PTO is used and the accrued amount falls below the cap. PTO must be used in accordance with the Company’s paid time off policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 3 contracts

Samples: Employment Agreement (Cue Health Inc.), Employment Agreement (Cue Health Inc.), Employment Agreement (Cue Health Inc.)

Paid Time Off. The During the Term, Executive shall be entitled to twenty-five six (256) days weeks of paid vacation or other paid time off (“PTO”) per calendar year pursuant each year. PTO may be taken at such times as Executive elects with due regard to the Company’s policies applicable to similarly situated employees needs of the Company, or paid out to Executive at the end of the calendar year. Except as expressly addressed in effect this Agreement, the use and administration of PTO will be governed by the Company’s PTO policies applicable to its employees generally, as such policies may be stated in the Company’s employee handbook or otherwise and as such policies may change from time to time and consistent with during the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the ExecutiveTerm.

Appears in 3 contracts

Samples: Executive Employment Agreement (Aqua Power Systems Inc.), Executive Employment Agreement (Aqua Power Systems Inc.), Executive Employment Agreement (Aqua Power Systems Inc.)

Paid Time Off. The Executive shall be entitled to twenty-five (25) 25 days of paid time off (“PTO”) per each full calendar year (prorated to reflect any partial calendar year during which you are employed by the Company pursuant to this Agreement), to be taken in accordance with the Company’s PTO policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation PTO shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 3 contracts

Samples: Employment Agreement (iANTHUS CAPITAL HOLDINGS, INC.), Employment Agreement (iANTHUS CAPITAL HOLDINGS, INC.), Employment Agreement (iANTHUS CAPITAL HOLDINGS, INC.)

Paid Time Off. The Executive shall will be entitled to eligible for a maximum of twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant to be taken at such times as may be approved by the Company’s policies applicable to similarly situated employees . The number of PTO days for which the Company, as in effect from time to time and consistent with Executive is eligible shall accrue at the Executive’s satisfactory performance rate of the duties set forth in Section 1; provided, however, 2.083 days per month that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illnessis employed during such calendar year. Any vacation shall unused PTO time will be taken forfeited at the reasonable and mutual convenience end of the Company and the Executiveeach calendar year.

Appears in 3 contracts

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

Paid Time Off. The During the Term, Executive shall be entitled to twenty-five (25) days such periods of paid time off ("PTO") per calendar each year pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect provided from time to time under the Company's PTO policy and consistent with as otherwise provided for executive officers, as it may be amended from time to time, but notwithstanding anything to the Executive’s satisfactory performance of the duties set forth contrary in Section 1; providedthis Agreement, however, that the Executive may only accrue up shall be entitled to a maximum minimum of fifty twenty (5020) vacation days of PTO. The Executive may use PTO per year (prorated for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executivepartial year).

Appears in 2 contracts

Samples: Executive Employment Agreement (TRI Pointe Group, Inc.), Executive Employment Agreement (TRI Pointe Group, Inc.)

Paid Time Off. The During the Employment Term, Executive shall will be entitled to twenty-five twenty (2520) days of paid time off (“PTO”), which will accrue at a rate of thirteen and one-third (13 and 1/3) hours per calendar year pursuant to month, in accordance with the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTOPTO policy. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable such time as mutually and mutual convenience of the Company reasonably agreed by Executive and the ExecutiveCompany. Executive will receive paid holidays in accordance with the Company’s regular holiday practices.

Appears in 2 contracts

Samples: Employment Agreement (Miramar Labs, Inc.), Employment Agreement (Miramar Labs, Inc.)

Paid Time Off. The Executive shall have the right to four weeks of Personal Time Off (“PTO”) during each successive one-year period of her employment by the Company, which PTO time shall be taken at such time or times in each such one-year period so as not to materially and adversely interfere with the performance of her responsibilities under this Agreement. Executive shall not be entitled to carry over any unused vacation time from one year to the next and any accrued but unused vacation time will be waived. In addition, Executive shall be entitled to twenty-five (25) days paid Holidays in accordance with the policies of paid time off (“PTO”) per calendar year pursuant to the Company’s policies Company applicable to similarly situated employees of the Company, as in effect senior management personnel from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 2 contracts

Samples: Executive Employment Agreement (Generation Alpha, Inc.), Executive Employment Agreement (Generation Alpha, Inc.)

