Common use of Vacation; Sick Leave and Recreation Pay Clause in Contracts

Vacation; Sick Leave and Recreation Pay. The Executive shall be entitled to 20 vacation days per year. The Executive shall be entitled to accrue a maximum of 24 vacation days (the “Maximum”). Any days accrued beyond the Maximum shall be erased. In addition, Executive shall be entitled to sick leave and Recreation Pay according to applicable law. Executive shall be entitled to cash redemption of vested vacation only upon termination of his employment.

Appears in 2 contracts

Samples: Employment Agreement (Oramed Pharmaceuticals Inc.), Employment Agreement (Oramed Pharmaceuticals Inc.)

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Vacation; Sick Leave and Recreation Pay. The Executive shall be entitled to 20 18 vacation days per year. The Executive shall be entitled to accrue a maximum of 24 vacation days (the “Maximum”). Any days accrued beyond the Maximum shall be erased. In addition, Executive shall be entitled to sick leave and Recreation Pay according to applicable law. Executive shall be entitled to cash redemption of vested vacation only upon termination of his employment.

Appears in 1 contract

Samples: Employment Agreement (Oramed Pharmaceuticals Inc.)

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Vacation; Sick Leave and Recreation Pay. The Executive shall be entitled to 20 24 vacation days per year. The Executive shall be entitled to accrue a maximum of 24 vacation days (the “Maximum”). Any days accrued beyond the Maximum shall be erased. In addition, Executive shall be entitled to sick leave and Recreation Pay according to applicable law. Executive shall be entitled to cash redemption of vested vacation only upon termination of his employment.

Appears in 1 contract

Samples: Employment Agreement (Oramed Pharmaceuticals Inc.)

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