Common use of Vacation and Holidays Clause in Contracts

Vacation and Holidays. During the term of the Executive’s employment, the Executive shall be entitled to four weeks of paid vacation time each year in addition to those days designated as paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i).

Appears in 5 contracts

Samples: Executive Employment Agreement (S&c Holdco 3 Inc), Executive Employment Agreement (S&c Holdco 3 Inc), Executive Employment Agreement (S&c Holdco 3 Inc)

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Vacation and Holidays. During the term of the Executive’s 's employment, the Executive shall be entitled to four weeks of paid vacation time each year in addition to those days designated as paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i).

Appears in 3 contracts

Samples: Executive Employment Agreement (S&c Resale Co), Executive Employment Agreement (S&c Resale Co), Executive Employment Agreement (S&c Resale Co)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Term, the Executive shall be entitled to four weeks of paid vacation time each per year in addition to those days designated as and all other paid holidays in accordance with the plans, policies, programs and practices given to employees of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)Company.

Appears in 3 contracts

Samples: Employment Agreement (Golden Books Family Entertainment Inc), Employment Agreement (Golden Books Family Entertainment Inc), Employment Agreement (Econophone Inc)

Vacation and Holidays. During the term of the Executive’s employment, the The Executive shall be entitled to four (4) weeks of paid vacation time during each year in addition to those days designated as paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officersEmployment Term hereof. Unused To the extent the Executive shall not take four (4) weeks vacation during any year, the unused time shall accrue and carry over forward to future years. Upon termination of the next year. Any Executive's employment for any reason, the Executive shall receive a cash payment for any accrued but unused vacation time up to a maximum of six months. The Executive shall be paid entitled to such holidays and sick days as determined by the Company's policy with respect to senior executive officers in a cash lump sum payment promptly after effect on the Date of Terminationdate hereof, pursuant to Section 4(a)(i)and as amended.

Appears in 2 contracts

Samples: Employment Agreement (CRP Holding Corp), Employment Agreement (Telebyte Technology Inc)

Vacation and Holidays. During the term of the Executive’s employment, the Executive shall be entitled to four weeks of paid vacation time each year in addition to those days designated as paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officers. Unused Up to 50% of unused vacation time shall carry over to the next year, but not to any succeeding year. Any unused vacation time Executive shall be paid in a cash lump sum entitled to payment promptly after by the Company for accumulated vacation days not taken by Executive as of the Date of Termination, pursuant to Section 4(a)(i).

Appears in 2 contracts

Samples: Executive Employment Agreement (Regency Energy Partners LP), Executive Employment Agreement (Regency Energy Partners LP)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Period, the Executive shall be entitled to four weeks of paid vacation each calendar year, and Executive shall be entitled to all paid Company holidays, subject to the Company’s vacation and holiday policies, as in effect from time each to time; provided, however, that the Company agrees to cash out and pay Executive for the portion of any vacation time not used by the end of the calendar year in addition to those days designated which it was earned (or at such later date as paid holidays in accordance with the plansmay be specified by Executive). In addition, policies, programs and practices of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time Executive shall be entitled to ten (10) paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)sick or personal business days per year.

Appears in 1 contract

Samples: Employment Agreement (Overhill Farms Inc)

Vacation and Holidays. During the term of the Executive’s employment, the Executive shall be entitled to four weeks of paid vacation time each year in addition vacation, to those days designated as paid holidays be taken in accordance with the plans, policies, programs and practices policies of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)Company.

Appears in 1 contract

Samples: Employment Agreement (Borden Chemical Inc)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Period, the Executive shall be entitled to four weeks of paid vacation each calendar year, and Executive shall be entitled to all paid Company holidays, subject to the Company's vacation and holiday policies, as in effect from time each to time; provided, however, that the Company agrees to cash out and pay Executive for the portion of any vacation time not used by the end of the calendar year in addition to those days designated which it was earned (or at such later date as paid holidays in accordance with the plansmay be specified by Executive). In addition, policies, programs and practices of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time Executive shall be entitled to ten (10) paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)sick or personal business days per year.

Appears in 1 contract

Samples: Employment Agreement (Overhill Farms Inc)

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Vacation and Holidays. During the term of the Executive’s employmentEmployment Term, the Executive --------------------- shall be entitled to four weeks of paid vacation time each per year in addition to those days designated as paid holidays be taken in accordance with the plans, policies, programs and practices vacation policy of the Company for its executive officersand shall also be entitled to all other paid holidays given to employees of the Company. Unused vacation time shall carry over to At the next conclusion of each calendar year. Any , unused vacation time days, if any, shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)forfeited.

Appears in 1 contract

Samples: Employment Agreement (Marvel Enterprises Inc)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Term, the Executive shall be entitled to four weeks of paid vacation time each per year in addition and all other paid holidays, sick and personal days given to those days designated as paid holidays in accordance with the plans, policies, programs and practices employees of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)Company.

Appears in 1 contract

Samples: Employment Agreement (Golden Books Family Entertainment Inc)

Vacation and Holidays. During the term of the Executive’s employment, the Executive shall be entitled to four weeks of paid vacation time each of four (4) weeks per year in addition to those days designated as and paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officersemployees. Unused Such vacation shall be taken at such time shall carry over or times reasonably acceptable to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)Company.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Home Interiors & Gifts Inc)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Term, the Executive shall will be entitled to receive paid vacation for four weeks of paid vacation time each year in addition to those days designated as and paid holidays in accordance with the plans, policies, programs and practices of the then-current Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time shall be paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)policy.

Appears in 1 contract

Samples: Employment Agreement (Piranha Inc)

Vacation and Holidays. During the term of the Executive’s employmentEmployment Period, the Executive shall be entitled to four weeks of paid vacation each calendar year, and Executive shall be entitled to all paid Company holidays, subject to the Company’s vacation and holiday policies, as in effect from time each to time; provided, however, that the Company agrees to cash out and pay Executive for the portion of any vacation time not used by the end of the calendar year in addition to those days designated which it was earned (or at such later date as paid holidays in accordance with the plansmay be specified by Executive). In addition, policies, programs and practices of the Company for its executive officers. Unused vacation time shall carry over to the next year. Any unused vacation time Executive shall be entitled to ten (10) paid in a cash lump sum payment promptly after the Date of Termination, pursuant to Section 4(a)(i)sick or personal business days per year.

Appears in 1 contract

Samples: Employment Agreement (Overhill Farms Inc)

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