Common use of Paid Time Off Clause in Contracts

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect from time to time.

Appears in 5 contracts

Samples: Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Poage Bankshares, Inc.)

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Paid Time Off. The Executive shall be entitled eligible to accrue up to four (4) weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or per calendar year basis, in accordance with the AssociationCompany’s usual practices)vacation policy, as well as sick leave, holidays and other paid absences in accordance with the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect from time to time. The Executive shall also be eligible for Company designated holidays.

Appears in 4 contracts

Samples: Employment Agreement (Cabaletta Bio, Inc.), Employment Agreement (Cabaletta Bio, Inc.), Employment Agreement (Cabaletta Bio, Inc.)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time of four (4) weeks each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s Bank's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Bank's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s Bank's personnel policies as in effect from time to time.

Appears in 3 contracts

Samples: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Paid Time Off. Executive shall be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Association’s Provident's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Provident's policies and procedures for senior executives. Any unused paid time off during an annual period may be carried forward into the following year to the extent permitted under Provident's policies and procedures and Executive shall not be treated in accordance with the Association’s personnel policies as in effect from compensated for any unused paid time to timeoff.

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Paid Time Off. The Executive shall be entitled to a -------------- minimum of four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Association’s Bank's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Bank's policies and procedures for senior executives. Any unused paid time off during an annual period shall expire at the end of that period, such that unused paid time off shall not be treated in accordance with carried forward into the Association’s personnel policies as in effect from following year and the Executive shall not be compensated for unused paid time to timeoff.

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basisvacation, holidays, personal days and sick leave in accordance with the Association’s usual practices)policies, as well as sick leave, holidays programs and other paid absences in accordance with the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as practices of Company in effect from time to time, but in no event less than four (4) weeks per calendar year (pro-rated for any partial years). Such vacation shall be taken at such intervals as shall be appropriate and consistent with the proper performance of Executive’s duties hereunder.

Appears in 3 contracts

Samples: Employment Agreement (Airsculpt Technologies, Inc.), Employment Agreement (Airsculpt Technologies, Inc.), Employment Agreement (Airsculpt Technologies, Inc.)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time of four (4) weeks each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s Company's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Company's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s Company's personnel policies as in effect from time to time.

Appears in 3 contracts

Samples: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Paid Time Off. The Executive shall be entitled to a minimum of four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall expire at the end of that period, such that unused paid time off shall not be treated in accordance with carried forward into the Association’s personnel policies as in effect from following year and the Executive shall not be compensated for unused paid time to timeoff.

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Paid Time Off. Executive shall be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured and accrued on a fiscal fiscal- or calendar calendar-year basis, in accordance with the AssociationCompany’s usual practicespractices and policies), as well as sick leave, holidays holidays, and other paid absences in accordance with the AssociationCompany’s policies and procedures for employees and senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect from time to time.

Appears in 2 contracts

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

Paid Time Off. The Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis(pro-rated for partial calendar years, with no roll over or cash out of unused annual vacation time). In addition, the Executive shall be entitled to paid time off for all Bank holidays, and to paid sick days and other leave time in accordance with the Association’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect place from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time of five (5) weeks each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s Company's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Company's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s Company's personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Paid Time Off. The Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis(pro-rated for partial calendar years, with no roll over or cash out of unused annual vacation time). In addition, the Executive shall be entitled to paid time off for all Bank holidays, and to paid sick days and other leave time in accordance with the Association’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Bank's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect place from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Paid Time Off. Executive shall will be entitled to four weeks of paid vacation time each fiscal year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Associationpublished policies of the Company; provided, however, that for the fiscal year in which Executive’s usual practices)employment commences, as well as sick leave, holidays and other paid absences in accordance with the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall this vacation allotment will be treated in accordance with the Association’s personnel policies as in effect from time to timepro-rated.

Appears in 2 contracts

Samples: Employment Agreement (New Enterprise Stone & Lime Co., Inc.), Employment Agreement (New Enterprise Stone & Lime Co., Inc.)

