Vacation and Sick Pay. Employee shall be eligible for vacation and sick leave in accordance with the policies of Employer in effect from time to time during the Employment Term. Employee shall be entitled to a period of annual vacation time equal to four (4) weeks during each Employment Year, to accrue pro rata during the course of the Employment Term. All accrued vacation shall be paid to Employee in a lump sum payment on the date of a Change in Control or termination of employment with Employer.
Vacation and Sick Pay. Executive shall be entitled to four (4) weeks vacation each year during the Term; provided, however, that at least two (2) weeks of said vacation (the “Mandatory Vacation”) shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of vacation, and any vacation time not used in excess of the Mandatory Vacation shall be accumulated in accordance with Bank’s Personnel Policy unless other arrangements are approved in advance by the Board of Directors. Executive shall also be entitled to sick pay in accordance with Bank’s Personnel Policy.
Vacation and Sick Pay. The Executive will be entitled to paid vacation and sick leave during the Term in accordance with the terms and conditions of the Company’s vacation and sick leave policies as in effect from time to time.
Vacation and Sick Pay. Employee shall be entitled to four weeks paid vacation time and 5 paid days for illness each year. Unused vacation and sick days will roll-over to and be accrued and used in the following years. Further, Employee may take additional paid-time-off, holidays, and sick leave in accordance with the Company Employee Handbook policies.
Vacation and Sick Pay. Executive shall be entitled to three (3) weeks total of vacation and sick pay each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive’s vacation does not interfere with the Company’s normal business operations.
Vacation and Sick Pay. The Employee shall be entitled to an ------------ ---------------------- annual vacation of fifteen (20) business days with full pay. Such vacation shall be taken at a time selected by the Employee. In addition, the Employee shall be entitled to ten (10) business days per year as sick leave or personal business days with full pay. Vacation time, sick leave and personal business days may be accumulated and used anytime during the term of this agreement. Companies acknowledge that Employee has thirty (30) days accumulated unused vacation time that will be carried forward with this agreement.
Vacation and Sick Pay. Executive shall be entitled to four weeks paid vacation time and 5 paid days for illness each year. Unused vacation and sick days will roll-over to and may be used in the following year. Further, Executive may take the following paid holidays: New Year's Day, Xxxxxx Xxxxxx Xxxx, Xx., Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving (plus one additional), and Christmas (plus one additional).
Vacation and Sick Pay. Engility shall assume responsibility for accrued vacation and sick pay and any other paid time off attributable to Engility Employees and Engility Ex-Employees as of the Distribution, or with respect to Delayed Transfer Employees, the Applicable Transfer Date.
Vacation and Sick Pay. Employee shall be entitled to vacation and sick pay during the Term, in accordance with Bank's Personnel Policy. Vacation earned, but not taken, may be accumulated in accordance with Bank's Personnel Policy.
Vacation and Sick Pay. Employee shall be eligible for vacation and sick leave in accordance with the policies of Employer in effect from time to time during the Employment Term. Employee shall be entitled to a period of annual vacation time equal to four (4) weeks during each Employment Year, to accrue pro rata during the course of the Employment Term. All accrued vacation and sick pay shall be paid to Employee in a lump sum payment on the date of a Change in Control or Retirement or termination of employment with Employer. For purposes of this Agreement, "RETIREMENT" means Employee's voluntary termination on a date after which Employee has reached the age of 55 and after which Employee has provided Employer with at least 10 years of service.