Paid Time Off. The Executive shall be entitled to twenty-five (25) 30 days of paid time off ("PTO") per calendar each year pursuant to during the Company’s policies applicable to similarly situated employees Employment Period (inclusive of the Companyvacation time, sick leave and other personal leave), as well as holidays and certain other paid absences, in effect from time to time and consistent accordance with the Executive’s satisfactory performance Bank's policies and procedures for executive employees. All unused accrued PTO will be payable to Executive upon termination of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executiveemployment.

Appears in 2 contracts

Samples: Employment Agreement (Burke & Herbert Financial Services Corp.), Employment Agreement (Burke & Herbert Financial Services Corp.)

Paid Time Off. The Executive shall be entitled to twenty-five (25) at least 20 business days of paid vacation and time off (“PTO”) per calendar year pursuant to off, in accordance with the Company’s policies applicable to similarly situated employees of the Companypolicies, as practices, and procedures in effect from time to time and consistent with during the Executive’s satisfactory performance of the duties set forth in Section 1; providedTerm (“PTO”), for each Fiscal Year. PTO shall, however, be prorated in any Fiscal Year during which Executive is employed under this Agreement for less than the entire Fiscal Year, in accordance with the number of days in that the Fiscal Year during which Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executiveis so employed.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ace Cash Express Inc/Tx), Employment Agreement (Ace Cash Express Inc/Tx)

Paid Time Off. The During the Employment Term, the Executive shall be entitled to twenty-five (25) days of 15 paid time off (“PTO”) days per calendar year pursuant to (prorated for partial years) in accordance with the Company’s policies applicable to similarly situated employees of the CompanyPTO policies, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTOtime. The Executive may use PTO for any reason, including vacation, sick personal time, personal or sick time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive(in accordance with applicable law).

Appears in 2 contracts

Samples: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Paid Time Off. The During the Executive’s employment with the Company, the Executive shall be entitled to accrue paid time off (“PTO”) days (which includes vacation and sick time) at the annualized rate of twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant PTO hours each year, to be taken at such times and intervals as shall be determined by Executive subject to the reasonable business needs of the Company. Such PTO must be used in accordance with the Company’s policies applicable to similarly situated employees of the Companyvacation policy, as in effect from which may be amended at any time to time by Company without advance notice and consistent with without recourse by the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty . (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.g)

Appears in 1 contract

Samples: Employment Agreement (ADC Therapeutics SA)

Paid Time Off. The During the Executive’s employment with the Company, the Executive shall be entitled to twenty-five (25) days of accrue paid time off (“PTO”) per calendar year pursuant days (which includes vacation and sick time) at the annualized rate of twenty five (25) days of PTO hours each year, to be taken at such times and intervals as shall be determined by Executive subject to the reasonable business needs of the Company. Such PTO must be used in accordance with the Company’s policies applicable to similarly situated employees of the Companyvacation policy, as in effect from which may be amended at any time to time by Company without advance notice and consistent with without recourse by the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty . (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.g)

Appears in 1 contract

Samples: Employment Agreement (ADC Therapeutics SA)

Paid Time Off. The Executive shall be entitled to twenty30 days (240 hours) of Personal Time Off (PTO). PTO time is to be used for vacation, sick leave, personal business, observance of non-five company holidays, and other time off. The PTO schedule assumes a maximum of 4 weeks (25160 hours) of vacation, and 10 days (80 hours) for sick time, personal holidays, and other personal business. The carry-over and accrual of paid time off (“PTO”) per calendar year pursuant to the Company’s policies applicable to similarly situated employees of the Company, PTO hours shall be in accordance with Company policy as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; providedtime, however, except that the Executive may only accrue up to a maximum of fifty (50) 10 days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executivewill immediately accrue.

Appears in 1 contract

Samples: Employment Agreement (Talecris Biotherapeutics Holdings Corp.)

