Common use of Vacation Clause in Contracts

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 13 contracts

Samples: Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP)

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Vacation. The Executive shall will be entitled to four (4) weeks of paid vacation per full calendar year. Vacation time not used within the calendar year will not carry forward. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearexcept as provided herein.

Appears in 13 contracts

Samples: Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The annum; provided, that the Executive shall be entitled paid annually in cash for vacation days not taken by him; provided that no more than four (4) weeks of vacation may be accrued each year for purposes of such cash payments; and provided further that any such payment shall be paid to cash the Executive not later than March 15 of the year following the calendar year in lieu of any which the unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yeardays accrued.

Appears in 11 contracts

Samples: Employment Agreement (Photomedex Inc), Employment Agreement (Photomedex Inc), Employment Agreement (Photomedex Inc)

Vacation. The During the Term, the Executive shall be entitled to four (4) 4 weeks of paid vacation per full year. Up to 4 weeks of unused vacation may be carried over to the next subsequent calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 11 contracts

Samples: Employment Agreement (Blue Earth, Inc.), Employment Agreement (Blue Earth, Inc.), Employment Agreement (Blue Earth, Inc.)

Vacation. The Executive shall be entitled to allowed four (4) weeks of paid vacation per full during each calendar year. The To the extent that the Executive is unable to use his accrued vacation leave in a given calendar year, he shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled permitted to carry over any unused his paid vacation time from year to yearleave and use it in subsequent years, and shall not forfeit his accrued vacation leave.

Appears in 10 contracts

Samples: Employment Agreement (DFC Global Corp.), Employment Agreement (DFC Global Corp.), Employment Agreement (DFC Global Corp.)

Vacation. The Executive shall be entitled to up to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu A maximum of any unused vacation time. The Executive shall not be entitled to carry over any unused one week of vacation time may be carried over from one calendar year and into the following calendar year; provided however, that the vacation time be exercised prior to the end of the subsequent calendar year.

Appears in 9 contracts

Samples: And Restated Employment Agreement (ASG Consolidated LLC), And Restated Employment Agreement (ASG Consolidated LLC), And Restated Employment Agreement (ASG Consolidated LLC)

Vacation. The Executive shall be entitled to accrued vacation of four (4) weeks of paid per year during the Term. In the event Executive does not use all four (4) weeks each year, the unused vacation per full calendar days will not carry over into the next succeeding year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over receive any unused vacation time from year additional compensation for failure to yeartake any vacation.

Appears in 8 contracts

Samples: Executive Employment Agreement (Parkway Acquisition Corp.), Executive Employment Agreement (Parkway Acquisition Corp.), Executive Employment Agreement (Parkway Acquisition Corp.)

Vacation. The Executive shall be entitled to four (4) weeks of annual paid vacation per full calendar year. The Executive vacation, which shall be entitled forfeited to cash the extent that it is not taken in lieu the year for which it is granted (unless the failure to take the vacation is attributable to the duties of any unused vacation timethe Executive with respect to the Company in which case it shall be carried forward to the next succeeding year). The Executive shall not be entitled to carry over any unused vacation time from year to yeareligible for remuneration for forfeited vacation.

Appears in 7 contracts

Samples: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)

Vacation. The Executive shall be entitled to up to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu A maximum of any unused vacation time. The Executive shall not be entitled to carry over any unused one week of vacation time may be carried over from one calendar year and into the following calendar year; provided, however, that the vacation time be exercised prior to the end of the subsequent calendar year.

Appears in 7 contracts

Samples: Employment Agreement (American Seafoods Group LLC), Employment Agreement (American Seafoods Group LLC), Employment Agreement (American Seafoods Group LLC)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive year (with the vacation for any partial year being prorated) and shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from one-half of the total Vacation days earned in one calendar year to the subsequent calendar year; provided, however, that in no event may the Executive carry over more than two (2) weeks of paid vacation into a subsequent year. Upon the termination of the Executive’s employment with the Company, no cash shall be paid in lieu of accrued but unused vacation.

Appears in 7 contracts

Samples: Executive Employment Agreement (Clearside Biomedical, Inc.), Executive Employment Agreement (Clearside Biomedical, Inc.), Executive Employment Agreement (Clearside Biomedical, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar yearto be scheduled so as not to disrupt or interfere with management of the business. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any payment for unused vacation time from year to yeardays.

Appears in 6 contracts

Samples: Employment Agreement (Radiant Logistics, Inc), Employment Agreement (Radiant Logistics, Inc), Employment Agreement (Radiant Logistics, Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 6 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full each calendar year. The Executive All such paid vacation shall accumulate, so that if Executive's full vacation is not taken in a particular calendar year, any unused portion shall be entitled to cash in lieu of any unused vacation time. The Executive carried into subsequent years; however, such accumulation shall not be entitled to carry over any unused vacation time from year to yearexceed an aggregate of four (4) calendar weeks.

