Common use of Vacation and Holidays Clause in Contracts

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 12 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement (Alta Mesa Resources, Inc. /DE)

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Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall not carry over carryover to the following year unless specifically approved by the CompanyPartnership.

Appears in 3 contracts

Samples: Employment Agreement (Alta Mesa Energy LLC), Employment Agreement (Alta Mesa Energy LLC), Employment Agreement (Alta Mesa Energy LLC)

Vacation and Holidays. Executive shall be entitled to four (4) weeks of paid vacation per calendar year, as accrued in accordance with the Company’s vacation benefit policy. Executive may not accrue more than five (5) weeks of paid vacation per calendar year (prorated in at any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed)time. Executive shall also be entitled to all paid holidays and personal days sick time provided by the Company for its key management employees officers under the Company’s personnel holiday and sick time policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Companyin effect at such time.

Appears in 3 contracts

Samples: Employment Agreement (Spacehab Inc \Wa\), Employment Agreement (Spacehab Inc \Wa\), Employment Agreement (Spacehab Inc \Wa\)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall shal1 not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 3 contracts

Samples: Employment Agreement (Alta Mesa Holdings, LP), Employment Agreement (Alta Mesa Holdings, LP), Employment Agreement (Alta Mesa Holdings, LP)

Vacation and Holidays. The Executive shall be entitled eligible for up to five (5) weeks of paid vacation per calendar year (prorated year, to be taken at such times as may be approved in any calendar year during advance by the Board. The number of vacation days for which the Executive is eligible shall accrue at the rate of 2.083 days per month that the Executive is employed for less than the entire year based on the number of days in during such calendar year year. The Executive’s use and forfeiture of vacation time shall be in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under accordance with the Company’s personnel policy as then effectiveapplicable policies and practices. Unused vacation shall not carry over In addition, the Executive will be eligible to the following year unless specifically approved take those holidays observed by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Casa Systems Inc), Employment Agreement (Casa Systems Inc), Employment Agreement (Casa Systems Inc)

Vacation and Holidays. Executive shall be entitled to five (5) four weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar time each year in which Executive was employed)addition to those days designated as paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officers. Up to 50% of unused vacation time shall carry over to the next year, but not to any succeeding year. Executive shall also be entitled to all paid holidays and personal days provided payment by the Company for its key management employees under accumulated vacation days not taken by Executive as of the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the CompanyDate of Termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Regency Energy Partners LP), Executive Employment Agreement (Regency Energy Partners LP)

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during each year, to be taken at times selected by him and which Executive is employed for less than are, to the entire year based on maximum extent possible, at a time mutually agreed upon by the number of days in such calendar year in which Executive was employed)parties. Executive shall also be entitled to all paid legal holidays and personal days provided by in accordance with the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by policies of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Metropolitan Bank Holding Corp.), Employment Agreement (Metropolitan Bank Holding Corp.)

Vacation and Holidays. During the Employment Period, Executive shall be entitled to five (5) four weeks of paid vacation per each calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). year, and Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under holidays, subject to the Company’s personnel policy vacation and holiday policies, as then effective. Unused in effect from time to time; provided, however, that the Company agrees to cash out and pay Executive for the portion of any vacation shall time not carry over to the following year unless specifically approved used by the Companyend of the calendar year in which it was earned (or at such later date as may be specified by Executive). In addition, Executive shall be entitled to ten (10) paid sick or personal business days per year.

Appears in 1 contract

Samples: Employment Agreement (Overhill Farms Inc)

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Vacation and Holidays. The Executive shall be entitled to five four weeks (520 days) weeks of paid vacation per calendar year (prorated with the vacation for any partial year being prorated) to be taken at such times as may be approved by the Chief Executive Officer. Vacation days earned in one calendar year may not be used in any subsequent calendar year. The Executive will also be eligible for Company paid holidays (currently nine per year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employedplus three floating holidays). The Executive shall also be entitled to all paid holidays and take time off for illness or personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation emergencies, which shall not carry over to the following year unless specifically approved by the Companybe counted as vacation days.

Appears in 1 contract

Samples: Executive Employment Agreement (Flex Pharma, Inc.)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management executive employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall shal1 not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Holdings, LP)

Vacation and Holidays. Executive shall be entitled to five four (54) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed). Executive shall also be entitled to all paid holidays and personal days provided by the Company Partnership for its key management executive employees under the CompanyPartnership’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the CompanyPartnership.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Energy LLC)

Vacation and Holidays. Executive shall be entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed); provided, however, for the period beginning on the Effective Date through December 31, 2018, Executive shall be entitled to a full five weeks of paid vacation with no proration. Executive shall also be entitled to all paid holidays and personal days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Resources, Inc. /DE)

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