Common use of Vacation and Sick Leave Clause in Contracts

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits equal to the maximum available to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policy.

Appears in 25 contracts

Samples: Employment Agreement (Txu Corp /Tx/), Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/)

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Vacation and Sick Leave. During each year of his employmentthe Employment Term, the Executive shall be entitled to paid vacation and sick leave benefits equal (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable to the maximum available Executive, as in effect generally at any time thereafter with respect to any other peer executives of the Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policyand its affiliated companies.

Appears in 25 contracts

Samples: Change of Control Agreement (Marshall & Ilsley Corp), Change of Control Agreement (Marshall & Ilsley Corp), Change of Control Agreement (Marshall & Ilsley Corp/Wi/)

Vacation and Sick Leave. During each year of his employmentthe Employment Period, Executive shall be entitled to vacation and sick leave benefits equal as determined in accordance with the prevailing policies of Employer applicable to the maximum available to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policysenior executives.

Appears in 11 contracts

Samples: Executive Employment Agreement (Freedom Group, Inc.), Executive Employment Agreement (Remington Arms Co Inc/), Executive Employment Agreement (Remington Arms Co Inc/)

Vacation and Sick Leave. During each year of his Executive's employment, Executive shall be entitled to vacation and sick leave benefits equal to the maximum available to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policy.

Appears in 8 contracts

Samples: Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/)

Vacation and Sick Leave. During each year of his employmentExecutive’s employment hereunder, Executive shall be entitled to vacation and (a) sick leave benefits equal in accordance with the Company’s policies applicable to the maximum available its senior executives and (b) four weeks paid vacation each calendar year (none of which may be carried forward to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policya succeeding year).

Appears in 8 contracts

Samples: Employment Agreement (Cardtronics Inc), Employment Agreement (Cardtronics Inc), Employment Agreement (Forum Energy Technologies, Inc.)

Vacation and Sick Leave. During each year of his employmentExecutive’s employment hereunder, Executive shall be entitled to sick and vacation leave in accordance with the Employer’s policies applicable to its senior executives, which leave shall accrue and be taken in accordance with the Employer’s sick leave benefits equal and vacation policies in effect from time to time. Executive’s right to carry over unused vacation from one calendar year to the maximum available to any Company executive, next shall be determined without regard to by the period of service that might otherwise be necessary to entitle Executive to such Employer’s vacation or sick leave under standard Company policy.

Appears in 6 contracts

Samples: Employment Agreement (Extraction Oil & Gas, Inc.), Form of Employment Agreement (Extraction Oil & Gas, LLC), Employment Agreement (Extraction Oil & Gas, Inc.)

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits under the Company’s policies equal to the maximum available to any Company senior executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policy.

Appears in 3 contracts

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide, Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc)

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits under the Company’s policies equal to the maximum available to any Company senior executive, but in any event not less than 4 weeks per calendar year, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under in accordance with standard Company policy.

Appears in 2 contracts

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Vacation and Sick Leave. During each year of his employmentthe Employment Term, Executive shall be entitled to vacation and each year in accordance with the Company’s policies in effect from time to time. Executive shall also be entitled to such periods of sick leave benefits equal as is customarily provided by the Company to its senior executive officers. In accordance with Company policies, Executive shall have the maximum available right to carry forward unused vacation days for a calendar year to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policyfuture calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Aphton Corp), Employment Agreement (Aphton Corp)

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits equal to the maximum available to any executive of Company executiveor ExpressJet, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under the standard policy of Company policyor ExpressJet.

Appears in 1 contract

Samples: Employment Agreement (Expressjet Holdings Inc)

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits equal to at the maximum level available to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policy.

Appears in 1 contract

Samples: Employment Agreement (United Air Lines Inc)

Vacation and Sick Leave. During each year of his employment, Executive shall be entitled to vacation and sick leave benefits in accordance with the Company’s policies equal to the maximum available to any Company senior executive. Executive shall also be entitled to annual vacation benefits of not less than 4 weeks per calendar year (or if greater, determined without regard the maximum available to the period of service that might otherwise any Company senior executive) to be necessary used as he shall reasonably determine, but subject to entitle Executive to such vacation or sick leave under standard Company policypolicies regarding carryover of unused vacation from year to year.

Appears in 1 contract

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide, Inc)

Vacation and Sick Leave. During each year of his employment, ----------------------- Executive shall be entitled to vacation and sick leave benefits equal to the maximum available to any Company executive, determined without regard to the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company policy.

Appears in 1 contract

Samples: Employment Agreement (Txu Corp /Tx/)

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