Appears in 5 contracts

Samples: Executive Employment Agreement (Taser International Inc), Executive Employment Agreement (Taser International Inc), Executive Employment Agreement (Taser International Inc)

Vacation. The Executive shall be entitled to accrued vacation of four (4) weeks of paid per year during the Term. In the event Executive does not use all four (4) weeks each year, the unused vacation per full calendar days will not carry over into any succeeding year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over receive any unused vacation time from year additional compensation for failure to yeartake any vacation.

Appears in 5 contracts

Samples: Employment Agreement (First Community Bankshares Inc /Va/), Employment Agreement (First Community Bankshares Inc /Va/), Employment Agreement (First Community Bankshares Inc /Va/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar yearannually. The Executive shall However, all vacation must be entitled to cash used in lieu of any unused vacation time. The Executive shall the present year and cannot be entitled to carry carried over any unused vacation time from year to into the following year.

Appears in 5 contracts

Samples: Executive Employment Agreement (Stratus Services Group Inc), Executive Employment Agreement (Stratus Services Group Inc), Executive Employment Agreement (Stratus Services Group Inc)

Vacation. The Executive shall be entitled eligible to take up to four (4) weeks of paid vacation per full calendar year. The Executive , which such vacation shall accrue and be entitled taken in accordance with the Company’s vacation policies as may exist from time to cash in lieu of any unused vacation time. The Any vacation not used in a calendar year will not roll over to the following calendar year and Executive shall not be entitled to carry over any receive pay for accrued, unused vacation time from year to yearupon termination.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

Vacation. The Executive shall be is entitled to four (4) weeks of paid vacation per full calendar year, with such vacation to be scheduled and taken in accordance with Rural/Metro’s standard vacation policies. The If Executive shall be entitled to cash does not take the full vacation available in lieu of any year, the unused vacation time. The Executive shall may not be entitled carried over to carry over any unused vacation time from year to the next calendar year, and Executive will not be compensated for it.

Appears in 5 contracts

Samples: Employment Agreement (Rural Metro Corp /De/), Employment Agreement (Rural Metro Corp /De/), Employment Agreement (Rural Metro Corp /De/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused Unused vacation time. The Executive shall may not be entitled to carry over taken in any unused vacation time from year to subsequent year.

Appears in 5 contracts

Samples: Employment Agreement (Reddy Ice Holdings Inc), Employment Agreement (Southern Bottled Water Co Inc), Employment Agreement (Reddy Ice Holdings Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year, which shall accrue during the Executive’s employment with the Company. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any accrued but unused vacation time from year to yearin accordance with the Company’s vacation policy.

Appears in 5 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust)

Vacation. The During the term of the Executive's employment, the Executive shall be entitled to four (4) weeks of paid vacation per full each calendar year. The Executive Any vacation shall be entitled to cash taken at the reasonable and mutual convenience of the Company and the Executive. Accrued vacation not taken in lieu of any unused vacation time. The calendar year will not be carried forward or used in any subsequent calendar year and the Executive shall not be entitled to carry over any receive pay in lieu of accrued but unused vacation time from year in any calendar year. Vacation will be deemed to yearaccrue daily for purposes of the payments described in Section 4 hereof.

Appears in 5 contracts

Samples: Employment Agreement (Atrium Companies Inc), Employment Agreement (Atrium Companies Inc), Employment Agreement (Atrium Companies Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per for each full calendar year of his employment hereunder. To the extent accrued vacation time is unused in any given year, it may be carried over in accordance with the policies of the Company then in effect. The Executive shall be entitled Notwithstanding anything to cash in lieu of any unused vacation time. The the contrary, however, the Executive shall not be entitled to carry over any unused vacation time from year to yearfor a period exceeding two (2) years.

Appears in 4 contracts

Samples: Employment Agreement (Autobytel Inc), Employment Agreement (Autobytel Inc), Employment Agreement (Autobytel Inc)

Vacation. The During the Term, the Executive shall be entitled eligible to take four (4) weeks of paid vacation per full year. Unused and accrued vacation does not roll over to the next calendar year. The That is, if the Executive shall be entitled to cash does not use all four (4) weeks of vacation in lieu any given year, he may not use any of any unused vacation time. The Executive shall not be entitled to carry over any that unused vacation time from year to the following or any other year.

Appears in 4 contracts

Samples: Employment Agreement (McBc Holdings, Inc.), Employment Agreement (McBc Holdings, Inc.), Employment Agreement (McBc Holdings, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full each contract year, to be taken each year at a time or times as shall be mutually agreed upon by the Bank and Executive and consistent with applicable regulatory requirements. If Executive fails to use all of his vacation time during a particular calendar year. The Executive shall be entitled to cash in lieu of any , the unused vacation time. The Executive portion shall not be entitled carried over to carry over any unused vacation time from year to the subsequent year, unless approved in writing by the Chairman of the Board of the Directors.

Appears in 4 contracts

Samples: Employment Agreement (Patriot National Bancorp Inc), Employment Agreement (Patriot National Bancorp Inc), Employment Agreement (Patriot National Bancorp Inc)

Vacation. The Executive shall will be entitled to four (4) weeks of paid vacation per full in each calendar year. The Executive shall be entitled to cash in lieu of To the extent permitted by law, any unused vacation time. The Executive shall for an applicable year during the Employment Period will not be entitled to carry over any unused vacation time from into the next calendar year to yearand will be cancelled.

