Common use of Vacation Days Clause in Contracts

Vacation Days. During the Term, Employee shall be entitled to paid vacation days in accordance with Employer's policies with respect to such vacation days in place from time to time; provided, however, that Employee shall accrue or earn no less than 20 paid vacation days per calendar year. Employee will not forfeit vacation if they are not taken by calendar year end; provided, however, once Employee has accrued or earned the maximum number of vacation days provided for in any one year as provided in the preceding sentence, no additional vacation days will accrue or be earned by Employee until Employee has taken accrued or earned vacation days and reduced the balance of accrued or earned vacation days below that level. Thereafter, vacation days will accrue or be earned on a prospective basis only until and if, the maximum is again reached.

Appears in 6 contracts

Samples: Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.)

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Vacation Days. During the Term, Employee shall be entitled to paid vacation days in accordance with Employer's policies with respect to such vacation days in place from time to time; provided, however, that Employee shall accrue or earn no less than 15 paid vacation days for the first calendar year of this Agreement and 20 paid vacation days per calendar yearyear thereafter. Employee will not forfeit vacation if they are not taken by calendar year end; provided, however, once Employee has accrued or earned the maximum number of vacation days provided for in any one year as provided in the preceding sentence, no additional vacation days will accrue or be earned by Employee until Employee has taken accrued or earned vacation days and reduced the balance of accrued or earned vacation days below that level. Thereafter, vacation days will accrue or be earned on a prospective basis only until and if, the maximum is again reached.

Appears in 1 contract

Samples: Employment Agreement (Ivivi Technologies, Inc.)

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Vacation Days. During the Term, Employee shall be entitled to paid vacation days in accordance with Employer's policies with respect to such vacation days in place from time to time; provided, however, that Employee shall accrue or earn no less than 20 15 paid vacation days per calendar year. Employee will not forfeit vacation days if they are not taken by the end of the calendar year endyear; provided, however, once Employee has accrued or earned the maximum number of vacation days provided for in any one calendar year as provided in the preceding sentence, no additional vacation days will accrue or be earned by Employee until Employee has taken accrued or earned vacation days and reduced the balance of accrued or earned vacation days below that maximum level. Thereafter, vacation days will accrue or be earned on a prospective basis only until until, and if, the maximum is again reached.

Appears in 1 contract

Samples: Executive Employment Agreement (PMX Communities, Inc.)

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