Common use of Paid Vacation Clause in Contracts

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank Bancorp holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank Bancorp on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of the Bank holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from the Bank on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank on account of his Employee’s failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank holding executive vice president or higher positions, subject to adjustment based on Employee's part-time status pursuant to the mutual agreement of the parties. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank Bancorp holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank Bancorp on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar xxx xxlendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank Bancorp holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation from Bank Bancorp on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.

Paid Vacation. During the term of the Agreement, Employee shall be entitled to annual paid vacation benefits identical to those offered to employees of Bank Bancorp holding executive vice president or higher positions. The timing of vacations shall be scheduled in a reasonable manner by Employee. Employee shall not be entitled to receive any additional compensation 5 from Bank Bancorp on account of his failure to take a vacation, and may not accumulate unused vacation time from one calendar year to the next.