Appears in 4 contracts

Samples: Compete Agreement, Employment and Non Compete Agreement, Separation Agreement and Release (Skullcandy, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full each calendar year. The year earned ratably over each calendar year during the Employment Period, to be taken at such times as Executive shall determine and provided that no vacation time shall unreasonably interfere with the duties required to be entitled rendered by Executive hereunder. Any vacation time not taken by Executive during any calendar year may not be carried forward into any succeeding calendar year nor may any accrued but unused vacation be converted to cash in lieu of any unused vacation timecompensation. The Executive shall not be entitled to carry over any Any earned but unused vacation time from year will be paid out to yearExecutive at the time of his termination in accordance with applicable law.

Appears in 4 contracts

Samples: Employment Agreement (Kona Grill Inc), Employment Agreement (Kona Grill Inc), Employment Agreement (Kona Grill Inc)

Vacation. The Executive shall be entitled to four five (45) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 4 contracts

Samples: Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP)

Vacation. The Executive shall will be entitled to four (4) weeks of paid vacation per full calendar year. Vacation time not used within the calendar year will not carry forward. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearexcept as provided in this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc)

Vacation. The Executive shall be entitled to paid vacation during each year of the Term in an amount equal to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled have the right to cash in lieu determine the time and duration of any unused vacation timeso taken, in his sole discretion. The Executive shall not Unused vacation days may be entitled to carry over any unused vacation time accumulated from year to year, up to a maximum carryover of eight (8) weeks.

Appears in 3 contracts

Samples: Employment Agreement (Sunbelt Automotive Group Inc), Employment Agreement (Sunbelt Automotive Group Inc), Employment Agreement (Sunbelt Automotive Group Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year (with the vacation for any partial year being prorated) to be taken at such times as may be approved by his/her supervisor. A maximum of five (5) vacation days earned in one calendar year may be used in the next subsequent calendar year. The Executive Upon the termination of the Executive’s employment with the Company, cash shall be entitled to cash paid in lieu of any accrued but unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearvacation.

Appears in 3 contracts

Samples: Executive Employment Agreement (Cornerstone Therapeutics Inc), Executive Employment Agreement (Cornerstone Therapeutics Inc), Executive Employment Agreement (Cornerstone Therapeutics Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full in each calendar year during the term of the Agreement. Unused vacation time shall not be accrued from year to year. The Executive shall also be entitled to cash in lieu of any unused vacation timeall paid holidays recognized by the Company. The Executive shall not be entitled to carry over take no more than two weeks of vacation during any unused vacation time from year to yearperiod consecutively.

Appears in 3 contracts

Samples: Employment Agreement (BioTrove, Inc.), Employment Agreement (BioTrove, Inc.), Employment Agreement (BioTrove, Inc.)

Vacation. The During the Employment Term, Executive shall be entitled to up to four (4) weeks of paid vacation per full calendar year. The Executive shall be allowed to carry over up to two weeks of unused vacation until the following calendar year; provided that the Executive shall be entitled to cash no more than six weeks of vacation in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to calendar year.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Bumble Bee Capital Corp.), Employment Agreement (Bumble Bee Capital Corp.)

Vacation. The Executive shall be entitled to a minimum of four (4) weeks of paid vacation, during each calendar year and to paid holidays and other paid leave set forth in the Company's policies in effect from time to time, to be taken at times agreeable to both the Executive and the Company. Any vacation per full not used during a calendar yearyear may not be used during any subsequent period. The Executive Vacation time shall be entitled to cash in lieu prorated for any partial calendar year of any unused employment. Unused vacation time. The Executive shall not will be entitled to carry over any unused vacation time from year to yearpaid on a prorated basis based on annual compensation.

Appears in 3 contracts

Samples: Chief Executive Officer (Immunovative, Inc.), John Maier’s Executive Employment Agreement (Textechnologies, Inc.), Executive Employment Agreement (Textechnologies, Inc.)

Vacation. The Executive shall be entitled to eligible for four (4) weeks of paid vacation per full calendar yeareach year of his employment hereunder. The Executive shall be permitted to carry over and accrue unused vacation time for a period of up to two years. Except as required by applicable law, in no event shall the Executive be entitled to receive any cash compensation in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 3 contracts

Samples: Employment Agreement (Bio Key International Inc), Employment Agreement (Bio Key International Inc), Employment Agreement (Bio Key International Inc)

Vacation. The Executive shall be entitled to four five (45) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 3 contracts

Samples: Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full in each calendar year. The Executive shall be entitled may carry over up to cash in lieu four (4) weeks of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearyear during his employment, and any amount of unused vacation in excess of those 4 weeks that is not used during a calendar year will be forfeited.

