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Common use of Vacation Clause in Contracts

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 20 contracts

Samples: Employment Agreement (Biomarin Pharmaceutical Inc), Employment Agreement (Biomarin Pharmaceutical Inc), Employment Agreement (Biomarin Pharmaceutical Inc)

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Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation each year of the Employment Term, pro-rated for partial calendar years of employment, subject to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s usual vacation policy for full-time employees that may be in effect from time to the following fiscal year pursuant such policytime.

Appears in 12 contracts

Samples: Employment Agreement (Texas Pacific Land Corp), Employment Agreement (Texas Pacific Land Corp), Employment Agreement (Texas Pacific Land Corp)

Vacation. The Employee shall be entitled to annual four weeks paid vacation per year scheduled at times mutually convenient to Employee and Employer. Employee shall be entitled to carry over unused vacation days into the next year in accordance with Employer’s policy, as modified from time to time. Employee shall be entitled to all holidays as allowed to other employees of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent Employer with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policysimilar responsibilities.

Appears in 10 contracts

Samples: Employment Agreement (Argentum 47, Inc.), Employment Agreement (Argentum 47, Inc.), Employment Agreement (Global Equity International Inc)

Vacation. The Employee shall be entitled to annual paid a vacation time of four (4) weeksweeks during each twelve (12) month period of his employment hereunder, accruing ratably during which time Employee's compensation hereunder shall be paid in full. Employee shall be permitted to carry over unused vacation during each twelve (12) month period during the course of each year of employment, to be taken at term and use such time or times as unused vacation in any subsequent twelve (12) month period during the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyterm.

Appears in 9 contracts

Samples: Employment Agreement (Brandywine Realty Trust), Employment Agreement (Brandywine Realty Trust), Employment Agreement (Brandywine Realty Trust)

Vacation. The Employee shall will be entitled to annual 4 weeks of paid vacation time per year at the reasonable and mutual convenience of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as Employer and the Employee may select, consistent with his obligations hereunderEmployee. Vacation days Accrued vacation not taken during an applicable fiscal in any calendar year will not be carried forward or used in any subsequent year except as otherwise provided in Employer policy as then may be carried over applicable generally to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyexecutives.

Appears in 9 contracts

Samples: Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc)

Vacation. The Employee shall will be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation annually or such other time as authorized by the course Board of each year of employment, to Directors during which time Employee’s compensation shall be taken at such time or times as the Employee may select, consistent with his obligations hereunderpaid in full. Vacation days not taken during an applicable fiscal Days unused in any calendar year may not be accumulated and carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyforward and used in future years.

Appears in 8 contracts

Samples: Employment Contract (Babyuniverse, Inc.), Employment Contract (Babyuniverse, Inc.), Employment Contract (Babyuniverse, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks paid vacation and three (3) days of paid personal business time each year of employment, to be taken at such time during the Term hereof and any renewal hereof. Any vacation or times as the Employee may select, consistent with his obligations hereunder. Vacation personal business days not taken during an applicable fiscal used in any year may shall be carried over subject to the extent permitted under forfeiture or accrual pursuant to the Company’s then-current vacation policy to the following fiscal year pursuant such policy.

Appears in 8 contracts

Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Afc Enterprises Inc)

Vacation. The Employee shall will be entitled to annual paid vacation time of accrue four (4) weeks, accruing ratably over the course weeks of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderpaid vacation per year. Vacation days not taken during an applicable fiscal year Such vacation may be carried over from year to the extent year only as permitted under by the Company’s vacation policy to the following fiscal year pursuant such policythen-current employee handbook.

Appears in 7 contracts

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

Vacation. The Subject to Company’s generally applicable policies relating to vacations, Employee shall be entitled to annual paid vacation time of commensurate with Employee’s position and tenure with the Company, but in no event less than four (4) weeks, accruing ratably over the course of weeks paid vacation during each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policycalendar year.

