Common use of Paid Time Off and Holidays Clause in Contracts

Paid Time Off and Holidays. The Company does not currently limit Paid Time Off (“PTO”) for its executives, and Executive shall be entitled to PTO in accordance with the Company's PTO policy in effect from time to time with respect to executives. The Company observes ten (10) paid holidays per calendar year. Nine (9) of the Company-observed holidays are the same each year; one (1) “floating” holiday is determined by the Company annually.

Appears in 6 contracts

Samples: Employment Agreement (Emcore Corp), Employment Agreement (Emcore Corp), Employment Agreement (Emcore Corp)

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Paid Time Off and Holidays. The Company does not currently limit Paid Time Off (“PTO”) for its executives, and Executive shall be entitled to PTO in accordance with the Company's ’s PTO policy in effect from time to time with respect to executives. The Company observes ten (10) paid holidays per calendar year. Nine (9) of the Company-observed holidays are the same each year; one (1) “floating” holiday is determined by the Company annually.

Appears in 3 contracts

Samples: Employment Agreement (Emcore Corp), Employment Agreement (Emcore Corp), Employment Agreement (Emcore Corp)

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