Appears in 3 contracts

Samples: Employment Agreement (Semco Energy Inc), Employment Agreement (Semco Energy Inc), Employment Agreement (Semco Energy Inc)

Vacation. The During each calendar year, the Executive shall be entitled to four five (45) weeks of paid vacation per full year. To the extent that he is unable to take any part of this vacation during a particular calendar year. The Executive , it shall be entitled to cash in lieu carried over and shall not affect his vacation during any subsequent year; provided, however, that the Executive may not carry forward more than one (1) week of any unused vacation time. The Executive shall not be entitled days from any year of this Agreement to carry over any unused vacation time from year to yearthe next.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Spectrum Sciences & Software Holdings Corp), Agreement (Spectrum Sciences & Software Holdings Corp), Employment Agreement (Spectrum Sciences & Software Holdings Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per each calendar year (or a pro rata portion thereof with respect to any period during the Agreement Term which does not encompass a full calendar year). The Executive shall be entitled to cash in lieu of any Any unused vacation may be rolled over to the next calendar year, if permitted under the Company’s regular vacation policy as in effect from time to time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 3 contracts

Samples: 2004 Incentive Plan (Strategic Hotels & Resorts, Inc), Employment Agreement (Strategic Hotels & Resorts, Inc), Employment Agreement (Strategic Hotels & Resorts, Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 3 contracts

Samples: Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc)

Vacation. The During the Term, Executive shall be entitled to four (4) weeks of weeks' paid vacation per full calendar yearannum. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any cash payment in respect of any unused vacation time from year to yeartime.

Appears in 3 contracts

Samples: Employment Agreement (Istar Financial Inc), Agreement (Istar Financial Inc), Agreement (Istar Financial Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full each contract year, to be taken each year at a time or times as shall be mutually agreed upon by the Bank and Executive and consistent with applicable regulatory requirements. If Executive fails to use all of his vacation time during a particular calendar year. The Executive shall be entitled to cash in lieu of any , the unused vacation time. The Executive portion shall not be entitled carried over to carry over any the subsequent year nor shall he be paid additionally for such unused vacation time from year to yeartime.

Appears in 3 contracts

Samples: Employment Agreement (NSS Bancorp Inc), Employment Agreement (NSS Bancorp Inc), Employment Agreement (NSS Bancorp Inc)

Vacation. The Executive shall be entitled to four (4) weeks 25 days of paid vacation per during each full calendar year of the Term (and a pro rata portion of any period of the Term which is less than a full calendar year), provided that no single vacation may exceed two consecutive weeks in duration. The Executive shall be entitled to cash in lieu of any unused Unused vacation time. The Executive shall may not be entitled carried over to carry over any unused vacation time from year to yearthe successive years.

Appears in 3 contracts

Samples: Employment Agreement (Southern China Livestock, Inc.), Employment Agreement (Southern China Livestock, Inc.), Employment Agreement (Southern China Livestock, Inc.)

Vacation. The During the Term, the Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The To the extent that the Executive does not use his vacation in a given calendar year, he shall be entitled to cash in lieu of any carry forward accrued unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year; provided, however, that in no event may he at any time have more than 30 business days of vacation accrued and once he has 30 business days of accrued unused vacation, he shall no longer continue to accrue further vacation time until he has used some of his accrued vacation time.

Appears in 3 contracts

Samples: Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.)

Vacation. The Executive shall be entitled to four three (43) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearyear pursuant to the Company’s then current vacation policy.

Appears in 2 contracts

Samples: Employment Agreement (Peoples Choice Financial Corp), Employment Agreement (Peoples Choice Financial Corp)

Vacation. The Executive shall be entitled to receive four (4) weeks of paid vacation per full each calendar year. The Any unused vacation days shall be carried over to the next calendar year, provided Executive shall be entitled to cash no more than six (6) weeks of paid vacation in lieu any calendar year. All vacation leave is subject to and in accordance with the vacation policies of any unused vacation the Company with respect to senior executives as are in effect from time to time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Skins Inc.), Executive Employment Agreement (Skins Inc.)

Vacation. The During the Term, the Executive shall will be entitled to four (4) weeks of weeks' paid vacation per full calendar for each year. The Executive shall will also be entitled to cash the paid holidays and other paid leave set forth in lieu of Employer's policies. Vacation days and holidays during any unused vacation time. The fiscal year that are not used by the Executive shall during such fiscal year may not be entitled to carry carried over and used in any unused vacation time from year to subsequent fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Water Pik Technologies Inc), Employment Agreement (Water Pik Technologies Inc)

Vacation. The Executive shall be is entitled to four (4) weeks of paid vacation per full calendar year, with such vacation to be scheduled and taken in accordance with Rural/Metro's standard vacation policies. The If Executive shall be entitled to cash does not take the full vacation available in lieu of any year, the unused vacation time. The Executive shall may not be entitled carried over to carry over any unused vacation time from year to the next calendar year, and Executive will not be compensated for it.

Appears in 2 contracts

Samples: Employment Agreement (Rural Metro Corp /De/), Employment Agreement (Rural Metro Corp /De/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The annum; provided, that the Executive shall be entitled paid annually in cash for vacation days not taken by him cash at his then current rate of Base Salary; provided, that any such payment shall be paid to cash the Executive not later than March 15 of the year following the calendar year in lieu of any which the unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yeardays accrued.

