Common use of Vacation and Other Absences Clause in Contracts

Vacation and Other Absences. The Executive shall be entitled to paid vacation and other paid absences, whether for holidays, illness, personal time or any similar purposes, during the Employment Period in accordance with policies applicable generally to senior executives of the Company; provided, however, that the Executive shall always be entitled to at least six weeks of paid vacation in each calendar year and pro rata for part of a year. Up to four weeks per year of unused vacation may be maintained by the Executive on a cumulative basis and may be subsequently used in any year or if not so used, the Executive shall be compensated for any unused vacation days upon the termination of this Agreement for any reason.

Vacation and Other Absences. The Executive shall be entitled to paid vacation and other paid absences, whether for holidays, illness, personal time or any similar purposes, during the Employment Period in accordance with policies applicable generally to senior executives other Executive Vice Presidents of the Company; provided, however, that the Executive shall always be entitled to at least six weeks of paid vacation in each calendar year and pro rata for part of a year. Up to four weeks per year of unused vacation may be maintained by the Executive on a cumulative basis and may be subsequently used in any year or if not so used, the Executive shall be compensated for any unused vacation days upon the termination of this Agreement for any reason.