Common use of Vacation and Holidays Clause in Contracts

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 10 contracts

Samples: Employment Agreement (Silver Run Acquisition Corp II), Employment Agreement (Silver Run Acquisition Corp II), Employment Agreement (Alta Mesa Holdings, LP)

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Vacation and Holidays. Executive shall be entitled to vacation in accordance with the Company's vacation policy in effect from time to time for its executive officers, but not less than five (5) weeks of paid vacation per in each full calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed)year. Executive shall also be entitled to all paid holidays and personal days provided given by the Company to its senior officers. Vacation days that are not used during any calendar year may not be accrued, nor shall Executive be entitled to compensation for its key management employees under the Company’s personnel policy as then effective. Unused unused vacation shall not carry over to the following year unless specifically approved by the Companydays.

Appears in 4 contracts

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa)

Vacation and Holidays. Executive shall be entitled to five (5) weeks no less than the 20 days of paid vacation per calendar year (prorated in any calendar year during which Executive he is employed for less than the entire year based on the number of days in such calendar year in which Executive he was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees officers under the Company’s personnel 's policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 4 contracts

Samples: Employment Agreement (Delta Petroleum Corp/Co), Employment Agreement (Delta Petroleum Corp/Co), Employment Agreement (Delta Petroleum Corp/Co)

Vacation and Holidays. The Executive shall be entitled eligible for up to five (5) weeks of paid vacation per calendar year (prorated year, to be taken at such times as may be approved in any calendar year during advance by the Board. The number of vacation days for which the Executive is eligible shall accrue at the rate of 2.083 days per month that the Executive is employed for less than the entire year based on the number of days in during such calendar year year. The Executive’s use and forfeiture of vacation time shall be in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under accordance with the Company’s personnel policy as then effectiveapplicable policies and practices. Unused vacation shall not carry over In addition, the Executive will be eligible to the following year unless specifically approved take those holidays observed by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Casa Systems Inc), Employment Agreement (Casa Systems Inc), Employment Agreement (Casa Systems Inc)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall not carry over carryover to the following year unless specifically approved by the CompanyPartnership.

Appears in 3 contracts

Samples: Employment Agreement (Alta Mesa Energy LLC), Employment Agreement (Alta Mesa Energy LLC), Employment Agreement (Alta Mesa Energy LLC)

Vacation and Holidays. Executive shall be entitled to four (4) weeks of paid vacation per calendar year, as accrued in accordance with the Company’s vacation benefit policy. Executive may not accrue more than five (5) weeks of paid vacation per calendar year (prorated in at any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed)time. Executive shall also be entitled to all paid holidays and personal days sick time provided by the Company for its key management employees officers under the Company’s personnel holiday and sick time policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Companyin effect at such time.

Appears in 3 contracts

Samples: Employment Agreement (Spacehab Inc \Wa\), Employment Agreement (Spacehab Inc \Wa\), Employment Agreement (Spacehab Inc \Wa\)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall shal1 not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 3 contracts

Samples: Employment Agreement (Alta Mesa Holdings, LP), Employment Agreement (Alta Mesa Holdings, LP), Employment Agreement (Alta Mesa Holdings, LP)

Vacation and Holidays. Executive shall be entitled to five (5) four weeks of paid vacation per calendar year (prorated year, as accrued in any accordance with the Company's vacation benefit policy, including for the initial calendar year during which Executive is employed for less than the entire year of employment hereunder based on the number of days in whole months of employment during such calendar year in which Executive was employed)initial year. Executive shall also be entitled to all paid holidays and personal days sick time provided by the Company for its key management employees officers under the Company’s personnel 's holiday and sick time policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 2 contracts

Samples: Employment Agreement (EV Energy Partners, LP), Employment Agreement (EV Energy Partners, LP)

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during each year, to be taken at times selected by him and which Executive is employed for less than are, to the entire year based on maximum extent possible, at a time mutually agreed upon by the number of days in such calendar year in which Executive was employed)parties. Executive shall also be entitled to all paid legal holidays and personal days provided by in accordance with the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by policies of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Metropolitan Bank Holding Corp.), Employment Agreement (Metropolitan Bank Holding Corp.)

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed); provided, however, for the period beginning on the Effective Date through December 31, 2018, Executive shall be entitled to a full five weeks of paid vacation with no proration. Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Resources, Inc. /DE)

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Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management executive employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall shal1 not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Holdings, LP)

Vacation and Holidays. The Executive shall be entitled to five four weeks (520 days) weeks of paid vacation per calendar year (prorated with the vacation for any partial year being prorated) to be taken at such times as may be approved by the Chief Executive Officer. Vacation days earned in one calendar year may not be used in any subsequent calendar year. The Executive will also be eligible for Company paid holidays (currently nine per year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employedplus three floating holidays). The Executive shall also be entitled to all paid holidays and take time off for illness or personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation emergencies, which shall not carry over to the following year unless specifically approved by the Companybe counted as vacation days.

Appears in 1 contract

Samples: Executive Employment Agreement (Flex Pharma, Inc.)

Vacation and Holidays. The Executive shall be entitled to five four weeks (520 days) weeks of paid vacation per calendar year (prorated with the vacation for any partial year being prorated) to be taken at such times as may be approved by the Board of Managers. Vacation days earned in one calendar year may not be used in any subsequent calendar year. The Executive will also be eligible for Company paid holidays (currently nine per year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employedplus three floating holidays). The Executive shall also be entitled to all paid holidays and take time off for illness or personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation emergencies, which shall not carry over to the following year unless specifically approved by the Companybe counted as vacation days.

Appears in 1 contract

Samples: Executive Employment Agreement (Flex Pharma, Inc.)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management executive employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Energy LLC)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year which, if not taken, shall accrue from year to year consistent with Company policy, provided in no event may Executive’s vacation accrual exceed a maximum of five (prorated in 5) weeks at any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed)time. Executive shall also be entitled to all paid holidays and personal days sick time provided by the Company for its key management employees officers under the Company’s personnel holiday and sick time policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Companyin effect at such time.

Appears in 1 contract

Samples: Employment Agreement (Spacehab Inc \Wa\)

Vacation and Holidays. Executive shall be entitled to five fully paid vacation time of four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed)year. In addition, Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under the Company’s personnel policy as then effectiveregular holiday schedule. Unused Executive may not carryover any vacation shall not carry over from one calendar year to the following next and any unused vacation as of December 31st of each year unless specifically approved shall be forfeited. All vacation accrued by Executive through December 31, 2010 shall be paid to Executive, at Company’s option, in cash or with common stock of the Company.

Appears in 1 contract

Samples: Employment Terms (FNDS3000 Corp)

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