Appears in 2 contracts

Samples: Employment Agreement (Tempus Applied Solutions Holdings, Inc.), Employment Agreement (Tempus Applied Solutions Holdings, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year (pro-rated in the event of a service year which is shorter than a calendar year), in addition to Company-observed holidays. The Executive Any vacation time not used during a calendar year shall be entitled treated in accordance with the Company’s policies relating to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearvacation.

Appears in 2 contracts

Samples: Employment Agreement (Caladrius Biosciences, Inc.), Employment Agreement (Caladrius Biosciences, Inc.)

Vacation. The Executive shall be entitled to four (4) 6 weeks of paid vacation per full each year. In the event that the Executive does not use all of his vacation time during an applicable calendar year. The Executive , he shall be entitled to cash in lieu of any carry forward such unused vacation time. The Executive shall not be entitled to carry over any ; provided, however, that only four weeks of unused vacation time (including all previously carried forward unused vacation time) may be carried forward from any one calendar year to the next calendar year. 11.

Appears in 2 contracts

Samples: Employment Agreement Agreement (Penncorp Financial Group Inc /De/), Employment Agreement Agreement (Penncorp Financial Group Inc /De/)

Vacation. (a) The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive , to be taken at such times and intervals as shall be entitled to cash in lieu of any unused vacation timemutually agreed upon between the Executive and the President and CEO. The Executive shall not be entitled to carry over forward any days of vacation in the calendar years subsequent to the calendar year during which the Executive becomes entitled to such vacation and any unused vacation time from at the end of the vacation reference year to yearshall be forfeited.

Appears in 2 contracts

Samples: www.sec.gov, DAVIDsTEA Inc.

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearyear pursuant to the Company’s then current vacation policy.

Appears in 2 contracts

Samples: Employment Agreement (Peoples Choice Financial Corp), Employment Agreement (Peoples Choice Financial Corp)

Vacation. The Executive shall will be entitled to four (4) 4 weeks of paid vacation per full calendar yearfiscal year to be scheduled as appropriate given Executive’s duties and responsibilities under this Agreement. The Executive shall be entitled to cash in lieu of any Any unused vacation time. The Executive shall not may be entitled carried over only to carry over any unused vacation time from year to yearthe extent permitted by Transport America’s current policies.

Appears in 2 contracts

Samples: Employment Agreement (Transport America, Inc.), Employment Agreement (Transport America, Inc.)

Vacation. The Executive shall will be entitled to take up to four (4) weeks of paid vacation per full each calendar yearyear during the term of this Agreement. The Executive shall No additional compensation will be entitled paid for failure to cash in lieu of any unused take vacation time. The Executive shall not and no vacation may be entitled to carry over any unused vacation time carried forward from one calendar year to yearanother.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year and shall use his best efforts to take two consecutive weeks of vacation each year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over vacation pay in lieu of vacation and accrual of any unused vacation time from year shall be limited to yeara maximum of five (5) weeks at any time.

Appears in 2 contracts

Samples: Employment Agreement (Business Bancorp /Ca/), Employment Agreement (Business Bancorp /Ca/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year, which shall be capped at a maximum of six (6) weeks of accrued vacation. The Executive shall be entitled endeavor to cash use his vacation in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from the calendar year to yearin which it is accrued.

Appears in 2 contracts

Samples: Employment Agreement (Differential Brands Group Inc.), Employment Agreement (Differential Brands Group Inc.)

Vacation. The During the Term, the Executive shall will be entitled to four (4) weeks of weeks' paid vacation per full calendar for each year. The Executive shall will also be entitled to cash the paid holidays and other paid leave set forth in lieu of the Company's policies. Vacation days and holidays during any unused vacation time. The fiscal year that are not used by the Executive shall during such fiscal year may not be entitled to carry carried over and used in any unused vacation time from year to subsequent fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Windmere Durable Holdings Inc), Employment Agreement (Windmere Durable Holdings Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year (with the vacation for any partial year being prorated) to be taken at such times as may be approved by the Board. Vacation days earned in one calendar year may not be used in any subsequent calendar year. The Executive Upon the termination of the Executive’s employment with the Company, no cash shall be entitled to cash paid in lieu of any accrued but unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearvacation.

Appears in 2 contracts

Samples: Executive Employment Agreement (Clearside Biomedical, Inc.), Executive Employment Agreement (Aldagen Inc)

Vacation. The Executive shall be entitled to four five (45) weeks of paid vacation per full during each calendar yearyear and time off for all holidays as designated by the Employer. The Executive shall be entitled to cash in lieu of any unused Unused vacation time. The Executive shall time will not be entitled paid to carry over any unused vacation time from Executive at calendar year to yearend.

Appears in 2 contracts

Samples: Executive Employment Agreement (Grove, Inc.), Executive Employment Agreement (Grove, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of 4 weeks’ paid vacation per full each calendar year, at such time or times as shall be agreed between the Executive and the Company. The Unused vacation may only be carried over for one year, unless otherwise agreed. On the fourth anniversary of the Effective date the Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearone additional weeks’ paid vacation.

