Common use of Paid Time Off; Holidays Clause in Contracts

Paid Time Off; Holidays. During the Term, the Executive shall be entitled to accrue up to twenty (20) days of paid time off (“PTO”) in each calendar year which shall be accrued ratably per pay period. Unused PTO cannot be carried over to the next calendar year and all unused PTO remaining at the end of a calendar year, or upon the termination of this Agreement by either party with or without cause, will be forfeited without payment. The Executive shall also be entitled to all paid holidays given by the Company to its senior executives.

Appears in 2 contracts

Samples: Employment Agreement (Cano Health, Inc.), Asset Purchase Agreement (Cano Health, Inc.)

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Paid Time Off; Holidays. During the Term, the Executive shall be entitled to accrue up to twenty (20) days of paid time off (“PTO”) in each calendar year which shall be accrued ratably per pay period. Unused PTO cannot be carried over to the next calendar year and all unused PTO remaining at the end of a calendar year, or upon the termination of this Agreement by either party with or without causeCause or with or without Good Reason, will be forfeited without payment. The Executive shall also be entitled to all paid holidays given by the Company to its senior executives.

Appears in 1 contract

Samples: Employment Agreement (Cano Health, Inc.)

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Paid Time Off; Holidays. During the Term, the Executive shall be entitled to accrue up to twenty four (204) days weeks of paid time off (“PTO”) in each full calendar year which year. The PTO shall be accrued ratably per pay periodused for vacation, sick days, and personal days. Unused Any PTO cannot shall be carried over to the next calendar year and all unused PTO remaining taken at the end reasonable and mutual convenience of a calendar year, or upon the termination of this Agreement by either party with or without cause, will be forfeited without payment. The Executive shall also be entitled to all paid holidays given by the Company and the Executive. Holidays shall be provided in accordance with Company policy, as in effect from time to its senior executivestime.

Appears in 1 contract

Samples: Employment Agreement (Summit Midstream Partners, LP)

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