Common use of Vacation and Leave Clause in Contracts

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 17 contracts

Samples: Employment Agreement (New England Bancshares, Inc.), Three Year Employment Agreement (Newport Bancorp Inc), Employment Agreement (NEBS Bancshares, Inc.)

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Vacation and Leave. a. The Executive shall be entitled to vacation vacations and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 11 contracts

Samples: Employment Agreement (Equitable Financial Corp), Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.)

Vacation and Leave. a. The Executive shall be entitled to vacation vacations and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 10 contracts

Samples: Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc)

Vacation and Leave. a. The Executive shall be entitled to may take vacation and other leave in accordance with the Bank’s policy for senior executives, executives or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board may determine in its discretion may determinediscretion.

Appears in 8 contracts

Samples: Employment Agreement, Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with policy for senior executives, or otherwise as approved by the BoardBoards. b. In addition to paid vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board Boards may in its their discretion determine. Further, the Board Boards may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board Boards in its their discretion may determine.

Appears in 7 contracts

Samples: Employment Agreement (Equitable Financial Corp), Employment Agreement (Equitable Financial Corp), Employment Agreement (Equitable Financial Corp)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 6 contracts

Samples: Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself herself voluntarily from the performance of his her employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 4 contracts

Samples: Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)

Vacation and Leave. a. The (a) Executive shall be entitled to may take vacation and other leave in accordance with the Bank’s policy for senior executives, executives or otherwise as approved by the Board. b. (b) In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board may determine in its discretion may determinediscretion.

Appears in 3 contracts

Samples: Employment Agreement (BV Financial, Inc.), Two Year Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Vacation and Leave. a. The Executive shall be entitled to vacation vacations and other leave in accordance with policy for senior executives, or otherwise as approved by the Board, but, in any event, not less than four (4) weeks vacation annually. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 3 contracts

Samples: Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (Jefferson Bancshares Inc)

Vacation and Leave. a. The Executive shall be entitled to may take vacation and other leave in accordance with the Company’s policy for senior executives, executives or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board may determine in its discretion may determinediscretion.

Appears in 3 contracts

Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Vacation and Leave. a. The Executive shall be entitled to vacation vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 3 contracts

Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (FedFirst Financial CORP), Employment Agreement (FedFirst Financial CORP)

Vacation and Leave. a. The Executive shall be entitled to vacation vacations and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times times, and upon such terms and conditions as the Board in its discretion may determine.

Appears in 3 contracts

Samples: Employment Agreement (Ottawa Savings Bancorp, Inc.), Employment Agreement (Ottawa Savings Bancorp, Inc.), Employment Agreement (Ottawa Savings Bancorp, Inc.)

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Vacation and Leave. a. The (a) Executive shall be entitled to may take vacation and other leave in accordance with the Company’s policy for senior executives, executives or otherwise as approved by the Board. b. (b) In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board may determine in its discretion may determinediscretion.

Appears in 2 contracts

Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with policy for senior executives, or otherwise as approved by the BoardBoards. b. In addition to paid vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board Boards may in its their discretion determine. Further, the Board Boards may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board Boards in its their discretion may determine.

Appears in 1 contract

Samples: Employment Agreement (Liberty Bancorp Inc)

Vacation and Leave. a. The (a) Executive shall be entitled to vacation vacations and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. (b) In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 1 contract

Samples: Employment Agreement (Ocean Shore Holding Co)

Vacation and Leave. a. The (a) Executive shall be entitled to vacation and other leave in accordance with policy for senior executives, or otherwise as approved by the BoardBoards. b. (b) In addition to paid vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board Boards may in its their discretion determine. Further, the Board Boards may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board Boards in its their discretion may determine.

Appears in 1 contract

Samples: Three Year Employment Agreement (Liberty Bancorp Inc)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board President and Chief Executive Officer or Chief Operating Officer may in its their discretion determine. Further, the Board President and Chief Executive Officer or Chief Operating Officer may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board they, in its their sole discretion may determine.

Appears in 1 contract

Samples: Two Year Employment Agreement (Newport Bancorp Inc)

Vacation and Leave. a. The Executive shall be entitled to vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself herself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 1 contract

Samples: Employment Agreement (Beneficial Mutual Bancorp Inc)

Vacation and Leave. a. The (a) Executive shall be entitled to paid vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. (b) In addition to paid vacation vacations and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may may, in its discretion discretion, determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine.

Appears in 1 contract

Samples: Employment Agreement (Ocean Shore Holding Co.)

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