Common use of Paid Time Off Clause in Contracts

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 77 contracts

Sources: Employment Agreement (CSB Financial Inc.), Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the BankEmployer’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the BankEmployer’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the BankEmployer’s personnel policies as in effect from time to time.

Appears in 28 contracts

Sources: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the BankAssociation’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the BankAssociation’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the BankAssociation’s personnel policies as in effect from time to time.

Appears in 15 contracts

Sources: Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 8 contracts

Sources: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s 's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s 's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s 's personnel policies as in effect from time to time.

Appears in 8 contracts

Sources: Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s Employer's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s Employer's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s Employer's personnel policies as in effect from time to time.

Appears in 7 contracts

Sources: Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.)

Paid Time Off. The Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices)Employment Period, as well as sick leave, holidays and other paid absences absences, in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to timeexecutive employees.

Appears in 6 contracts

Sources: Employment Agreement (Bridge Bancorp Inc), Employment Agreement (Bridge Bancorp Inc), Employment Agreement (Bridge Bancorp Inc)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the BankEmployer’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the BankEmployer’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the BankEmployer’s personnel policies as in effect from time to time.

Appears in 5 contracts

Sources: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Bank’s 's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s 's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s 's personnel policies as in effect from time to time.

Appears in 3 contracts

Sources: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to timecumulative if not used.

Appears in 3 contracts

Sources: Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Federal Corp)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement Employment Period (measured on a fiscal or calendar year basis, in accordance with the Bank’s Employer's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s Employer's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s Employer's personnel policies as in effect from time to time.

Appears in 2 contracts

Sources: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s 's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s 's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to timecumulative if not used.

Appears in 2 contracts

Sources: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp)

Paid Time Off. During the Term, the Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, off in accordance with the BankEmployer’s usual customary practices), as well as sick leave, holidays and other paid absences in accordance with the BankEmployer’s policies and procedures for senior executivesmanagement employees. Any unused paid time off during an annual period shall will be treated in accordance with the BankEmployer’s personnel policies as in effect from time to timetime (subject to review, on request of the Executive, by the Compensation Committee). Without limiting the generality of the foregoing, the Executive shall be entitled to not less than 31 vacation days per calendar year during the Term.

Appears in 2 contracts

Sources: Chief Executive Officer Employment Agreement (Winchester Bancorp, Inc./Md/), Chief Financial Officer Employment Agreement (Winchester Bancorp, Inc./Md/)

Paid Time Off. Executive shall be entitled to paid vacation time of five (5) weeks each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s 's usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s 's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s 's personnel policies as in effect from time to time.

Appears in 2 contracts

Sources: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Such paid time off shall not be in excess of 75 hours in 2021 and 300 hours for each calendar year thereafter. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Sources: Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/), Employment Agreement (1895 Bancorp of Wisconsin, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basisvacation, holidays, personal days and sick leave in accordance with the Bank’s usual practices)policies, as well as sick leave, holidays programs and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as practices of Company in effect from time to time. Such vacation shall be taken at such intervals as shall be appropriate and consistent with the proper performance of Executive’s duties hereunder.

Appears in 1 contract

Sources: Employment Agreement (Aceto Corp)

Paid Time Off. Executive shall will be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executivesofficers. As it relates to Paid Time Off, the Executive will be entitled to 36 days annually. Any unused paid time off Paid Time Off during an annual period shall will be treated in accordance with the Bank’s personnel policies as in effect from time to time.policies, which govern all other employees. ​

Appears in 1 contract

Sources: Employment Agreement (Catalyst Bancorp, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement Employment Period (measured and accrued on a fiscal fiscal- or calendar calendar-year basis, in accordance with the BankCompany’s usual practicespractices and policies), as well as sick leave, holidays holidays, and other paid absences in accordance with the BankCompany’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to timeemployees.

Appears in 1 contract

Sources: Employment Agreement (Ampio Pharmaceuticals, Inc.)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives, but, in any event, not less than four (4) weeks vacation annually. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Sources: Employment Agreement (Cheviot Financial Corp.)

Paid Time Off. The Executive shall be entitled to paid vacation time ------------- each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices)Employment Period, as well as sick leave, holidays and other paid absences absences, in accordance with the Bank’s 's policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated in accordance with the Bank’s personnel policies as in effect from time to timeexecutive employees.

Appears in 1 contract

Sources: Employment Agreement (Bridge Bancorp Inc)

Paid Time Off. Executive shall be entitled to paid vacation time each year during the term of this Agreement (measured on a fiscal or calendar year basis, in accordance with the Bank’s usual practices), as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused paid time off during an annual period shall be treated administered in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Sources: Employment Agreement (Atlantic Coast Financial CORP)