Appears in 7 contracts

Samples: Employment Agreement (Dave & Buster's Holdings, Inc.), Employment Agreement (Dave & Buster's Holdings, Inc.), Employment Agreement (Dave & Buster's Holdings, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks of paid vacation in each calendar year during the course of each year of employment, to be taken Term in accordance with the Company’s practice. Employee shall take vacations at such time or times as shall be reasonable as mutually determined by Employee and Company based upon the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policycurrent duties.

Appears in 7 contracts

Samples: Employment Agreement (Shea Development Corp.), Employment Agreement (Shea Development Corp.), Employment Agreement (Shea Development Corp.)

Vacation. The During Employee’s employment hereunder, Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation each calendar year, accruing ratably over the course of each year of employment, subject to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy policies as may exist from time to the following fiscal year pursuant such policytime.

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (Carriage Services Inc), Employment Agreement (Carriage Services Inc)

Vacation. The During each year of the Term of Employment, the Employee shall be entitled to annual four weeks of paid vacation time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times so as the Employee may select, consistent with to not materially impede his obligations duties hereunder. Vacation days that are not taken during an applicable fiscal year may not be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyinto future years.

Appears in 6 contracts

Samples: Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.)

Vacation. The Employee shall be entitled to annual paid a vacation time period of four (4) weeks, accruing ratably over the course of each year of employment, to weeks per calendar year. The vacation shall be taken by Employee at such time or times during the year and for such period as reasonable. All vacations should be taken in the Employee may select, consistent with his obligations hereunderyear earned. Vacation days not taken during an applicable fiscal year No vacations may be carried over to accrued without written permission of the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyBoard of Directors.

Appears in 6 contracts

Samples: Employment Agreement (SMD Group Inc), Employment Agreement (Hojo Holdings Inc), Employment Agreement (Hojo Holdings Inc)

Vacation. The During the term of the Employment Period, Employee shall be entitled to annual paid vacation time a maximum of four (4) weeksweeks of vacation time each calendar year (or a prorated portion thereof). In the event that Employee is unable or fails to take the total amount of vacation time authorized herein during any calendar year, accruing ratably such unused vacation shall not roll over the course of each year of employment, to or be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over credited to the extent permitted under subsequent year(s), but will be paid out in cash, and the Company’s balance of accrued vacation policy reduced to zero at the following fiscal year pursuant end of such policycalendar year.

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (American Vanguard Corp), Employment Agreement (American Vanguard Corp)

Vacation. The Subject to the Company’s generally applicable policies relating to vacations, Employee shall be entitled to annual paid vacation time of commensurate with Employee’s position and tenure with the Company, but in no event less than four (4) weeks, accruing ratably over the course of weeks paid vacation during each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policycalendar year.

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (Dave & Buster's Entertainment, Inc.), Employment Agreement (Dave & Buster's Entertainment, Inc.)

Vacation. The Employee shall be entitled to annual paid four weeks of vacation time in each calendar year during the Employment Term and shall be entitled to carry over all, part or none of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent vacation in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s any vacation policy to maintained by the following fiscal year pursuant such policyCompany for senior executives.

Appears in 6 contracts

Samples: Employment Agreement (Logimetrics Inc), Stockholders Agreement (Logimetrics Inc), Stockholders Agreement (Logimetrics Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks per year in accordance with the policies established, accruing ratably over from time to time, by the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyBank.

Appears in 6 contracts

Samples: Employment Agreement (Heritage Financial Group Inc), Employment Agreement (Heritage Financial Group Inc), Employment Agreement (Heritage Financial Group Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks of paid vacation per calendar year; provided, accruing ratably over the course however, that if this Employment Contract is not in effect for any full calendar year, Employee shall have only a pro rata portion of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken paid vacation during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policythat calendar year.

Appears in 5 contracts

Samples: Employment Agreement, Employment Contract (TRX Inc/Ga), Employment Contract (TRX Inc/Ga)

Vacation. The Employee shall be entitled to annual paid regular vacation time of four (4) weeks, accruing ratably over the course of during each year of employmentfour weeks in the aggregate. Any such vacation time not used by Employee in any one year shall accumulate to his benefit in the succeeding years and, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under not previously used as of the Company’s vacation policy to termination of the following fiscal year pursuant period of active employment, Employee shall be paid in cash in lieu of such policyunused vacation.

