Common use of Vacation; Paid Time Off Clause in Contracts

Vacation; Paid Time Off. Notwithstanding anything to the contrary in the Company’s vacation or paid time off (“PTO”) policies, for each calendar year during the Term, Executive shall be entitled to four (4) weeks (20 business days) vacation and paid time off under the Company’s “PTO” plan for each calendar year.

Appears in 11 contracts

Samples: Non Competition and Non Solicitation Agreement (Fortress Investment Group LLC), Solicitation Agreement (Fortress Investment Group LLC), Non Competition and Non Solicitation Agreement (Fortress Investment Group LLC)

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Vacation; Paid Time Off. Notwithstanding anything to the contrary in the Company’s vacation or paid time off (‘‘PTO’’) policies, for each calendar year during the Termstarting with 2007, Executive shall be entitled to four (4) weeks (20 business days) vacation and paid time off under the Company’s ‘‘PTO’’ plan for each calendar year.

Appears in 5 contracts

Samples: Non Competition and Non Solicitation Agreement (Fortress Investment Group Holdings LLC), Non Competition and Non Solicitation Agreement (Fortress Investment Group Holdings LLC), Non Competition and Non Solicitation Agreement (Fortress Investment Group Holdings LLC)

Vacation; Paid Time Off. Notwithstanding anything to the contrary in the Company’s 's vacation or paid time off ("PTO") policies, for each calendar year during the Termstarting with 2006, Executive shall be entitled to four (4) weeks (20 business days) vacation and paid time off under the Company’s “'s "PTO" plan for each calendar year, and in the event Executive does not utilize all such four (4) weeks during any calendar year, (a) Executive shall be paid for up to two (2) weeks (10 business days) of such unused vacation/PTO at a weekly rate equal to the then applicable Base Salary divided by 52, and (b) the remaining unused days of vacation/PTO shall be deemed forfeited at the end of such calendar year.

Appears in 4 contracts

Samples: Employment Agreement (Brookdale Senior Living Inc.), Employment Agreement (Brookdale Senior Living Inc.), Employment Agreement (Brookdale Senior Living Inc.)

Vacation; Paid Time Off. Notwithstanding anything to the contrary in the Company’s 's vacation or paid time off ("PTO") policies, for each calendar year during the Termstarting with 2007, Executive shall be entitled to four (4) weeks (20 business days) vacation and paid time off under the Company’s “'s "PTO" plan for each calendar year, and in the event Executive does not utilize all such four (4) weeks during any calendar year, (a) Executive shall be paid for up to two (2) weeks (10 business days) of such unused vacation/PTO at a weekly rate equal to the then applicable Base Salary divided by 52, and (b) the remaining unused days of vacation/PTO shall be deemed forfeited at the end of such calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Brookdale Senior Living Inc.), Employment Agreement (Brookdale Senior Living Inc.)

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Vacation; Paid Time Off. Notwithstanding anything to During the contrary in the Company’s vacation or paid time off (“PTO”) policies, for each calendar year during the Employment Term, the Executive shall be entitled to four (4) weeks (20 business days) vacation and per year of paid time off under the Company’s (“PTO” plan for each calendar year”) in accordance with Company policy as may be in effect from time to time, which PTO may be taken at such times and in such increments as the Executive may choose upon approval by the CEO.

Appears in 1 contract

Samples: Employment Agreement (Alopexx, Inc.)

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