Common use of Paid and Unpaid Leave Clause in Contracts

Paid and Unpaid Leave. During the Period of Employment, the Executive will be eligible for paid and/or unpaid leave (including but not limited to vacation time and sick leave) in accordance with the Company’s Employee Handbook. The Company’s leave policies may be amended from time to time by the Company as determined by the Company in its sole discretion (or a committee thereof) during the Period of Employment, provided, that, it may be increased, but not decreased. with law. Notwithstanding the accrual provisions of the Company’s paid leave policy, the Executive’s initial combined annual rate of vacation and paid sick pay shall be one hundred sixty-eight (168) hours, or twenty-one (21) working days (i.e., fifteen vacation days plus the annual cap of six paid vacation days) and shall increase by the equivalent of three (3) vacation days per year thereafter.