Common use of PAID VACATIONS Clause in Contracts

PAID VACATIONS. The Employee shall be entitled to annual paid vacations of six (6) weeks in each year of the Initial Term and any extension of the Initial Term, at such times and for such periods as may be mutually acceptable to the Company and the Employee, in accordance with the Company's policies governing vacations for executive officers of the Company. Unused vacation in any given year shall not accumulate from year to year and Employee shall not be entitled to any cash payment for or payment in lieu of unused vacation time.

PAID VACATIONS. The Employee shall be entitled to annual paid vacations of six (6) weeks in each year of the Initial Term and any extension of the Initial Term, Term at such times and for such periods as may be mutually acceptable to the Company and the Employee, in accordance with the Company's policies governing vacations for executive officers of the Company. Unused vacation in any given year shall not accumulate from year to year and Employee shall not be entitled to any cash payment for or payment in lieu of unused vacation time.

PAID VACATIONS. The Employee shall be entitled to annual paid vacations of six (6) weeks in each year of the Initial Term and any extension of the Initial Term, Term at such times and for such periods as may be mutually acceptable to the Company and the Employee, in accordance with the Company's ’s policies governing vacations for its executive officers of the Companygenerally. Unused vacation in any given year shall not accumulate from year to year and Employee shall not be entitled to any cash payment for for, or payment in lieu of of, unused vacation time.