Common use of Vacation Days Clause in Contracts

Vacation Days. The Executive shall be entitled to twenty days of vacation for each Fiscal Year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a result, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to year.

Appears in 3 contracts

Samples: Employment Agreement (Mayors Jewelers Inc/De), Employment Agreement (Birks Group Inc.), Employment Agreement (Mayors Jewelers Inc/De)

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Vacation Days. The Executive shall be entitled to twenty (20) days of paid vacation for each Fiscal Year consistent calendar year during the Term. Vacation days shall accrue in accordance with the Company’s vacation policy established by the Company for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a resultits executives from time to time and the extent not used, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to the next calendar year.

Appears in 3 contracts

Samples: Employment Agreement (Celsius Holdings, Inc.), Employment Agreement (Celsius Holdings, Inc.), Employment Agreement (Celsius Holdings, Inc.)

Vacation Days. The Executive shall be entitled to twenty (20) days of vacation for each Fiscal Year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a result, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to year, unless otherwise approved by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Birks Group Inc.), Employment Agreement (Birks Group Inc.)

Vacation Days. The Executive shall be entitled to twenty days of vacation for each Fiscal Year consistent with the Company’s vacation policy for Senior Management officers. The yearly vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a result, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of amounting to twenty-five (25) days worked during the Fiscal Year. Unused vacation days may not be carried over from year to yearannually.

Appears in 2 contracts

Samples: Employment Agreement (Autoliv Inc), Employment Agreement (Autoliv Inc)

Vacation Days. The Executive shall be entitled to twenty twenty-five (25) days of vacation for each Fiscal Year calendar year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year calendar year during that same Fiscal Yearcalendar year; as a result, for any portion of a Fiscal Year calendar year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Yearcalendar year. Unused vacation days may not be carried over from year to year, unless otherwise approved by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Birks Group Inc.), Employment Agreement (Birks & Mayors Inc.)

Vacation Days. The Executive shall be entitled to twenty fifteen (15) days of paid vacation for each Fiscal Year consistent calendar year during the Term. Vacation days shall accrue in accordance with the Company’s vacation policy established by the Company for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a resultits executives from time to time and the extent not used, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to the next calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Celsius Holdings, Inc.), Employment Agreement (Celsius Holdings, Inc.)

Vacation Days. The Executive shall be entitled to twenty (20) days of vacation for each Fiscal Calendar Year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Calendar Year during that same Fiscal Calendar Year; as a result, for any portion of a Fiscal Calendar Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Calendar Year. Unused vacation days may not be carried over from year to year.

Appears in 1 contract

Samples: Employment Agreement (Birks & Mayors Inc.)

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Vacation Days. The Executive shall be entitled to twenty (20) days of paid vacation for each Fiscal Year consistent calendar year during the Term. Vacation days shall accrue in accordance with the Company’s vacation policy established by the Company for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a resultits executives from time to time and the extent not used, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to the next calendar year. Section 5.2.

Appears in 1 contract

Samples: Employment Agreement (Celsius Holdings, Inc.)

Vacation Days. The Executive shall be entitled to twenty (20) days of vacation for each Fiscal Year calendar year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year calendar year during that same Fiscal Yearcalendar year; as a result, for any portion of a Fiscal Year calendar year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Yearcalendar year. Unused vacation days may not be carried over from year to year, unless otherwise approved by the President and Chief Executive Officer.

Appears in 1 contract

Samples: Employment Agreement (Birks & Mayors Inc.)

Vacation Days. The Executive shall be entitled to twenty days of vacation for each Fiscal Year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a result, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused paid vacation days may not be carried over and paid holidays in each year as are determined by the Company from year time to time for senior executive officers, provided that the aggregate annual number of such vacation days exclusive of paid holidays shall at no time fall below twenty per calendar year.

Appears in 1 contract

Samples: Employment Agreement (LSB Corp)

Vacation Days. The Executive shall be entitled to twenty days of vacation for each Fiscal Year consistent with the Company’s 's vacation policy for Senior Management officers. The vacation days are earned for a given Fiscal Year during that same Fiscal Year; as a result, for any portion of a Fiscal Year worked, the vacation shall be prorated on the basis of the number of days worked during the Fiscal Year. Unused vacation days may not be carried over from year to year.

Appears in 1 contract

Samples: Employment Agreement (Henry Birks & Sons Inc)

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