Common use of Paid Time Off Benefits Clause in Contracts

Paid Time Off Benefits. Xxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxx’x employment, unless Xxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxx Xxxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxx Xxxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxx’x Xxxxxx’x employment, unless Xxxx’x Xxxxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxx Xxxxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxx Xxxxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxx’x Xxxxxxx’x employment, unless Xxxx’x Xxxxxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.

Paid Time Off Benefits. Xxxx Xxxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxx Xxxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxx’x Xxxxx’ employment, unless Xxxx’x Xxxxx’ employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.