Common use of VACATION/SICK TIME Clause in Contracts

VACATION/SICK TIME. The Executive shall be entitled to vacation time in accordance with the Company’s policies in effect from time to time, with full pay, of four (4) weeks (twenty (20) working days), during each full year of Executive’s employment. Unused vacation days shall be forfeited at the end of each calendar year and shall not roll over to the next year, nor will Executive be paid for any unused vacation days in a calendar year; provided, however, that upon termination of Executive’s employment for any reason, the Company will pay any accrued or unused and unpaid vacation time. The Executive shall be granted sick time in accordance with the Company’s policy in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Brain Scientific Inc.), Employment Agreement (Brain Scientific Inc.)

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VACATION/SICK TIME. The Executive shall be entitled to vacation time in accordance with the Company’s policies in effect from time to time, with full pay, of four (4) weeks (twenty (20) working days), during each full year of Executive’s employment. Unused The scheduling of any vacation days shall be forfeited coordinated with the Company so that the staffing needs of the Company are met to the extent reasonable possible. The Executive may accumulate up to one (1) year of unused vacation time; any unused vacation time above such limit, as shall be calculated at the end of each calendar year and shall not roll over to the next year, nor will Executive shall be paid for any unused vacation days in a calendar year; providedforfeited, however, that upon termination of Executive’s employment for any reason, the Company will pay any accrued or unused and unpaid vacation timesubject to applicable law. The Executive shall be granted sick time in accordance with the Company’s policy in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Microbot Medical Inc.)

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VACATION/SICK TIME. The Executive shall be entitled to vacation time in accordance with the Company’s policies in effect from time to time, with full pay, of four five (45) weeks twenty-five (twenty (2025) working days), during each full year of Executive’s employment. Unused The scheduling of any vacation days shall be forfeited coordinated with the Company so that the staffing needs of the Company are met to the extent reasonable possible. The Executive may accumulate up to one (1) year of unused vacation time; any unused vacation time above such limit, as shall be calculated at the end of each calendar year and shall not roll over to the next year, nor will Executive shall be paid for any unused vacation days in a calendar year; providedforfeited, however, that upon termination of Executive’s employment for any reason, the Company will pay any accrued or unused and unpaid vacation timesubject to applicable law. The Executive shall be granted sick time in accordance with the Company’s policy in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Microbot Medical Inc.)

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