Common use of Vacation Benefit Clause in Contracts

Vacation Benefit. The Executive shall be entitled to four (4) weeks paid vacation in each calendar year (but no more than ten [10] consecutive business days at any given time), which shall be taken at such times as are consistent with Executive’s responsibilities hereunder. The Executive’s vacation schedule shall be submitted and approved by the Company. The Executive agrees and understands that vacation days shall not be taken during any period upon which the Company is undergoing a financial audit by its approved Financial Auditors. Unless otherwise approved by the Company, any vacation days not taken in any calendar year shall be forfeited without payment therefore.

Appears in 5 contracts

Samples: Employment Agreement (X & O Cosmetics, Inc), Employment Agreement (X & O Cosmetics, Inc), Employment Agreement (X & O Cosmetics, Inc)

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Vacation Benefit. The Executive shall be entitled to four (4) weeks paid vacation in each calendar year (but no more than ten [10] 10 consecutive business days at any given time), which shall be taken at such times as are consistent with Executive’s responsibilities hereunder. The Executive’s vacation schedule shall be submitted and approved by the Company. The Executive agrees and understands that vacation days shall not be taken during any period upon which the Company is undergoing a financial audit by its approved Financial Auditors. Unless otherwise approved by the Company, any vacation days not taken in any calendar year shall be forfeited without payment therefore.

Appears in 5 contracts

Samples: Employment Agreement (Juma Technology Corp.), Employment Agreement (Juma Technology Corp.), Employment Agreement (Juma Technology Corp.)

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Vacation Benefit. The Executive shall be entitled to four (4) weeks paid vacation in each calendar year (but no more than ten [10] 10 consecutive business days at any given time), which shall be taken at such times as are consistent with Executive’s responsibilities hereunder. The Executive’s vacation schedule shall be submitted and approved by the Company. The Executive agrees and understands that vacation days shall not be taken during any period upon which the Company is undergoing a financial audit by its approved Financial Auditors. Unless otherwise approved by the Company, any vacation days not taken in any calendar year shall be forfeited without payment thereforeat no time have accrued more than four (4) weeks vacation.

Appears in 3 contracts

Samples: Employment Agreement (T3 Motion, Inc.), Employment Agreement (T3 Motion, Inc.), Employment Agreement (T3 Motion, Inc.)

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