Common use of Vacation Days Clause in Contracts

Vacation Days. Executive shall be entitled to twenty (20) days paid vacation each calendar year during the Term. Vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall not be carried over 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.)

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Vacation Days. The Executive shall be entitled to twenty (20) days paid of vacation for each calendar year 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 TermFiscal Year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to the next calendar year.

Appears in 3 contracts

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

Vacation Days. Executive shall be entitled to twenty fifteen (2015) days paid vacation each calendar year during the Term. Vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall not be carried over 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 yearly vacation days amounting to twenty-five (2025) days paid vacation each calendar year during the Term. Vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall not be carried over to the next calendar 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 (2025) days paid of vacation for each calendar year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given calendar year during that same calendar year; as a result, for any portion of a calendar year worked, the vacation shall be prorated on the basis of the number of days worked during the Termcalendar year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to year, unless otherwise approved by the next calendar yearCompany.

Appears in 2 contracts

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

Vacation Days. The Executive shall be entitled to twenty (20) days paid of vacation for each calendar year 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 TermFiscal Year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to year, unless otherwise approved by the next calendar yearCompany.

Appears in 2 contracts

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

Vacation Days. The Executive shall be entitled to twenty (20) days paid of vacation for each calendar year Calendar Year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given Calendar Year during that same Calendar Year; as a result, for any portion of a Calendar Year worked, the vacation shall be prorated on the basis of the number of days worked during the TermCalendar Year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to the next calendar 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 the number of paid vacation days and paid holidays in each calendar year during the Term. Vacation days shall accrue in accordance with the policy established as are determined by the Company for its executives from time to time and for senior executive officers, provided that the extent not used, aggregate annual number of such vacation days exclusive of paid holidays shall not be carried over to the next 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 (20) days paid of vacation for each calendar year consistent with the Company’s vacation policy for Senior Management officers. The vacation days are earned for a given calendar year during that same calendar year; as a result, for any portion of a calendar year worked, the vacation shall be prorated on the basis of the number of days worked during the Termcalendar year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to year, unless otherwise approved by the next calendar yearPresident and Chief Executive Officer.

Appears in 1 contract

Samples: Employment Agreement (Birks & Mayors Inc.)

Vacation Days. Executive shall be entitled to twenty (20) days paid vacation each calendar year during the Term. Vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall not be carried over 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 paid of vacation for each calendar year 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 TermFiscal Year. Vacation Unused vacation days shall accrue in accordance with the policy established by the Company for its executives from time to time and the extent not used, shall may not be carried over from year to the next calendar year.

Appears in 1 contract

Samples: Employment Agreement (Henry Birks & Sons Inc)

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