Discretionary Time Off. The Company has no formal vacation or time off policy with set time off amounts and accruals. Instead, Executive will have the flexibility to take time off as determined by Executive, subject to the approval of the CEO.
Discretionary Time Off. Commencing on the Effective Date, Employee shall accrue Discretionary Time Off at the rate established by Employer's Employee Policies and Procedures Manual, as may be amended from time to time, starting at a minimum rate of 6.66 hours per pay period.
Discretionary Time Off. You may take paid time off from work (for vacation, wellness, to care for another, etc.) at your reasonable discretion, provided that you coordinate such time off with, and obtain approval, from your direct manager in advance. Discretionary time off is paid based on your regular base pay. You must ensure that you manage your time off in a manner that prioritizes work responsibilities while balancing personal needs and/or commitments. You are expected to meet deadlines, customer needs, and all job performance requirements, as well as coordinate coverage for your responsibilities during any period of absence. If extended time off in excess of five (5) consecutive business days is needed for a reason other than vacation, you must contact your direct manager. In that situation, appropriate Company management will need to approve the absence and determine whether (and to what extent) the absence will be paid or qualify as a leave of absence under the law or our policies. You will not receive any payment at termination for discretionary time off. The Company will interpret and apply its time off benefits to comply with all national, state, and local laws.
Discretionary Time Off. During his employment hereunder, Executive shall be entitled to accrue Paid Time Off (“PTO”) in accordance with Kreido’s regular PTO policy for all employees, but in any case not less than 25 days per calendar year.
Discretionary Time Off. The Company has no formal vacation or time off policy with set time off amounts and accruals. Instead, Executive will have the flexibility to take time off as determined by Executive, subject to the approval of the CEO.”
3. Section 4 (b) of the Agreement is hereby amended by adding the following sentence at the end of the provision: “ Notwithstanding anything in this Agreement to the contrary, nothing contained in this Agreement limits the Executive’s ability to communicate with or participate in any investigation or proceeding regarding possible violations of U.S. Federal securities laws that may be conducted by the U.S. Securities and Exchange Commission, the U.S. Department of Justice, the U.S. Consumer Financial Protection Bureau or the U.S. Commodity Futures Trading Commission.”
4. Section 8 (d) (6) of the Agreement is hereby deleted in its entirety and is replaced with the following: “
Discretionary Time Off. Employee is subject to Electromed’s Discretionary Time Off (“DTO”) practice, pursuant to which Employee may request time off for vacation, sick, or any other valid reason Employee needs, providing more flexibility of employee well-being, subject to Employee continuing to be able to satisfy Employee’s duties and responsibilities hereunder. DTO is not accrued, is not carried over year to year, and is not paid out upon termination of employment by the Corporation or Employee for any reason.
Discretionary Time Off. While Employee is employed by the Corporation during the Term, Employee shall be eligible to use discretionary time off for illness or other personal business, or as vacation time off at such times so as not to materially disrupt the operations of the Corporation, or as required under applicable law.
Discretionary Time Off. Employees will be granted a maximum of three days, either sick leave, vacation or compensatory time, which normally must be used in units of not less than one day. The use of discretionary time does not interfere with the employee’s right and/or ability to request and schedule vacation or compensatory time in accordance with the collective bargaining agreement. With supervisory approval, employees may take discretionary time off in less than one-day units. Whenever possible, such discretionary time off shall be scheduled with the prior approval of the supervisor. Discretionary time off shall not be carried over from one calendar year to the next. Prior approval for discretionary time off must be obtained for discretionary time off to be used on a holiday, the day preceding a holiday, vacation, or holiday used day, and/or the day following a holiday, vacation, holiday used day or in conjunction with compensatory time. Any discretionary time requested after November 1 shall be subject to the approval of the Master Mechanic, based on operational needs.
Discretionary Time Off. During his employment hereunder, Executive shall be entitled to accrue Paid Time Off (“PTO”) in accordance with Kreido’s regular PTO policy for all employees, or at the rate of fifteen days per calendar year, whichever is greater. In addition, Executive may devote up to 4 work days per calendar month to philanthropic, civic, charitable, personal, business or religious activities, or to serving on the boards of directors or as a trustee of other entities (“Discretionary Time Off”). Time off Executive takes prior to December 6, 2007, if any, shall not count against Executive’s 2008 PTO accrual nor his 2008 Discretionary Time Off accrual. The quantum of Executive’s Discretionary Time Off shall not be limited or reduced by any other provision of this Agreement, including, without limitation, Section 10.4. Executive shall provide written notice to the Company of those companies, if any, for which he now serves as a director or trustee, and Executive shall provide written notice to the Company in advance of any additional board memberships and/or trusteeships he proposes to take on that involve the area of biofuels technology, supply, facilities, equipment, production, sales, and/or services.
Discretionary Time Off. During his employment hereunder, Executive shall be entitled to accrue Paid Time Off (“PTO”) in accordance with Kreido’s regular PTO policy for all employees, or at the rate of twenty days per calendar year, whichever is greater. Executive shall be entitled to additional PTO of no more than two days per month (four days per month through June 30, 2008) to attend classes and study in the Executive MBA Program at the Graduate School of Management at UCLA. Executive shall provide the Company with a report each month of those days on which he was absent from work to attend and/or prepare for class. A total of five business days between June 30 and July 16 that Executive is traveling to, in, through and from the Peoples Republic of China shall be charged as PTO vacation days while the remaining Company business days will be paid as qualified work days.
