Common use of Leave and Paid Time Off Clause in Contracts

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 11 contracts

Samples: Employment Agreement (Fifth District Bancorp, Inc.), Employment Agreement (Fifth District Bancorp, Inc.), Employment Agreement (Fifth District Bancorp, Inc.)

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Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Security Midwest Bancorp, Inc.), Employment Agreement (Security Midwest Bancorp, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, provided, however, that the Executive will be entitled to a minimum of 23 days of paid time off each year, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (VWF Bancorp, Inc.), Employment Agreement (VWF Bancorp, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, provided, however, that the Executive will be entitled to a minimum of 22 days of paid time off each year, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (VWF Bancorp, Inc.), Employment Agreement (VWF Bancorp, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, provided, however, that the Executive will be entitled to a minimum of 20 days of paid time off each year, in addition to all holidays observed by the Bank; however, for calendar 2023 this will be 15 days due to the date of employment being after March 31, 2023. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.. ​

Appears in 1 contract

Samples: Employment Agreement (VWF Bancorp, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officersprocedures, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Central Plains Bancshares, Inc.)

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Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time. Notwithstanding the foregoing, each year, the Bank will pay the Executive for up to two (2) weeks unused paid time off.

Appears in 1 contract

Samples: Employment Agreement (Security Midwest Bancorp, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, provided, however, that the Executive will be entitled to a minimum of twenty-six (26) days of paid time off each year, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (PB Bankshares, Inc.)

Leave and Paid Time Off. The Executive will be entitled to paid time off each year during the term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices and in accordance with the Bank’s policies and procedures for officers, provided, however, that the Executive will be entitled to a minimum of 30 days of paid time off each year, in addition to all holidays observed by the Bank. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Pathfinder Bancorp, Inc.)

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