Appears in 2 contracts

Samples: Employment Agreement (Canadian Zinc Corp), Employment Agreement (Canadian Zinc Corp)

Vacation. The During the Term, the Executive shall will be entitled to four (4) weeks of paid vacation per full calendar for each year. The Executive shall will also be entitled to cash the paid holidays and other paid leave set forth in lieu of Employer's policies. Vacation days and holidays during any unused vacation time. The fiscal year that are not used by the Executive shall during such fiscal year may not be entitled to carry carried over and used in any unused vacation time from year to subsequent fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Water Pik Technologies Inc), Employment Agreement (Water Pik Technologies Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive may not carryover more than four weeks paid vacation from year to year. On termination of Executive’s employment for whatever reason, Executive shall be entitled to cash in lieu of any be paid for all accrued but unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearthrough the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (Global Crossing LTD), Restricted Stock Unit Agreement (Global Crossing LTD)

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Vacation. The Executive shall be entitled to four (4) up to five weeks of paid vacation per full calendar year. The A maximum of three weeks of vacation time may be carried over from one calendar year and into the following calendar year; provided however, that the vacation time be exercised prior to the end of the subsequent calendar year. Executive shall be entitled to cash secure approval of the Chairman before scheduling any vacation in lieu excess of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yeartwo consecutive weeks.

Appears in 2 contracts

Samples: Employment Agreement (American Seafoods Inc), Employment Agreement (American Seafoods Corp)

Vacation. The Executive shall be entitled to four five (45) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearyear pursuant to the Company’s then current vacation policy.

Appears in 1 contract

Samples: Employment Agreement (Peoples Choice Financial Corp)

Vacation. The During the Term, the Executive shall be entitled to four (4) weeks of weeks’ paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation timeannum. The Executive shall not be entitled to carry over any cash payment in respect of any unused vacation time from year to yeartime.

Appears in 1 contract

Samples: Employment Agreement (Istar Financial Inc)

Vacation. The Executive shall be entitled to four six (46) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (KMG America CORP)

Vacation. The Executive shall be entitled to is eligible for four (4) weeks of paid vacation per full each calendar year. The Vacation days cannot be accrued or carried over into subsequent calendar years. Upon termination of the Executive’s employment by either party for any reason, the Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall will not be entitled to carry over compensation for any unused vacation time from year to yeardays.

Appears in 1 contract

Samples: Executive Employment Agreement (Traqiq, Inc.)

Vacation. The Executive shall be entitled to up to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu A maximum of any unused vacation time. The Executive shall not be entitled to carry over any unused one week of vacation time may be carried over from one calendar year to and into the following calendar year.

Appears in 1 contract

Samples: Employment Agreement (American Seafoods Corp)

Vacation. The During the term of this Agreement, Executive shall be entitled to four (4) weeks of paid vacation per full year. In any calendar year. The , Executive shall be entitled to cash in lieu carry over from the previous year (and only from the previous year) up to two weeks of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to that prior year.

Appears in 1 contract

Samples: Employment Agreement (Kos Pharmaceuticals Inc)

Vacation. The Executive shall be entitled to take and be paid for four (4) paid vacation weeks per calendar year, to be taken at times acceptable to the Executive and approved by the Company. A total of up to four (4) weeks unused vacation may be accumulated over the initial term of this Agreement. The Executive shall also be entitled to be paid vacation per full calendar yearfor all state, local, and national holidays customarily recognized in the United States and days given off to employees in general. The Executive shall be entitled to cash in lieu additional unpaid vacation to be negotiated with the Board of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearDirectors.

Appears in 1 contract

Samples: Executive Employment Agreement (Glas-Aire Industries Group LTD)

Vacation. The Executive shall be entitled to four (4) 4 weeks of paid vacation per full calendar year. The Executive year (with the vacation for any partial year being prorated) and shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any a maximum of two weeks of the total Vacation days earned in one calendar year to the subsequent calendar year. Upon the termination of the Executive’s employment with the Company, no cash shall be paid in lieu of accrued but unused vacation time from year to yearunless otherwise required by applicable law.

Appears in 1 contract

Samples: Executive Employment Agreement (Clearside Biomedical, Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive , which shall accrue and be entitled taken pursuant to cash Company policies as in lieu of any unused vacation effect from time to time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Vacation. 4.1 The Executive shall be entitled to a paid annual vacation of four (4) weeks in accordance with the Corporation’s vacation policy for executives, subject to the approval of paid the Corporation’s CEO or his designee. All of the vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive taken during each calendar year and shall not be entitled carried over in any amount into succeeding years. Unused vacation shall not be payable in cash to carry over any unused vacation time from year to yearthe Executive.

