Common use of Vacation Leave and Paid Time Off Clause in Contracts

Vacation Leave and Paid Time Off. Executive will be entitled to paid vacation time each year during the Term measured on a calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for officers, provided, however, that Executive shall be entitled to no more than 25 working days for paid vacation or paid time off days each calendar year (excluding bank holidays). Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Bogota Financial Corp.), Employment Agreement (Bogota Financial Corp.)

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Vacation Leave and Paid Time Off. Executive will be entitled to paid vacation time each year during the Term term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for officers, provided, however, that Executive shall be entitled to no more than 25 each calendar year at least thirty (30) working days for paid vacation or paid time off days each calendar year (excluding bank holidays)days. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Marathon Bancorp, Inc. /MD/), Employment Agreement (Marathon Bancorp, Inc. /MD/)

Vacation Leave and Paid Time Off. Executive will be entitled to paid vacation time each year during the Term term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for officers, provided, however, that Executive shall be entitled to no more than 25 each calendar year at least 20 working days for of paid vacation or and five (5) paid time off days each calendar year (excluding bank holidays)days. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Bogota Financial Corp.)

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Vacation Leave and Paid Time Off. Executive will be entitled to paid vacation time each year during the Term term of this Agreement measured on a calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for officers, provided, however, that Executive shall be entitled to no more than each calendar year at least 25 working days for paid vacation or paid time off days each calendar year (excluding bank holidays)days. Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Bogota Financial Corp.)

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