Paid Time Off. The Executive shall be entitled to twenty-five (25) at least 20 business days of paid vacation and time off (“PTO”) per calendar year pursuant to off, in accordance with the Company’s policies 's applicable to similarly situated employees of the Companypolicies, as practices, and procedures in effect from time to time and consistent with during the Executive’s satisfactory performance of the duties set forth in Section 1; providedTerm ("PTO"), for each Fiscal Year. PTO shall, however, be prorated in any Fiscal Year during which Executive is employed under this Agreement for less than the entire Fiscal Year, in accordance with the number of days in that the Fiscal Year during which Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executiveis so employed.

Appears in 1 contract

Samples: Executive Employment Agreement (Ace Cash Express Inc/Tx)

Paid Time Off. The Executive shall be entitled to twenty-five (25) days of may take paid time off (“PTO”) per calendar year pursuant to in the amount allowed by the Company’s policies applicable general practices, which are estimated to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue currently allow up to a maximum of fifty (50) 19 days of PTO. The Executive may use Such PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at scheduled to minimize disruption to Company’s operations, pursuant to the reasonable terms and mutual convenience conditions of the Company policy and the Executivepractices as applied to Company senior executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Synta Pharmaceuticals Corp)

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Paid Time Off. The During the Employment Term, Executive shall be entitled to twenty-five (25) days of paid time off ("PTO") per calendar year pursuant (prorated for partial years), for vacation, sick days, and other absences, other than paid holidays. Executive shall give the Companies reasonable advance notices of her absences where feasible and shall schedule such absences to minimize disruption to the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive's business.

Appears in 1 contract

Samples: American Homeowner Preservation (AHP Servicing LLC)

Paid Time Off. The Executive shall be entitled to twenty-five weeks (2525 working days) days of paid time off (“PTO”) per calendar year annum during the Employment Term, which will accrue pursuant to the Company’s policies applicable and practices and is to similarly situated employees of be taken at such time or times as shall be mutually convenient for the Company, as in effect from time to time Company and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Company may elect to increase the annual time to which Executive may only accrue up shall be entitled to a maximum of fifty (50) days of PTO. The Executive may use Unused PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at allocated pursuant to the reasonable Company’s policies and mutual convenience of the Company and the Executivepractices.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

Paid Time Off. The Executive shall be entitled to twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant to and holidays in accordance with the Company’s policies applicable to similarly situated employees of the Company, PTO policy and as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1otherwise provided for senior executive officers; provided, however, that in no event shall Executive be entitled to less than twenty-one (21) days of PTO each year, increased by one (1) day for each year of service with the Executive may only accrue Company (up to a maximum of fifty twenty-eight (5028) days of PTOdays). The Executive may use shall take such PTO for any reason, including vacation, sick time, personal time after consultation with the Board at such times as are reasonable given Executive’s duties and family illness. Any vacation shall be taken responsibilities at the reasonable time. PTO will never be forfeited and mutual convenience will be cashed out on separation of the Company and the Executiveemployment.

Appears in 1 contract

Samples: Employment Agreement (Connect Biopharma Holdings LTD)

Paid Time Off. The During the Employment Period, Executive shall be entitled to twenty-five (25) days of will participate in the Company’s paid time off (“PTO”) programs, which shall entitle him to take up to four weeks of paid time off per calendar year pursuant to (inclusive of vacation time, personal time, and paid sick time off as mandated by state or local paid sick leave laws, and prorated for partial years) in accordance with the Company’s policies applicable current PTO policy. Executive shall also be entitled to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of all paid holidays given by the Company and the Executiveto its employees.

Appears in 1 contract

Samples: Employment Agreement (Delcath Systems, Inc.)

