Common use of Vacations and Holidays Clause in Contracts

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive Officer. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may be used in any subsequent Fiscal Year.

Appears in 3 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive OfficerChairman of the Board. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may be used in any subsequent Fiscal Year.

Appears in 3 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

Vacations and Holidays. The Executive will be entitled to the amount of paid vacation each Fiscal Year as is provided to the Chief Executive Officer of Craftmade, in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chairman of the Board or Chief Executive OfficerOfficer of Craftmade. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 3 contracts

Samples: Employment Agreement (Craftmade International Inc), Employment Agreement (Craftmade International Inc), Employment Agreement (Craftmade International Inc)

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive Officer. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's ’s policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may be used in any subsequent Fiscal Year.

Appears in 2 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of . The Executive will be entitled to three weeks paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive Officervacation. The Executive will also be entitled to the paid holidays and other paid leave as set forth in and subject to the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may be used in any subsequent Fiscal Year, as amended from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Firstcity Financial Corp), Employment Agreement (Firstcity Financial Corp)

Vacations and Holidays. The Executive will be entitled to four weeks of paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers as modified from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chairman of the Board or Chief Executive Officer. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 2 contracts

Samples: Employment Agreement (Innovative Software Technologies Inc), Employment Agreement (Innovative Software Technologies Inc)

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chairman of the Board or the Chief Executive Officer. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Iti Technologies Inc)

Vacations and Holidays. The Executive will be entitled to twenty (20) days of paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers as modified from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive OfficerChairman of the Board. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Znergy, Inc.)

Vacations and Holidays. The Executive will be entitled to four weeks' paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive OfficerOfficer of Employer. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Webb Interactive Services Inc)

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Vacations and Holidays. The Executive will be entitled to [four] weeks' paid vacation each [Fiscal Year Year] in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chairman of the Board or Chief Executive Officer. The Executive will also be entitled to the paid holidays [and other paid leave leave] set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may [not] be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chairman of the Board or the Chief Executive Officer. The Executive will also be entitled to the paid holidays and other paid leave leave, as set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Gunther International LTD)

Vacations and Holidays. The Executive will be entitled to paid vacation each Fiscal Year year in accordance with the vacation policies of the Employer in effect for its executive officers employees from time to time; provided, provided however, that in no event Executive shall such number of be entitled to not less than four (4) weeks paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive Officervacation. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Tradestar Services, Inc.)

Vacations and Holidays. The Executive will be entitled to a paid vacation during each Fiscal Year fiscal year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive OfficerChairman of the Board. The Executive will also be entitled to the paid holidays and other paid leave as set forth in the Employer's policies. Vacation days and holidays during any Fiscal Year fiscal year of Employer that are not used by the Executive during such Fiscal Year fiscal year may not be used in any subsequent Fiscal Yearfiscal year.

Appears in 1 contract

Samples: Assumption Agreement (Halter Marine Group Inc)

Vacations and Holidays. The Executive will be entitled to twenty (20) days of paid vacation each Fiscal Year in accordance with the vacation policies of the Employer in effect for its executive officers as modified from time to time, provided that in no event shall such number of paid vacation days be fewer than twenty. Vacation must be taken by the Executive at such time or times as approved by the Chief Executive OfficerChairman of the Board. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's ’s policies. Vacation days and holidays during any Fiscal Year that are not used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal Year.

Appears in 1 contract

Samples: Employment Agreement (Znergy, Inc.)

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