Appears in 1 contract

Samples: Employment Agreement (Aeterna Zentaris Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full year. Unless otherwise approved by the Chief Executive Officer or Chief Operating Officer of Axxxx-Xxxxxxxx, a maximum of ten days accrued vacation not taken in any calendar year shall be carried forward and may be used in the next subsequent calendar year. The Executive shall schedule his paid vacation to be entitled taken at times which are reasonably and mutually convenient to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearboth Company and Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full for the 1997 calendar yearyear of the Term and for each successive calendar year of the Term thereafter. The Upon termination of the Term of this Agreement, Executive shall be entitled to cash in lieu of any paid on a pro rata basis for all unused vacation timegranted during the year of termination at the Base Salary rate then existing. The Executive shall not be entitled to carry over paid for any unused vacation time if terminated for Cause (as hereinafter defined). No payment shall be made for unused vacation from year to yearany prior years. 3.5.

Appears in 1 contract

Samples: Agreement (Trustmark Corp)

Vacation. The Executive shall be entitled to four (4) weeks of annual paid vacation, commencing the calendar year 2015. Executive is entitled to one (1) week of paid vacation per full calendar in 2014. Any earned but unused vacation may not be used in any subsequent year. The Upon termination of his employment for any reason, Executive shall be entitled receive payment for any earned but unused vacation; provided, however, that if the Executive terminates his employment pursuant to cash in lieu Section VII.B., payment of any unused such accrued vacation time. The is conditioned upon Executive shall not be entitled to carry over any unused vacation time from year to yearcomplying with said notice provision.

Appears in 1 contract

Samples: Executive Employment Agreement (iWallet Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (KMG America CORP)

Vacation. The Executive shall be entitled to eligible for four (4) weeks of paid vacation per full calendar year. The All vacation must be used by December 31 of each year of Executive's employment at which time any unused vacation shall expire and Executive shall no longer be entitled to cash such vacation. No compensation shall be payable in lieu respect of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yeardays.

Appears in 1 contract

Samples: Employment Agreement (Access Integrated Technologies Inc)

Vacation. The Executive shall be entitled to one (1) week paid vacation that can be taken between September 1, 2005 and December 31, 2005. Starting in calendar year 2006, Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Unused vacation days in any year will have to be taken by March 31st of the following year or will continue to accrue for the benefit of the Executive shall be entitled to cash in lieu and payable on termination of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearemployment.

Appears in 1 contract

Samples: Employment Agreement (Inyx Inc)

Vacation. The Executive shall be entitled to four (4) 4 weeks of paid vacation per full calendar year. The Executive shall Vacation not used during a calendar year will be entitled to cash in lieu of any unused vacation time. The Executive shall forfeited and will not be entitled to carry over any unused vacation time from year to yearaccrued for use by Executive in subsequent calendar years.

Appears in 1 contract

Samples: Employment Agreement (Obie Media Corp)

Vacation. The Executive shall be entitled to four six (46) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (KMG America CORP)

Vacation. The Executive shall be is entitled to four (4) weeks of paid vacation per full calendar year. The , with such vacation to be scheduled and taken by Executive shall be entitled to cash in lieu of any unused his discretion, provided that such vacation time. The Executive shall not interfere with the performance of Executive's duties hereunder. If Executive does not take the full vacation available in any year, up to two (2) weeks may be entitled carried over to carry over any unused vacation time from year to the next calendar year.

Appears in 1 contract

Samples: Employment Agreement (Rural Metro Corp /De/)

Vacation. The Executive shall will be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall not be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (Heritage Property Investment Trust Inc)

Vacation. The Executive shall be entitled to an annual paid vacation -------- of no less than four (4) weeks of paid vacation per year during any calendar year in which the Executive devotes his full calendar year. The Executive shall be entitled time to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearthe Company.

Appears in 1 contract

Samples: Employment Agreement (Rental Service Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full in each calendar year during the term of the agreement. Unused vacation time shall not be accrued from year to year. The Executive shall also be entitled to cash in lieu of any unused vacation timeall paid holidays recognized by the Company. The Executive shall not be entitled to carry over take no more than two weeks of vacation during any unused vacation time from year to yearperiod consecutively.

Appears in 1 contract

Samples: Employment Agreement (BioTrove, Inc.)

Vacation. The During each calendar year, the Executive shall be entitled to four (4) weeks of paid vacation per full year. To the extent that Executive does not use his vacation in a given calendar year. The Executive , he shall be entitled to cash in lieu of any carry forward accrued unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year; provided, however, that in no event may he at any time have more than 30 business days of vacation accrued and once he has 30 business days of accrued unused vacation, he shall no longer continue to accrue further vacation time until he has used some of his accrued vacation time.

Appears in 1 contract

Samples: Employment Agreement (Avantair, Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive may not carryover more than four weeks paid vacation from year to year. On termination of Executive's employment for whatever reason, Executive shall be entitled to cash in lieu of any be paid for all accrued but unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearthrough the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Global Crossing LTD)

Vacation. The Executive shall be entitled to allowed four (4) weeks of paid vacation per full for each calendar year, pro-rated for any portion thereof. The Executive shall be entitled to cash is responsible for taking all vacation earned in lieu a calendar year within 3 months of any unused vacation time. The Executive the end of such year (the “Vacation Deadline”) and shall not be entitled to carry over any unused balances beyond such time. Any vacation in excess of the statutory minimum not taken by the Vacation Deadline shall be forfeited without compensation unless the Company agrees otherwise in writing. The Executive shall report all vacation time from year to yearthe Company.