Appears in 5 contracts

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

Vacation. The Employee shall be entitled to annual 4 weeks of paid vacation time of four (4) weeks, accruing ratably over the course of each year of employmentper annum, to be taken at such time or reasonable times as the Employee may select, consistent Company shall in its discretion permit and in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy in effect from time to time. Vacation entitlement for any partial year of employment shall be pro-rated based on the following fiscal portion of the year pursuant such policyworked by the Employee.

Appears in 5 contracts

Samples: Employment Agreement (Profound Medical Corp.), Employment Agreement (Profound Medical Corp.), Employment Agreement (Profound Medical Corp.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks annual paid vacation per year, accruing ratably over subject to accrual and use in accordance with written company policy in effect from time to time during the course term of each year of employment, this Agreement and applicable law. Employee's vacation will be scheduled at those times which are mutually convenient to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEmployer's business and Employee.

Appears in 5 contracts

Samples: Employment Agreement (Teraglobal Communications Corp), Employment Agreement (Power Ten), Employment Agreement (Teraglobal Communications Corp)

Vacation. The Employee shall will be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation annually or such other time as authorized by the course Board of each year of employment, to Directors during which time Employee's compensation shall be taken at such time or times as the Employee may select, consistent with his obligations hereunderpaid in full. Vacation days not taken during an applicable fiscal Days unused in any calendar year may not be accumulated and carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyforward and used in future years.

Appears in 5 contracts

Samples: Employment Contract (Odimo INC), Employment Contract (Odimo INC), Employment Contract (Odimo INC)

Vacation. The Employee shall be entitled to annual paid vacation time of may take four (4) weeks, accruing ratably over the course weeks of paid vacation during each -------- year of employment, to be taken at such time or times as the Employee may select, shall be consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's vacation policy policies and (in the Company's judgment) with the Company's vacation schedule for officers and other management employees. Employee shall also be entitled to paid legal and religious holidays, sick days, and personal days in accordance with the following fiscal year pursuant such policyCompany's normal policies in effect from time to time.

Appears in 5 contracts

Samples: Employment Agreement (Telaxis Communications Corp), Employment Agreement (Telaxis Communications Corp), Employment Agreement (Telaxis Communications Corp)

Vacation. The Employee shall be entitled to annual receive four weeks of paid vacation time of four per calendar year (4) weekspro rated for any partial year), accruing ratably over the course of each year of employment, to which shall be taken at such time or times as the Employee may select, consistent will not unreasonably hinder or interfere with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy's business or operations.

Appears in 5 contracts

Samples: Employment Agreement (Energy Research Corp /Ny/), Employment Agreement (Evercel Inc), Employment Agreement (Evercel Inc)

Vacation. The Employee shall be entitled to annual paid a vacation time period of four (4) weeks, accruing ratably over weeks per calendar year. Employee shall take the course of each year of employment, to be taken vacation at such time or times during the year and for such period as reasonable. All vacations should be taken in the Employee may select, consistent with his obligations hereunderyear earned. Vacation days not taken during an applicable fiscal year No vacations may be carried over to accrued without written permission of the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyBoard of Directors.

Appears in 4 contracts

Samples: Employment Agreement (Ninth Enterprise Service Group Inc), Employment Agreement (Ninth Enterprise Service Group Inc), Employment Agreement (Ninth Enterprise Service Group Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation per year during the course term of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations employment hereunder. Vacation The dates of any vacation periods shall be arranged in order that such vacation days shall not taken during an applicable fiscal year may be carried over to materially hinder the extent permitted under normal functioning of the Company’s vacation policy to the following fiscal year pursuant such policy's business activities.

Appears in 4 contracts

Samples: Employment Agreement (Allstate Financial Corp /Va/), Employment Agreement (Allstate Financial Corp /Va/), Employment Agreement (Allstate Financial Corp /Va/)

Vacation. The Employee shall be entitled to annual paid four weeks of vacation time of four (4) weeks, accruing ratably over the course of per each calendar year of employmentservice, which shall be accrued and used in accordance with the policies of the Company as in effect from time to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policytime.