Paid Time Off. The Executive shall be entitled each year to twenty-five (25) days of reasonable paid time off (“PTO”) per calendar year pursuant to of not less than twenty-five (25) days in accordance with the Company’s policies applicable to similarly situated employees established practices of the Company, as Company now or hereafter in effect from for executive personnel, during which time to time and consistent with the Executive’s satisfactory performance of the duties set forth compensation shall be paid in Section 1; provided, however, that the full. Executive may only accrue shall be permitted to carryover up to a maximum twelve (12) weeks of fifty (50) days of accrued but unused PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Dri Corp)

Paid Time Off. The Executive shall be entitled to twenty-five (25) days of receive paid time off (PTO”) per calendar year pursuant to ), under the terms of the Company’s policies applicable to similarly situated employees of the Companythen current PTO Plan, as during each calendar year in effect from time to time and consistent accordance with the Executive’s satisfactory performance Length of Service, which PTO Plan shall provide for a minimum of twenty (20) paid vacation days per annum for Executive. For this PTO benefit provision only, Length of Service shall mean the duties set forth in Section 1; provided, however, that periods of Service by the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reasonafter January 3, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive2006 plus ten years.

Appears in 1 contract

Samples: Executive Employment Agreement (Clark Inc)

Paid Time Off. The During the Term, Executive shall be entitled to twenty-five (25) days such periods of paid time off (“PTO”) per calendar each year pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect provided from time to time under the Company’s PTO policy and consistent with as otherwise provided for executive officers, as it may be amended from time to time, but notwithstanding anything to the Executive’s satisfactory performance of the duties set forth contrary in Section 1; providedthis Agreement, however, that the Executive may only accrue up shall be entitled to a maximum minimum of fifty twenty (5020) vacation days of PTO. The Executive may use PTO per year (prorated for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executivepartial year).

Appears in 1 contract

Samples: Executive Employment Agreement (TRI Pointe Group, Inc.)

Paid Time Off. The During the Employment Term, Executive shall will be entitled to twenty-five (25) days of paid time off (“PTO”) per calendar year pursuant to ), in accordance with the Company’s PTO policy. PTO shall be taken at such time as mutually and reasonably agreed by Executive and the Board and in accordance with the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent for other similarly situated employees. Executive will receive paid holidays in accordance with the ExecutiveCompany’s satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executiveregular holiday practices.

Appears in 1 contract

Samples: Employment Agreement (Elastic N.V.)

Paid Time Off. The Executive shall be entitled to twenty-five (25) 28 days of paid vacation or time off (“PTO”) per calendar fiscal year pursuant to the Company’s policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent accordance with the ExecutiveCompany’s satisfactory performance of the duties set forth in Section 1; providedPTO policies, practices, and procedures. Such PTO shall, however, that be prorated in any fiscal year during which the Executive may only accrue up to a maximum is employed under this Agreement for less than the entire fiscal year, in accordance with the number of fifty (50) days of PTO. The in that fiscal year during which the Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executiveis so employed.

Appears in 1 contract

Samples: Executive Employment Agreement (LifeCare Holdings, Inc.)

Paid Time Off. The Executive shall will be entitled to (i) up to twenty-five six (2526) days of paid time off (“PTO”) per calendar year pursuant year, which will accrue monthly and consist of vacation, personal and sick time, subject to the Company’s policies applicable to similarly situated employees of the CompanyPTO policy, as in effect may be amended from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1time; provided, however, that a total of five (5) accrued but unused PTO days at the Executive end of a calendar year may only accrue be carried over to the following year; and (ii) up to a maximum of fifty twelve (5012) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the paid Company and the Executiveholidays per year.

Appears in 1 contract

Samples: Employment Agreement (Interpace Biosciences, Inc.)

Paid Time Off. The During the Term, the Executive shall be entitled to twenty-five (25) days of paid vacation, paid holidays and other paid time off (“PTO”) per calendar year pursuant to the Company’s policies applicable to similarly situated employees for which executives of the CompanyCompany are generally eligible, as in each case consistent with Company policy in effect from time to time and consistent with the Executive’s satisfactory performance of the duties set forth in Section 1; time, provided, however, that the Executive may only accrue will be entitled to no less than 20 days of vacation annually. The Executive shall be entitled to payment for unused PTO, up to a maximum of fifty twenty (5020) days PTO days, upon the termination of PTO. The Executive may use PTO for any reasonExecutive’s employment, including vacation, sick time, personal time and family illness. Any vacation shall be taken at regardless of who terminates or the reasonable and mutual convenience of the Company and the Executivereason therefor.

Appears in 1 contract

Samples: Employment Agreement (Wayside Technology Group, Inc.)

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