Personal Time Off. The Executive shall be entitled each calendar year during the term of this Agreement to such number of personal time-off days for such purposes, including vacations and time for personal affairs ("Personal Time-Off") as are approved by the Board, but not less than the greater of (i) fifteen (15) business days, or (ii) the number of personal time-off days (including vacation and personal days) generally given by the Company to its employees. Personal Time-Off shall be in addition to regular paid legal holidays provided to all employees of the Company. The Executive's compensation shall be paid in full with respect to approved Personal Time-Off days. Should the Executive fail to use all Personal Time-Off days in any calendar year, the Executive shall have the option of (i) receiving payment for such days on a pro rata basis, or (ii) "carrying-over" unused Personal Time-Off days to succeeding years. Personal time-off shall be taken during a period or periods mutually satisfactory to both the Company and the Executive.
Appears in 4 contracts
Samples: Executive Employment Agreement (Pinnacle Oil International Inc), Executive Employment Agreement (Pinnacle Oil International Inc), Executive Employment Agreement (Pinnacle Oil International Inc)
Personal Time Off. The Executive shall be entitled each calendar year during the term of this Agreement to such number of personal time-off days for such purposes, including vacations and time for personal affairs ("Personal Time-Off") as are approved by the Board, but not less than the greater of (i) fifteen (15) business days, or (ii) the number of personal time-off days (including vacation and personal days) generally given by the Company to its employees. Personal Time-Off shall be in addition to regular paid legal holidays provided to all employees of the Company. The Executive's compensation shall be paid in full with respect to approved Personal Time-Time- Off days. Should the Executive fail to use all Personal Time-Off days in any calendar year, the Executive shall have the option of (i) receiving payment for such days on a pro rata basis, or (ii) "carrying-over" unused Personal Time-Off days to succeeding years. Personal time-off shall be taken during a period or periods mutually satisfactory to both the Company and the Executive.
Appears in 4 contracts
Samples: Employment Agreement (Clean Energy Combustion Systems Inc), Employment Agreement (Clean Energy Combustion Systems Inc), Employment Agreement (Clean Energy Combustion Systems Inc)
Personal Time Off. The Executive shall be entitled each calendar year during the term of this Agreement to such number of personal time-off days for such purposes, including vacations and time for personal affairs ("Personal Time-Off") as are approved by the Board, but not less than the greater of (i) fifteen (15) business days, or (ii) the number of personal time-off days (including vacation and personal days) generally given by the Company to its employees. Personal Time-Off shall be in addition to regular paid legal holidays provided to all employees of the Company. The Executive's compensation shall be paid in full with respect to approved Personal Time-Off days. Should the Executive fail to use all Personal Time-Off days in any calendar year, the Executive shall have the option of (i) receiving payment for such days on a pro rata basis, or (ii) "carrying-carrying- over" unused Personal Time-Off days to succeeding years. Personal time-off shall be taken during a period or periods mutually satisfactory to both the Company and the Executive.
Appears in 1 contract
Samples: Employment Agreement (Pinnacle Oil International Inc)