Appears in 4 contracts

Samples: Executive Employment Agreement (Telx Group, Inc.), Executive Employment Agreement (Telx Group, Inc.), Employment Agreement (Telx Group, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation in accordance with the Company's vacation policies for its executives, accruing ratably over the course as in effect from time to time, but in no event less than four (4) weeks per year. The timing and duration of each year of employment, to any vacation shall be taken at such time or times so as the Employee may select, consistent not to interfere with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over Employee's responsibilities and commitment to the extent permitted under company as determined by the Company’s vacation policy Chief Executive Officer. Employee shall also be entitled to all paid holidays given by the following fiscal year pursuant such policyCompany to its employees.

Appears in 4 contracts

Samples: Employment Agreement (Ambient Corp /Ny), Employment Agreement (Ambient Corp /Ny), Employment Agreement (Ambient Corp /Ny)

Vacation. The It is understood and agreed that Employee shall be entitled to annual paid vacation time of four (4) weeksweeks vacation per year. During such vacation periods, accruing ratably over the course Employee shall not be relieved of each year his duties under this Contract and there will be no abatement or reduction of employment, to be taken at such time or times as the Employee may select, consistent with his obligations Employee's compensation hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 4 contracts

Samples: Employment Contract (Oasis Residential Inc), Employment Contract (Oasis Residential Inc), Employment Contract (Oasis Residential Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course of weeks each year of employment, calendar year. Such vacation time shall be used at times mutually agreeable to be taken at such time or times as the Employee and the Employer. The Employee acknowledges that unused vacation time may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such forward except in accordance with standard Employer policy.

Appears in 4 contracts

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

Vacation. The During the term of the Employee's employment, the Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course of weeks paid vacation each year of employment, to calendar year. Any vacation shall be taken at such time the reasonable and mutual convenience of the Company and the Employee. Accrued vacation not taken in any calendar year will not be carried forward or times as used in any subsequent calendar year and the Employee may select, consistent with his obligations hereunder. Vacation days shall not taken during an applicable fiscal year may be carried over entitled to the extent permitted under the Company’s receive pay in lieu of accrued but unused vacation policy to the following fiscal year pursuant such policyin any calendar year.

Appears in 4 contracts

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

Vacation. The Employee shall be entitled to annual a period of four weeks' paid vacation per calendar year. The Employee will provide the Employer with reasonable written notice of his intention to take any vacation days. The Employee shall be allowed to accumulate one week's vacation per year from the previous year but at no time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as shall the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over entitled to the extent permitted under the Company’s accumulate unused weeks such that he has more than five (5) weeks of vacation policy to the following fiscal year pursuant such policyin any one (1) year.

Appears in 4 contracts

Samples: Employment Agreement (Virexx Medical Corp), Employment Agreement (Virexx Medical Corp), Employment Agreement (Virexx Medical Corp)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation each year of the Term, pro-rated for partial calendar years of employment, subject to be taken at such the Trust’s usual vacation policy for full-time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year employees that may be carried over in effect from time to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policytime.

Appears in 4 contracts

Samples: Employment Agreement (Texas Pacific Land Corp), Employment Agreement (Texas Pacific Land Trust), Employment Agreement (Texas Pacific Land Trust)

Vacation. The Employee shall be entitled to annual four weeks of paid vacation time of four (4) weeks, accruing ratably over the course of per year for each full year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderemployment and pro rata for each partial year. Vacation days time not taken during an applicable fiscal a calendar year may be carried over is not accrued to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policynext calendar year.

Appears in 4 contracts

Samples: Employment Agreement (DDC Enterprise LTD), Employment Agreement (DDC Enterprise LTD), Employment Agreement (Atossa Genetics Inc)

Vacation. The During the Employment Term, Employee shall will be entitled to annual paid vacation time of no less than four (4) weeks, accruing ratably over the course of weeks paid vacation annually during each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereundercalendar year. Vacation days not taken during an applicable fiscal year may time will accrue at the annual paid vacation rate and be carried over maintained as a vested benefit up to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policya limit of four weeks.

