Common use of VACATION AND LEAVE OF ABSENCE Clause in Contracts

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 business days of paid time off (“PTO”) for each 12 months of employment, in addition to the Company’s normal holidays. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as leaves of absences and vacations. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Board. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s PTO policy as of date of termination.

Appears in 4 contracts

Samples: Executive Employment Agreement (Creative Realities, Inc.), Executive Employment Agreement (Creative Realities, Inc.), Executive Employment Agreement (Creative Realities, Inc.)

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VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidaysholiday’s. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as and leaves of absences and vacationsabsence. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. Unused PTO shall not be accumulated from year to year, unless approved in writing by the Board or Committee. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, accrued unused PTO time in accordance with the Company’s PTO policy as of date of termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc), Executive Employment Agreement (Wireless Ronin Technologies Inc), Executive Employment Agreement (Wireless Ronin Technologies Inc)

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidaysholiday’s. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as and leaves of absences and vacationsabsence. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. Unused PTO and shall not be accumulated from year to year, unless approved in writing by the Board or Committee. PTO, sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s PTO policy time, as of date of termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc), Executive Employment Agreement (Wireless Ronin Technologies Inc), Executive Employment Agreement (Wireless Ronin Technologies Inc)

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidays. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as and leaves of absences and vacationsabsence. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. All unused PTO shall be accumulated from year to year, in accordance with the Company’s PTO Policy. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s PTO policy Policy as of date of termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc), Executive Employment Agreement (Wireless Ronin Technologies Inc)

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidaysholiday’s. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as and leaves of absences and vacationsabsence. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. Unused PTO shall not be accumulated from year to year, unless approved in writing by the Board or Committee. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s PTO policy as of date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc)

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VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 business days of paid time off (“PTO”) for each 12 months of employment, in addition to the Company’s 's normal holidays. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s 's current sick leave policy, as well as leaves of absences and vacations. Unused PTO for any annual period will not be rolled over into any subsequent year. PTO will be scheduled after taking into account the Executive’s 's duties and obligations at the Company. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s 's stated personnel policies and upon agreement with the Chief Executive Officer or of the Board. Upon termination or expiration of the Executive’s 's employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s 's PTO policy as of date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Creative Realities, Inc.)

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidays. PTO includes sick days in excess of three sick days per calendar year (as provided by the Company’s current sick leave policy, as well as ) and leaves of absences and vacationsabsence, including vacation. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. PTO and sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, unused PTO time in accordance with the Company’s PTO policy as of date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc)

VACATION AND LEAVE OF ABSENCE. 5.01 Executive shall be entitled to 17 twenty-two (22) business days of paid time off (“PTO”) for each 12 twelve (12) months of employment, in addition to the Company’s normal holidaysholiday’s. PTO includes sick days in excess of three sick days per calendar year provided by the Company’s current sick leave policy, as well as and leaves of absences and vacationsabsence. PTO will be scheduled after taking into account the Executive’s duties and obligations at the Company. Unused PTO and shall not be accumulated from year to year, unless approved in writing by the Board or Committee. PTO, sick leave and all other leaves of absence will be taken in accordance with the Company’s stated personnel policies and upon agreement with the Chief Executive Officer or the Boardpolicies. Upon termination or expiration of the Executive’s employment, Executive shall be entitled to compensation for any accrued, accrued unused PTO time in accordance with the Company’s PTO policy as of date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Ronin Technologies Inc)

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