Common use of Paid Time Off; Holidays Clause in Contracts

Paid Time Off; Holidays. During the Term, Executive shall be eligible for paid time off (PTO) in accordance with policies approved from time to time by the Company for the benefit of executives generally. As of the Effective Date, the Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. Executive shall also be entitled to paid holidays as provided by Company policy from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Offerpad Solutions Inc.), Employment Agreement (Offerpad Solutions Inc.), Employment Agreement (Offerpad Solutions Inc.)

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Paid Time Off; Holidays. During the Term, Executive shall be eligible for paid time off (PTO) in accordance with policies approved from time to time by the Company for the benefit of executives generally. As of the Effective Date, the Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, that PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. Because no PTO accrues under this policy, there will be no payment for “unused” PTO upon Executive’s separation from employment. Executive shall also be entitled to paid holidays as provided by Company policy from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Offerpad Solutions Inc.), Employment Agreement (Supernova Partners Acquisition Company, Inc.), Employment Agreement (Supernova Partners Acquisition Company, Inc.)

Paid Time Off; Holidays. During the Term, the Executive shall be eligible for entitled to accrue up to twenty (20) days of paid time off (PTO) in accordance with policies approved from time each calendar year which shall be accrued ratably per pay period. Unused PTO cannot be carried over to time by the Company for next calendar year and all unused PTO remaining at the benefit end of executives generallya calendar year will be forfeited. As of the Effective Date, the Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. The Executive shall also be entitled to all paid holidays as provided given by the Company policy from time to timeits executives.

Appears in 2 contracts

Samples: Employment Agreement (Cano Health, Inc.), Employment Agreement (Jaws Acquisition Corp.)

Paid Time Off; Holidays. During the Term, Executive shall be eligible for paid time off (PTO) in accordance with policies approved from time to time by the Company for the benefit of executives generally. As of the Effective Date, the Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. Executive shall also be entitled to paid holidays as provided by Company policy from time to time.

Appears in 1 contract

Samples: Employment Agreement (Offerpad Solutions Inc.)

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Paid Time Off; Holidays. During the Term, Executive shall be eligible for paid time off (PTO) in accordance with policies approved from time to time by the Company for the benefit of executives generally. As of the Effective Date, the The Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. Executive shall also be entitled to paid holidays as provided by Company policy from time to time.

Appears in 1 contract

Samples: Employment Agreement (Offerpad Solutions Inc.)

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