Appears in 4 contracts

Samples: Employment Agreement (CareView Communications Inc), Employment Agreement (CareView Communications Inc), Employment Agreement (CareView Communications Inc)

Vacation. The Employee shall be entitled to annual paid four weeks vacation annually in accordance with Company policy as in effect from time to time. In the event Employee does not use his entire vacation time of four (4) weeksin any year, accruing ratably Employee shall be entitled to carry over unused vacation into the course of each following year of employment, to be taken at until his accrued vacation reaches six weeks or such time or times greater period as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's vacation policy to the following fiscal year pursuant such policyfor management executives.

Appears in 4 contracts

Samples: Employment Agreement (Tesoro Petroleum Corp /New/), Employment Agreement (Tesoro Petroleum Corp /New/), Employment Agreement (Tesoro Petroleum Corp /New/)

Vacation. The Employee shall be entitled to annual four weeks of paid vacation time of four (4) weeks, accruing ratably over the course of during each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderTerm hereof. Vacation A maximum of five days not taken during an applicable fiscal year unused vacation may be carried over deferred to the extent permitted under next succeeding year of the Company’s vacation policy to the following fiscal year pursuant such policyTerm hereof.

Appears in 4 contracts

Samples: Management Employment Agreement (Sebring Software, Inc.), Management Employment Agreement (Sebring Software, Inc.), Management Employment Agreement (Sebring Software, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of accrue four (4) weeks, accruing ratably over the course of vacation weeks with pay during each year of employmentemployment year, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderbe convenient to Company and Employee. Vacation days Any vacation time not taken during an applicable fiscal used in any one year may be carried over forward to subsequent employment years. For purposes of this Agreement, "employment years" shall mean the extent permitted under successive one (1) year periods beginning on the Company’s vacation policy to Effective Date of this Agreement and on each anniversary date of the following fiscal year pursuant such policyEffective Date of this Agreement during the term of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Thehealthchannel Com Inc), Employment Agreement (Thehealthchannel Com Inc), Employment Agreement (Thehealthchannel Com Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of at least four (4) weeks, accruing ratably over the course weeks of paid vacation during each year of employment, to the term hereof. The scheduling of the Employee's vacation(s) shall be taken at such time or times as the Employee may select, consistent with the availability of his obligations hereunder. Vacation days not taken during an applicable fiscal year may time and shall be carried over subject to (i) the extent permitted under the Company’s Employer's vacation policy to and (ii) the following fiscal year pursuant such policyprior approval of the Employer.

Appears in 4 contracts

Samples: Employment Agreement (Sound Advice Inc), Employment Agreement (Sound Advice Inc), Employment Agreement (Sound Advice Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks paid vacation each calendar year. A maximum of each year one (1) week of employment, to be taken at such any vacation time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal unused in a calendar year may be carried over to into the extent permitted under the Company’s vacation policy to the next immediately following fiscal year pursuant such policycalendar year.

Appears in 4 contracts

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

Vacation. The Employee shall be entitled to an annual paid vacation time according to the Employer's personnel policy of four (4) weeks, accruing ratably over the course weeks per year without reduction in salary. Employee shall not utilize more than two consecutive weeks of each year vacation at a time without approval of employment, Employer's Board of Directors. Employee shall also be entitled to be taken at such all paid holidays provided to Employer's senior officers; in addition this vacation time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to accrued at the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEmployee's discretion.

Appears in 3 contracts

Samples: Employment Agreement (5 G Wireless Communications Inc), Employment Agreement (5 G Wireless Communications Inc), Employment Agreement (5 G Wireless Communications Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of each year of employment, to paid vacation per calendar year. Such vacation shall be taken at such a time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over acceptable to the extent permitted under Company. The Employee shall be allowed to carry forward any unused vacation into the Company’s vacation policy next calendar year for up to the following fiscal year pursuant such policyone (1) month.

