Common use of Vacation and Leaves of Absence Clause in Contracts

Vacation and Leaves of Absence. Executive shall be entitled to four weeks of paid vacation leave during each 12-month period and paid holidays in accordance with Employer's established policies. In addition to the foregoing, Executive may be granted leaves of absence with or without pay as shall be mutually agreed upon by the Board and Executive.

Appears in 4 contracts

Samples: Employment Agreement (Ambassador Apartments Inc), Employment Agreement (Ambassador Apartments Inc), Employment Agreement (Ambassador Apartments Inc)

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Vacation and Leaves of Absence. Executive shall be entitled to four (4) weeks of paid vacation leave during each twelve (12) month calendar period (considered to be granted for each half-month period year as of the first day of that half-year) and paid holidays in accordance with Employerthe Company's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is four weeks. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 4 contracts

Samples: Employment Agreement (Prime Retail Inc/Bd/), Employment Agreement (Prime Retail Inc/Bd/), Employment Agreement (Prime Retail Inc/Bd/)

Vacation and Leaves of Absence. Executive shall be entitled to four (4) weeks of paid vacation leave during each twelve (12-) month calendar period and paid holidays in accordance with Employerthe Company's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is four weeks. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 4 contracts

Samples: Employment Agreement (Prime Retail Inc/Bd/), Combined Service and Special Distribution and Allocation Agreement (Prime Retail Inc), Employment Agreement (Prime Retail Inc/Bd/)

Vacation and Leaves of Absence. Executive shall be entitled to four weeks of paid vacation leave during each 12-12 month period and paid holidays in accordance with Employer's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is four weeks. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 3 contracts

Samples: Employment Agreement (Horizon Group Properties Inc), Employment Agreement (Horizon Group Properties Inc), Employment Agreement (Horizon Group Properties Inc)

Vacation and Leaves of Absence. Executive shall be entitled to four five (5) weeks of paid vacation leave during each twelve (12) month calendar period (considered to be granted for each half-month period year as of the first day of that half-year) and paid holidays in accordance with Employerthe Company's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is four weeks. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 1 contract

Samples: Employment Agreement (Prime Retail Inc/Bd/)

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Vacation and Leaves of Absence. Executive shall be entitled to four (4) weeks of paid vacation leave during each twelve (12-) month calendar period and paid holidays in accordance with Employer's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is four weeks. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Employer Board and Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Prime Retail Inc/Bd/)

Vacation and Leaves of Absence. Executive shall be entitled to four five (5) weeks of paid vacation leave during each twelve (12) month calendar period (considered to be granted for each half-month period year as of the first day of that half-year) and paid holidays in accordance with Employerthe Company's established policies. Executive may accrue unused vacation time if not used in any calendar year or years, however, the maximum cumulative amount of vacation time that Executive may accrue and carry over to the next year is 240 hours. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 1 contract

Samples: Employment Agreement (Prime Retail Inc/Bd/)

Vacation and Leaves of Absence. Executive shall be entitled to four three weeks of paid vacation leave during each 12-month period and paid holidays in accordance with Employer's established policies. In addition to the foregoing, Executive may be granted leaves of absence with or without pay for such other reasons as shall be mutually agreed upon by the Board and Executive.

Appears in 1 contract

Samples: Employment Agreement (Ambassador Apartments Inc)

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