Common use of Personal Time Off Clause in Contracts

Personal Time Off. “PTO”). Executive will be eligible to receive 20 PTO days per year. PTO is an accrued benefit and will be paid out at termination in accordance with the Company’s standard PTO policies.

Appears in 3 contracts

Samples: Executive Employment Agreement (Lion Biotechnologies, Inc.), Executive Employment Agreement (Lion Biotechnologies, Inc.), Executive Employment Agreement (Lion Biotechnologies, Inc.)

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Personal Time Off. “PTO”). Executive will be eligible to receive 20 10 PTO days per year. PTO is an accrued benefit and will be paid out at termination in accordance with the Company’s standard PTO policies.

Appears in 2 contracts

Samples: Replacement Employment Agreement (Lion Biotechnologies, Inc.), Executive Employment Agreement (Lion Biotechnologies, Inc.)

Personal Time Off. “PTO”). Executive will be eligible to receive 20 PTO days per PTO, accrued at 1.25 days/month (annualizing to 15 days/year). PTO is an accrued benefit and will be paid out at termination in accordance with the Company’s standard PTO policies.

Appears in 2 contracts

Samples: Merger Agreement (Genesis Biopharma, Inc), Executive Employment Agreement (Lion Biotechnologies, Inc.)

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Personal Time Off. “PTO”). Executive will be eligible to receive 20 12 PTO days per year. PTO is an accrued benefit and will be paid out at termination in accordance with the Company’s standard PTO policies. In addition, Executive will be eligible to receive two floating holidays per year.

Appears in 1 contract

Samples: Executive Employment Agreement (Lion Biotechnologies, Inc.)

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