Appears in 3 contracts

Samples: Employment Agreement (Bionik Laboratories Corp.), Employment Agreement (Bionik Laboratories Corp.), Employment Agreement (Bionik Laboratories Corp.)

Vacation. The Employee shall will be entitled to annual 4 weeks of paid vacation time per year at the reasonable and mutual convenience of four (4) weeksthe Employer and the Employee. Unless otherwise approved by the Board of Directors of the Employer, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days accrued vacation not taken during an applicable fiscal in any calendar year may will not be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyforward or used in any subsequent year.

Appears in 3 contracts

Samples: Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over ’ paid vacation each calendar year. The scheduling of any vacation time must be approved by the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderEmployer. Vacation days time will not taken during an be accumulated from year to year and any unused entitlement will be forfeited provided, however, that the Employer will provide any vacation pay entitlements pursuant to applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyemployment standards legislation.

Appears in 3 contracts

Samples: Employment Agreement (Industrial Minerals Inc), Employment Agreement (Industrial Minerals Inc), Employment Agreement (Industrial Minerals Inc)

Vacation. The Employee shall be entitled to annual four weeks paid vacation per year scheduled at times mutually convenient to Employee and Employer. Employee shall be entitled to carry over unused vacation days into the next year in accordance with Employer's policy, as modified from time to time. Employee shall be entitled to all holidays as allowed to other employees of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent Employer with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policysimilar responsibilities.

Appears in 3 contracts

Samples: Employment Agreement (Global Equity International Inc), Employment Agreement (Global Equity International Inc), Employment Agreement (Global Equity International Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation (selected by Employee, accruing ratably over but subject to the course reasonable business requirements of the Employer as determined by the Chief Executive Officer of the Employer) during each full year during the Term of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunderEmployment. Vacation days granted but not taken during an applicable fiscal used in any year shall be forfeited at the end of such one-year period and may not be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyany subsequent year.

Appears in 3 contracts

Samples: Employment Agreement, Officer Employment Agreement (Bloomin' Brands, Inc.), Officer Employment Agreement (Cheeseburger-Ohio, Limited Partnership)

Vacation. The During the term, Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation per year. The dates of any vacation periods shall be arranged in order that such vacation days shall not materially hinder the course normal functioning of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy's business activities.

Appears in 3 contracts

Samples: Employment Agreement (Allstate Financial Corp /De/), Employment Agreement (Allstate Financial Corp /De/), Employment Agreement (Allstate Financial Corp /Va/)

Vacation. The Employee shall will be entitled to annual four weeks of paid vacation time per year at the reasonable and mutual convenience of four (4) weeksthe Employer and the Employee. Unless otherwise approved by the Board of Directors of the Employer, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days accrued vacation not taken during an applicable fiscal in any calendar year may will not be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyforward or used in any subsequent year.

Appears in 3 contracts

Samples: Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc), Employment Agreement (Supertel Hospitality Inc)

Vacation. The Employee shall will be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of each year of employmentpaid vacation per calendar year, to be earned and taken in accordance with the Corporation’s policies as in effect from time to time. The Employee will take his vacation at such a time or times as reasonable for each of the Corporation and the Employee may selectin the circumstances, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to taking into consideration the extent permitted under business needs of the Company’s vacation policy to the following fiscal year pursuant such policyCorporation.

Appears in 3 contracts

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

Vacation. The Employee shall be entitled to annual 4 weeks paid vacation in accordance with the Company’s policies, as may be established from time of four (4) weeksto time by the Company for its employees, accruing ratably over the course of each year of employment, to which shall be taken at such time or times as shall be mutually agreed upon by the Employee may select, consistent with his obligations hereunderParties. Vacation days not taken time shall accrue if unused during an applicable the fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyyear.