Appears in 1 contract

Samples: Employment Agreement (Dollar Financial Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full for each calendar year (prorated for any portion of a year, as applicable). The Executive shall be entitled Notwithstanding anything to cash the contrary in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused this Agreement, vacation time from year shall cease to yearaccrue beyond eight (8) weeks at any given time during the Employment Term, and vacation time shall again accrue up to the maximum when Executive uses up vacation time to drop the vacation accrual below the maximum.

Appears in 1 contract

Samples: Employment Agreement (Remedent, Inc.)

Vacation. The Executive shall be entitled to a four (4) week -------- vacation during each year of the Term; provided, however, that for each year of the Term, Executive is required to and shall take at least two (2) weeks of paid said vacation per full calendar year. The Executive (the "Mandatory Vacation"), which shall be entitled to cash in lieu of any unused vacation timetaken consecutively. The Executive shall not be entitled to carry over vacation pay in lieu of vacation and accrual of any unused vacation time from year shall be limited to yeara maximum of five (5) weeks at any time.

Appears in 1 contract

Samples: Employment Agreement (Business Bancorp)

Vacation. The During the Term, the Executive shall be entitled to at -------- least four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled have the right to cash in lieu of any accrue and carry forward unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearvacation.

Appears in 1 contract

Samples: Employment Agreement (Us Foodservice/Md/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full time in each calendar year. The Executive shall be entitled to cash in lieu of any unused vacation timeyear during the term hereof. The Executive shall not be entitled to carry over compensation for any unused vacation time from year in any year. The Executive shall also be entitled to yearthe paid holidays provided by the Company to all of its employees.

Appears in 1 contract

Samples: Employment Agreement (Cott Corp /Cn/)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled may roll over up to cash in lieu one week per year of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Executive Employment Agreement (Thermoenergy Corp)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full calendar year. The annum; provided, that the Executive shall be entitled paid annually in cash for vacation days not taken by him; provided that any such payment shall be paid to cash the Executive not later than March 15 of the year following the calendar year in lieu of any which the unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yeardays accrued.

Appears in 1 contract

Samples: Employment Agreement (Petroterra Corp.)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per with full calendar salary and benefits each year. The Executive shall No cash or other payment will be entitled to cash in lieu of any due, however, for unused vacation time. The Executive shall and vacation may not be entitled to carry carried over any unused vacation time from one year to yearthe next.

Appears in 1 contract

Samples: Hickey Employment Agreement (Applebees International Inc)

Vacation. The Executive shall be entitled to annual vacation of four (4) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any Any unused vacation time. The in one year may be carried over to the next year unless the Company shall elect to pay the Executive shall not be entitled to carry over any (based on the Executive's annual salary) for such unused vacation time from year to yearvacation.

Appears in 1 contract

Samples: Employment Agreement (Influence Inc)

Vacation. The During each calendar year, the Executive shall be entitled to four (4) weeks of paid vacation per full year. To the extent that the Executive does not use his vacation in a given calendar year. The Executive , he shall be entitled to cash in lieu of any carry forward accrued unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year; provided, however, that in no event may he at any time have more than 30 business days of vacation accrued and once he has 30 business days of accrued unused vacation, he shall no longer continue to accrue further vacation time until he has used some of his accrued vacation time.

Appears in 1 contract

Samples: Employment Agreement (Tanke Biosciences Corp)

Vacation. The Executive shall be entitled to four five (45) weeks of paid vacation per full calendar year. The Executive shall be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to yearyear and any unused vacation at the end of employment is forfeited.

Appears in 1 contract

Samples: Employment Agreement of Doug Neal (New York Mortgage Trust Inc)

Vacation. The Executive shall be entitled to a paid vacation of four (4) weeks each year during the term hereof. Any unused vacation time for each year of paid the term hereof shall be accrued by Executive if not used during such year or, at the option of the Executive, the Company shall pay the Executive within 30 days from the end of the Fiscal Year any unused vacation per full calendar yearat Executive's current Base Compensation. The Executive shall also be entitled to cash in lieu of any unused vacation time. The Executive shall not be entitled all paid holidays made generally available by the Company to carry over any unused vacation time from year to yearits executive officers.

Appears in 1 contract

Samples: Employment Agreement (Singing Machine Co Inc)

Vacation. The Executive shall be entitled to up to four (4) weeks of paid vacation per full calendar year. The Executive , which shall accrue and be entitled taken in accordance with the Company’s vacation policies as in effect from time to cash in lieu of any unused vacation time. The Executive shall not be entitled to carry over any unused vacation time from year to year.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per full for each calendar yearyear of the Term hereof. The Upon termination of the Term of this Agreement, Executive shall be entitled to cash in lieu of any paid for all unused vacation timegranted during the year of termination at the Base Salary rate then existing. The Executive shall not be entitled to carry over paid for any unused vacation time if terminated for Cause (as hereinafter defined). No payment shall be made for unused vacation from year to yearany prior years.

Appears in 1 contract

Samples: Employment Agreement (Trustmark Corp)

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