Common use of Vacation and Sick Leave Clause in Contracts

Vacation and Sick Leave. During the Employment Term, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

Appears in 25 contracts

Samples: Change of Control Agreement (Marshall & Ilsley Corp/Wi/), Change of Control Agreement (Marshall & Ilsley Corp), Change of Control Agreement (Marshall & Ilsley Corp/Wi/)

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Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable benefits equal to the Executivemaximum available to any Company executive, as in effect generally at any time thereafter with respect determined without regard to other peer executives the period of the service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company and its affiliated companiespolicy.

Appears in 25 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement (Continental Airlines Inc /De/)

Vacation and Sick Leave. During the Employment TermPeriod, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) as determined in accordance with the most favorable plans, policies, programs and practices prevailing policies of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable Employer applicable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companiessenior executives.

Appears in 11 contracts

Samples: Executive Employment Agreement (Freedom Group, Inc.), Executive Employment Agreement (Remington Arms Co Inc/), Executive Employment Agreement (Remington Arms Co Inc/)

Vacation and Sick Leave. During the Employment Termeach year of Executive's employment, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable benefits equal to the Executivemaximum available to any Company executive, as in effect generally at any time thereafter with respect determined without regard to other peer executives the period of the service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company and its affiliated companiespolicy.

Appears in 8 contracts

Samples: Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/)

Vacation and Sick Leave. During the Employment TermExecutive’s employment hereunder, the Executive shall be entitled to paid vacation and (a) sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs Company’s policies applicable to its senior executives and practices (b) four weeks paid vacation each calendar year (none of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable which may be carried forward to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companiesa succeeding year).

Appears in 8 contracts

Samples: Employment Agreement (Cardtronics Inc), Employment Agreement (Forum Energy Technologies, Inc.), Employment Agreement (Cardtronics Inc)

Vacation and Sick Leave. During the Employment TermExecutive’s employment hereunder, the Executive shall be entitled to paid sick and vacation and sick leave (without loss of pay) in accordance with the most favorable plansEmployer’s policies applicable to its senior executives, policies, programs which leave shall accrue and practices of be taken in accordance with the Company Employer’s sick and its affiliated companies as vacation policies in effect for the Executive at any from time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable to time. Executive’s right to carry over unused vacation from one calendar year to the Executive, as in effect generally at any time thereafter with respect to other peer executives of next shall be determined by the Company and its affiliated companiesEmployer’s vacation policy.

Appears in 6 contracts

Samples: Employment Agreement (Extraction Oil & Gas, Inc.), Employment Agreement (Extraction Oil & Gas, Inc.), Employment Agreement (Extraction Oil & Gas, Inc.)

Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with benefits under the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable Company’s policies equal to the Executivemaximum available to any Company senior executive, as in effect generally at any time thereafter with respect determined without regard to other peer executives the period of the service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company and its affiliated companiespolicy.

Appears in 3 contracts

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide, Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc)

Vacation and Sick Leave. During the Employment Term, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) each year in accordance with the most favorable plans, Company’s policies in effect from time to time. Executive shall also be entitled to such periods of sick leave as is customarily provided by the Company to its senior executive officers. In accordance with Company policies, programs and practices of Executive shall have the Company and its affiliated companies as in effect right to carry forward unused vacation days for the Executive at a calendar year to any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companiesfuture calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Aphton Corp), Employment Agreement (Aphton Corp)

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Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (benefits under the Company’s policies equal to the maximum available to any Company senior executive, but in any event not less than 4 weeks per calendar year, determined without loss regard to the period of pay) service that might otherwise be necessary to entitle Executive to such vacation or sick leave in accordance with the most favorable plans, policies, programs and practices of the standard Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companiespolicy.

Appears in 2 contracts

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide Inc), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc)

Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (benefits at the maximum level available to any Company executive, determined without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable regard to the Executive, as in effect generally at any time thereafter with respect period of service that might otherwise be necessary to other peer executives of the entitle Executive to such vacation or sick leave under standard Company and its affiliated companiespolicy.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (United Air Lines Inc)

Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) benefits in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable Company’s policies equal to the Executivemaximum available to any Company senior executive. Executive shall also be entitled to annual vacation benefits of not less than 4 weeks per calendar year (or if greater, the maximum available to any Company senior executive) to be used as in effect generally at any time thereafter with respect he shall reasonably determine, but subject to other peer executives standard Company policies regarding carryover of the Company and its affiliated companiesunused vacation from year to year.

Appears in 1 contract

Samples: Employment Agreement (Starwood Hotel & Resorts Worldwide, Inc)

Vacation and Sick Leave. During the Employment Termeach year of his employment, the ----------------------- Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable benefits equal to the Executivemaximum available to any Company executive, as in effect generally at any time thereafter with respect determined without regard to other peer executives the period of the service that might otherwise be necessary to entitle Executive to such vacation or sick leave under standard Company and its affiliated companiespolicy.

Appears in 1 contract

Samples: Employment Agreement (Txu Corp /Tx/)

Vacation and Sick Leave. During the Employment Termeach year of his employment, the Executive shall be entitled to paid vacation and sick leave (without loss of pay) in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the twelve (12) month period immediately preceding the Effective Date or, if more favorable benefits equal to the Executivemaximum available to any executive of Company or ExpressJet, as in effect generally at any time thereafter with respect determined without regard to other peer executives the period of service that might otherwise be necessary to entitle Executive to such vacation or sick leave under the standard policy of Company and its affiliated companiesor ExpressJet.

Appears in 1 contract

Samples: Employment Agreement (Expressjet Holdings Inc)

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