Common use of Vacation and Paid Time Off Clause in Contracts

Vacation and Paid Time Off. The failure by the Company to provide Executive with the number of paid vacation days or, if applicable, paid time off days to which Executive is entitled on the basis of years of service with a Southern Entity and the Company in accordance with the Company's normal vacation policy or the paid time off program (whichever applicable) in effect on the Employment Date (except for across-the-board vacation policy or paid time off program changes or policy or program terminations similarly affecting at least ninety-five percent (95%) of all employees of the Company).