Paid Time Off; Vacation. Executive shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, which shall in any event be no less than four (4) weeks per year.
Paid Time Off; Vacation. During the Employment Term, Executive will be entitled to accrue paid time-off/vacation in accordance with the Company’s paid-time off policies. Accrued and unused vacation will carry over from year to year, as required by applicable California law, up to a cap of no more than 30 days.
Paid Time Off; Vacation. Upon each Transferred Employee’s termination of employment in accordance with Section 5.4(a), the Sellers shall pay to such Transferred Employee the full balance of his or her accrued vacation and paid time off as of such termination date if and to the extent required by applicable Laws.
Paid Time Off; Vacation. Employee shall be entitled to such periods of paid time off (“PTO”) each year as provided under the Company’s PTO policy and as otherwise provided for similarly-situated employees.
Paid Time Off; Vacation. In keeping with the Company’s current policy of permitting all employees, including Executives, to take paid time off and/or vacation as desired providing that employment responsibilities are being satisfactorily met on an ongoing basis, there is no specific period of vacation time stated herein. However, in the event such policy is revised, Executive shall have no less than four weeks per year of vacation time.
Paid Time Off; Vacation. As of the Closing, the Purchaser shall credit, or shall cause to be credited, each U.S. Transferred Employee and Monterrey Company Employee with unused paid time off/vacation days and any personal days accrued in accordance with the vacation and personnel policies and labor agreements applicable to any such U.S. Transferred Employee or Monterrey Company Employee.
Paid Time Off; Vacation. To the extent that any Transferred Employees have accrued any unused vacation or other paid-time-off as of the Closing, the Seller Parties shall pay out such accrued time to each such Transferred Employee on the Closing Date.
Paid Time Off; Vacation. Employee will be entitled to 20 days of paid time off/vacation in accordance with the Company’s policies.
Paid Time Off; Vacation. During the Employment Term, Executive will be entitled to accrue twenty-five (25) days of paid time-off/vacation annually, in accordance with the Company’s paid-time off policies. Accrued and unused vacation will carry over from year to year, as required by applicable California law, up to a cap of no more than 30 days. Notwithstanding such policies, (i) Executive’s full twenty-five (25) days of paid time-off/vacation for Executive’s first year of employment will accrue on the Effective Date; and (ii) paid time-off/vacation to be used at the discretion of the Executive, subject to business needs and approval of the Board Chairman.
Paid Time Off; Vacation. During the Employment Period, Employee shall be entitled to such periods of paid time off or vacation each year as provided from time to time under the Company’s paid time off or vacation policy and as otherwise provided for similarly-situated employees.