Paid Time Off. Executive shall will be entitled to four weeks of paid vacation time each fiscal year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s usual practices), as well as sick leave, holidays and other paid absences in accordance with published policies of the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect from time to timeCompany.

Appears in 2 contracts

Samples: Employment Agreement (New Enterprise Stone & Lime Co., Inc.), Employment Agreement (New Enterprise Stone & Lime Co., Inc.)

Paid Time Off. The Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis(pro-rated for partial calendar years, with roll over or cash out of unused annual vacation time in accordance with the Association’s usual practicesBank's policies and procedures as in place from time to time). In addition, as well as the Executive shall be entitled to paid time off for all Bank holidays, and to paid sick leave, holidays days and other paid absences leave time in accordance with the Association’s Bank's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as in effect place from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Paid Time Off. Executive shall be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationProvident’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationProvident’s policies and procedures for senior executives. Any unused paid time off during an annual period may be carried forward into the following year to the extent permitted under Provident’s policies and procedures and Executive shall not be treated in accordance with the Association’s personnel policies as in effect from compensated for any unused paid time to timeoff.

Appears in 2 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Paid Time Off. The Executive shall be entitled to a minimum of four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the AssociationBank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

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Paid Time Off. The Executive shall be entitled to four a minimum of five (5) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the AssociationBank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Paid Time Off. Executive shall will be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Association’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall each calendar year to be treated in accordance with used solely for vacation. In addition, he will be entitled to such holidays and sick days as may be provided for other employees pursuant to SCIO's policies. The scheduling of time off for any such purpose will be subject to the Association’s personnel policies as in effect from prior approval of the Board, which approval will not be unreasonably withheld. Paid vacation time to timewhich the parties will agree in any given calendar year will accrue at the start of each calendar year.

Appears in 1 contract

Samples: Employment Agreement (Scio Diamond Technology Corp)

Paid Time Off. Executive shall be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationProvident’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationProvident’s policies and procedures for senior executives. Any unused paid time off during an annual period may be carried forward into the following year to the extent permitted under Provident’s policies and procedures and Executive shall not be treated in accordance with the Association’s personnel policies as in effect from compensated for any unused paid time to timeoff.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Paid Time Off. Executive shall will be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual customary practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall will be treated in accordance with the AssociationBank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to four five (5) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationProvident’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationProvident’s policies and procedures for senior executives. Any unused paid time off during an annual period may be carried forward into the following year to the extent permitted under Provident’s policies and procedures and Executive shall not be treated in accordance with the Association’s personnel policies as in effect from compensated for any unused paid time to timeoff.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Paid Time Off. The Executive shall be entitled to four a -------------- minimum of five (5) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Association’s Bank's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Association’s Bank's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s Bank's personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Paid Time Off. Executive shall be entitled to paid four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the AssociationBank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basisvacation, holidays, personal days and sick leave in accordance with the Association’s usual practices)policies, as well as sick leave, holidays programs and other paid absences in accordance with practices of the Association’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Association’s personnel policies as Company in effect from time to time, but in no event less than four (4) weeks per calendar year (pro-rated for any partial years). Such vacation shall be taken at such intervals as shall be appropriate and consistent with the proper performance of Executive’s duties hereunder.

Appears in 1 contract

Samples: Employment Agreement (Airsculpt Technologies, Inc.)

Paid Time Off. Executive shall be entitled to four weeks of paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the AssociationBank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationBank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the AssociationBank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to four five (5) weeks of paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the AssociationNew Peoples’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the AssociationNew Peoples’s policies and procedures for senior executives. Any Executive shall be compensated for any unused paid time off during an annual period shall be treated in accordance with to the Associationextent provided for under New Peoples’s personnel policies and procedures as in effect from time applicable to timeother similarly situated senior executives of New Peoples generally.

Appears in 1 contract

Samples: Employment Agreement (New Peoples Bankshares Inc)

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