Appears in 3 contracts

Samples: Employment Agreement (Volitionrx LTD), Employment Agreement (Volitionrx LTD), Employment Agreement (Volitionrx LTD)

Vacation. The Employee shall be entitled to annual a paid vacation time (taken consecutively or in segments) of four (4) weeksweeks during each fiscal year, accruing ratably over adjusted pro rata for any partial fiscal year during the course of each year of employment, to term hereof. Such vacation may be taken at such time or times as is reasonably prudent and consistent with the proper and diligent performance by the Employee may select, consistent with of his obligations duties and responsibilities hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 3 contracts

Samples: Employment Agreement (Silknet Software Inc), Employment Agreement (Silknet Software Inc), Employment Agreement (Silknet Software Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of equal to four (4) weeks, accruing ratably over the course of each year of employment, to weeks annually. Vacation shall be taken at such time or times so as not to interfere with the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to proper operation of the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEmployer's business.

Appears in 3 contracts

Samples: Employment Agreement (Molecular Insight Pharmaceuticals, Inc.), Employment Agreement (Molecular Insight Pharmaceuticals, Inc.), Employment Agreement (Molecular Insight Pharmaceuticals, Inc.)

Vacation. The Employee shall be entitled to four weeks annual paid vacation time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the per year; provided that Employee may select, consistent with his obligations hereunder. Vacation days shall not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s use more than two weeks vacation policy to the following fiscal year pursuant such policyin any 60-day period.

Appears in 3 contracts

Samples: Employment Agreement (Bay Bancorp, Inc.), Employment Agreement (Carrollton Bancorp), Employment Agreement (Carrollton Bancorp)

Vacation. The Employee shall be entitled to an annual paid vacation time of equal to four (4) weeks, accruing ratably over the course of each year of employment, to weeks annually. Vacation shall be taken at such time or times so as not to interfere with the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to proper operation of the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEmployer's business.

Appears in 3 contracts

Samples: Employment Agreement (Molecular Insight Pharmaceuticals, Inc.), Employment Agreement (Molecular Insight Pharmaceuticals, Inc.), Employment Agreement (Molecular Insight Pharmaceuticals, Inc.)

Vacation. The Employee shall be entitled to annual four weeks paid vacation time of four (4) weeks, accruing ratably over the course of each per year of employment, scheduled at times mutually convenient to be taken at such time or times as the Employee may selectand Employer. The Employee shall be entitled to carry over unused vacation days into the next year in accordance with Employer’s policy, consistent as modified from time to time. The Employee shall be entitled to all holidays as allowed to other employees of the Employer with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policysimilar responsibilities.

Appears in 2 contracts

Samples: Employment Agreement (Argentum 47, Inc.), Employment Agreement (Argentum 47, Inc.)

Vacation. The Employee shall be entitled to annual four (4) weeks paid vacation time during each Salary Year during the term of the Employee’s employment hereunder. Vacation shall be taken at such times and with such notice so as to not disrupt or interfere with the business of the Company. Unused vacation from a particular Salary Year will carry over to succeeding Salary Years, but only up to a maximum of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year weeks may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyinto any succeeding Salary Year.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Liquidmetal Technologies Inc), Asset Purchase and Contribution Agreement (Liquidmetal Technologies Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation during each year of employment, to be taken at such time or times as the Employee may select, Employment Period consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's then policy for senior executive employees. In the event Employee does not use such vacation, he shall receive, upon termination of the Employment Period, vacation policy pay for all unused vacation calculated at the base salary rate set forth in Section 5.1 hereof. However, Employee shall endeavor to take vacation time in the following fiscal year pursuant such policyin which it is allocated to him.

Appears in 2 contracts

Samples: Executive Employment Agreement (En Pointe Technologies Inc), Executive Employment Agreement (En Pointe Technologies Inc)

Vacation. The Employee shall will be entitled to annual accrue 4 weeks of paid vacation time of four (4) weeks, accruing ratably over per year. Such vacation must be used in the course of each year of employment, to be taken at such time or times as the Employee in which it is accrued and may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over from year to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyyear.

Appears in 2 contracts

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

Vacation. The Employee EMPLOYEE shall be entitled to annual four weeks of paid vacation per year in the first three years of the Term and five weeks of paid vacation per year in the fourth and fifth years of the Term. EMPLOYEE shall be afforded the usual holidays as EMPLOYER may from time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyrecognize.

