Common use of Vacation and Other Benefits Clause in Contracts

Vacation and Other Benefits. During each twelve-month period that Employee is employed by FCMC, Employee shall be entitled to four weeks (i.e., twenty days) of paid vacation plus regular personal days and holidays in accordance with the policies of FCMC. Up to five (5) unused vacation days can be accrued or aggregated from one twelve-month period to the next. In addition, Employee shall be entitled to participate in all present and future benefit plans and/or fringe benefits provided by FCMC to its other executive officers.

Appears in 2 contracts

Samples: Employment Agreement (Franklin Credit Management Corp/De/), Employment Agreement (Franklin Credit Management Corp/De/)

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Vacation and Other Benefits. During each twelve-month period that Employee is employed by FCMC, Employee shall be entitled to four 4 weeks (i.e., twenty 20 days) of paid vacation plus regular two personal days, five sick days and regular holidays in accordance with the policies of FCMC. Up to five (5) unused vacation days can be accrued or aggregated from one twelve-month period to the next. In addition, Employee shall be entitled to participate in all present and future benefit plans and/or fringe benefits provided by FCMC to its other executive officers.

Appears in 1 contract

Samples: Employment Agreement Joseph Caiazzo (Franklin Credit Management Corp/De/)

Vacation and Other Benefits. During each twelve-month period that Employee is employed by FCMC, Employee shall be entitled to four three weeks (i.e., twenty fifteen days) of paid vacation plus regular personal days and holidays in accordance with the policies of FCMC. Up to five (5) unused vacation Vacation days can not be accrued or aggregated from one twelve-month period to the next. In addition, Employee shall be entitled to participate in all present and future benefit plans and/or fringe benefits provided by FCMC to its other executive officers.

Appears in 1 contract

Samples: Employment Agreement (Patient Safety Technologies, Inc)

Vacation and Other Benefits. During each twelve-month period that Employee is employed by FCMC, Employee shall be entitled to four weeks (i.e., twenty days) of paid vacation plus regular two personal days, five sick days and regular holidays in accordance with the policies of FCMC. Up to five (5) unused vacation days can be accrued or aggregated from one twelve-month period to the next. In addition, Employee shall be entitled to participate in all present and future benefit plans and/or fringe benefits provided by FCMC to its other executive officers.

Appears in 1 contract

Samples: Employment Agreement (Franklin Credit Management Corp)

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Vacation and Other Benefits. During each twelve-month period that Employee is employed by FCMC, Employee shall be entitled to four three weeks (i.e., twenty fifteen days) of paid vacation plus regular personal days and holidays in accordance with the policies of FCMC. Up to five (5) unused vacation Vacation days can cannot be accrued or aggregated from one twelve-month period to the next. In addition, Employee shall be entitled to participate in all present and future benefit plans and/or fringe benefits provided by FCMC to its other executive officers.

Appears in 1 contract

Samples: Agreement (Franklin Credit Management Corp/De/)

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