Common use of Vacation and Sick Pay Clause in Contracts

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each year during the Term; provided, however, that at least two (2) weeks of said vacation (the “Mandatory Vacation”) shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any vacation time not used in excess of the Mandatory Vacation shall be accumulated in accordance with Bank’s Personnel Policy unless other arrangements are approved in advance by the Board of Directors. Executive shall also be entitled to sick pay in accordance with Bank’s Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation during each year during of the Term; provided, however, that for each year of the Term, Executive is required to and shall take at least two (2) weeks of said vacation (the “Mandatory Vacation”) ), which shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any Any vacation time not used in excess of the Mandatory Vacation shall may be accumulated in accordance with Bank’s Personnel Policy unless other arrangements are approved in advance by the Board of DirectorsPolicy. Executive shall also be entitled to sick pay in accordance with Bank’s Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation during each year during of the Term; provided, however, that at least two (2) weeks of said vacation (the “Mandatory Vacation”) shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any Any vacation time not used in excess of the Mandatory Vacation shall may be accumulated in accordance with Bankthe Company’s Personnel Policy unless other arrangements are approved in advance by the Board of DirectorsPolicy. Executive shall also be entitled to sick pay in accordance with Bankthe Company’s Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each year during the Term; provided, however, that beginning in 2006, at least two (2) weeks of said vacation (the “Mandatory Vacation”) shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any vacation time not used in excess of the Mandatory Vacation shall be accumulated in accordance with Bank’s Personnel Policy deemed waived, unless other arrangements are otherwise approved in advance by the Board of DirectorsDirectors or accumulated in accordance with the Corporation’s Personnel Policy. Executive shall also be entitled to sick pay in accordance with Bankthe Corporation’s Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each per year during the Term, in accordance with Bank's Personnel Policy; provided, however, that each year of the Term Executive is required to and shall take at least two (2) weeks of said vacation (the “"Mandatory Vacation”) "), which shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, vacation and any vacation time not used in excess of the Mandatory Vacation shall may be accumulated in accordance with Bank’s Personnel Policy unless other arrangements are approved in advance by the Board for future years up to a maximum of Directorseight (8) weeks. Executive shall also be entitled to sick pay in accordance with Bank’s 's Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each per year during the Term, in accordance with Bank’s Personnel Policy; provided, however, that each year of the Term Executive is required to and shall take at least two (2) weeks of said vacation (the “Mandatory Vacation”) ), which shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any Any vacation time not used in excess of the Mandatory Vacation shall may be accumulated in accordance with Bank’s Personnel Policy unless other arrangements are approved in advance by the Board of DirectorsPolicy. Executive shall also be entitled to sick pay in accordance with Bank’s Personnel Policy.

Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each year during the Term; provided, howeverhowever beginning in 2006, that at least two (2) weeks of said vacation (the “Mandatory Vacation”) shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any vacation time not used in excess of the Mandatory Vacation shall be accumulated in accordance with Bank’s Personnel Policy deemed waived, unless other arrangements are otherwise approved in advance by the Board of DirectorsDirectors or accumulated in accordance with the Corporation’s Personnel Policy. Executive shall also be entitled to sick pay in accordance with Bankthe Corporation’s Personnel Policy.