Common use of Vacation; Sick Leave Clause in Contracts

Vacation; Sick Leave. Executive shall be entitled to 20 paid time off days (accrued on a biweekly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the needs and Policies of Company and its Related Companies. All vacation days and sick leave days shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation days and sick leave days remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days will be paid, lost, or carried over into subsequent fiscal years.

Appears in 2 contracts

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

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Vacation; Sick Leave. Executive shall be entitled to 20 paid time off (“PTO”) days (accrued on a biweekly semi-monthly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the Company needs and Policies of Company and its Related Companiesthe Policies. All vacation PTO days and sick leave days hours shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation PTO days and sick leave days hours remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days hours will be paid, lost, or carried over into subsequent fiscal years.

Appears in 2 contracts

Samples: Employment Agreement (Lineage Cell Therapeutics, Inc.), Employment Agreement (Lineage Cell Therapeutics, Inc.)

Vacation; Sick Leave. Executive shall be entitled to 20 paid time off days (accrued on a biweekly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the needs and Policies of Company and its Related CompaniesCompany. All vacation days and sick leave days shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation days and sick leave days remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days will be paid, lost, or carried over into subsequent fiscal years.

Appears in 1 contract

Samples: Employment Agreement (AgeX Therapeutics, Inc.)

Vacation; Sick Leave. Executive shall be entitled to 20 25 paid time off days per year (accrued on a biweekly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the needs and Policies of Company and its Related CompaniesCompany. All vacation days and sick leave days shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation days and sick leave days remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days will be paid, lost, or carried over into subsequent fiscal years.

Appears in 1 contract

Samples: Employment Agreement (AgeX Therapeutics, Inc.)

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Vacation; Sick Leave. Executive shall be entitled to 20 paid time off days (accrued on a biweekly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the needs and Policies of Company and its Related CompaniesSubsidiaries. All vacation days and sick leave days shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation days and sick leave days remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days will be paid, lost, or carried over into subsequent fiscal years.

Appears in 1 contract

Samples: Employment Agreement (OncoCyte Corp)

Vacation; Sick Leave. Executive shall be entitled to 20 paid time off (“PTO”) days (accrued on a biweekly pay period basis and capped at 1.5 times the yearly accrual), 24 hours of annual sick leave, without reduction in compensation, during each calendar year, or as may be provided by the Policies. Executive’s vacation shall be taken at such time as is consistent with the Company needs and Policies of Company and its Related Companiesthe Policies. All vacation PTO days and sick leave days hours shall accrue annually based upon days of service. Executive’s right to leave from work due to illness is subject to the Policies and the provisions of this Agreement governing termination due to disability, sickness or illness. The Policies governing the disposition of unused vacation PTO days and sick leave days hours remaining at the end of Company’s fiscal year shall govern whether unused vacation days or sick leave days hours will be paid, lost, or carried over into subsequent fiscal years.

Appears in 1 contract

Samples: Employment Agreement (Lineage Cell Therapeutics, Inc.)

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