Common use of Paid Leave Time Clause in Contracts

Paid Leave Time. Executive shall be entitled to five (5) weeks of annual leave time in accordance with the standard policies or practices of the Company and the Bank for senior management officers. Executive shall not take any leave in excess of a two week period at a time unless approved in advance by the Board of Directors. Executive shall receive his Base Salary and other benefits during periods of leave. Executive shall also be entitled to paid legal holidays in accordance with the policies of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (PSB Group Inc)

AutoNDA by SimpleDocs

Paid Leave Time. Executive shall be entitled to five (5) weeks of annual leave time in accordance with the standard policies or practices of the Company and the Bank for senior management officers, but in no event less than 29 days of leave time during each calendar year of employment. Executive shall not take any leave in excess of a two week period at a time unless approved in advance by mutually agreed upon between the Chairman of the Board of Directorsthe Company and Executive. Executive shall receive his Base Salary and other benefits during periods of leave. Executive shall also be entitled to paid legal holidays in accordance with the policies of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (Monarch Community Bancorp Inc)

Paid Leave Time. Executive shall be entitled to five (5) weeks of annual leave time in accordance with the standard policies or practices of the Company and the Bank for senior management officersofficers plus six days, but in no event less than 36 days of leave time during each year of employment. Executive shall not take any leave in excess of a two week period at a time unless approved in advance by mutually agreed upon between the Chairman of the Board of Directorsthe Bank and Executive. Executive shall receive his Base Salary base salary and other benefits during periods of leave. Executive shall also be entitled to paid legal holidays in accordance with the policies of the Company and the Bank.. 2 Next Page (e)

Appears in 1 contract

Samples: Employment Agreement (Monarch Community Bancorp Inc)

Paid Leave Time. Executive shall be entitled to five (5) weeks of annual leave time in accordance with the standard policies or practices of the Company and the Bank for senior management officers, but in no event less than 26 days of leave time during each calendar year of employment. Executive shall not take any leave in excess of a two week period at a time unless approved in advance by mutually agreed upon between the Chairman of the Board of Directorsthe Company and Executive. Executive shall receive his Base Salary and other benefits during periods of leave. Executive shall also be entitled to paid legal holidays in accordance with the policies of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (Monarch Community Bancorp Inc)

AutoNDA by SimpleDocs

Paid Leave Time. Executive shall be entitled to five twenty (520) weeks days of annual leave time in accordance with the standard policies or practices of the Company and the Bank for senior management officers. Executive shall not take any leave in excess of a two week period at a time unless approved in advance by the Board of Directors. Executive shall receive his Base Salary and other benefits during periods of leave. Executive shall also be entitled to paid legal holidays in accordance with the policies of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (PSB Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!