Appears in 2 contracts

Samples: Employment Agreement (Harveys Casino Resorts), Employment Agreement (Harveys Casino Resorts)

Vacation. The During the term of the Employment Period, Employee shall be entitled to annual paid vacation time a maximum of four (4) weeksweeks of vacation time each calendar year (or a prorated portion thereof). In the event that Employee is unable or fails to take the total amount of vacation time authorized herein during any calendar year, accruing ratably such unused vacation shall not roll over the course of each year of employment, to or be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over credited to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policysubsequent year(s).

Appears in 2 contracts

Samples: Employment Agreement (American Vanguard Corp), Employment Agreement (American Vanguard Corp)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation per year during the course Term of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations employment hereunder. Vacation The dates of any vacation periods shall be arranged in order that such vacation days shall not taken during an applicable fiscal year may be carried over to materially hinder the extent permitted under normal functioning of the Company’s vacation policy to the following fiscal year pursuant such policy's business activities.

Appears in 2 contracts

Samples: Employment Agreement (Allstate Financial Corp /Va/), Employment Agreement (Allstate Financial Corp /Va/)

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Vacation. The Employee shall be entitled to annual four weeks paid vacation time of four (4) weeks, accruing ratably over the course of during each year of employment, to calendar year. Vacation shall be taken at such time times and with such notice so as to not disrupt or times as interfere with the Employee may select, consistent with his obligations hereunderbusiness of the Company. Vacation days Unused vacation from a particular calendar year will not taken during an applicable fiscal year may be carried paid in cash but will carry over to the extent permitted under succeeding calendar year, up to a maximum of 3 weeks, and no more than 3 weeks of carried-over vacation may be taken during any calendar year (or such other amount as is provided for in any policy or plan that the Company’s vacation policy to the following fiscal year pursuant such policyBoard may adopt).

Appears in 2 contracts

Samples: Employment Agreement (Liquidmetal Technologies Inc), Employment Agreement (Liquidmetal Technologies Inc)

Vacation. The During the Term, Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation per calendar year in accordance with the plans, accruing ratably over practices, programs and policies then in effect for the course Company with respect to other comparable executives of each year of employmentthe Company; provided, however, since vacation time for Employee is not accrued, Employee shall not be eligible to receive payment, or be taken at such paid, for any unused vacation time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may and no unused vacation time shall be carried over from one year to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policynext or otherwise accumulated.

Appears in 2 contracts

Samples: Employment Agreement (Gemstar Tv Guide International Inc), Employment Agreement (Gemstar Tv Guide International Inc)

Vacation. The Employee shall be entitled to annual 4 weeks of paid vacation time per year. Each year will be calculated using Employee's anniversary date of four (4) weekshire. Such vacation shall accrue in accordance with Company policy. Unused, accruing ratably over the course of each year accrued vacation may not be carried forward into subsequent years and, except as otherwise provided herein, no payment for accrued vacation will be made upon termination of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 2 contracts

Samples: Executive Employment Agreement (Usol Holdings Inc), Executive Employment Agreement (Usol Holdings Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of take four (4) weeksweeks (20 business days) of paid vacation which shall accrue monthly during each twelve (12) months of Employee's employment hereunder, accruing ratably over the course of each year of employment, and which vacation shall be taken on dates to be taken selected by mutual agreement of the Company and Employee. Paid vacation days will not accrue at such any time Employee has accrued 30 days or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s more of unused vacation policy to the following fiscal year pursuant such policytime.

Appears in 2 contracts

Samples: Employment Agreement (Kushner Locke Co), Employment Agreement (Kushner Locke Co)

Vacation. The Employee EXECUTIVE shall be entitled to annual a paid vacation time of for four (4) weekscalendar weeks per year during the employment period. Such vacation time allowance shall not cumulatively accrue, accruing ratably over the course of and any unused vacation time for each year of employmentthe employment period shall be not be forfeited by EXECUTIVE if any such unused vacation days are not used during such year, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over used in any subsequent year[s] at the EXECUTIVE's discretion. EXECUTIVE shall also be entitled to all paid holidays made generally available by the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyCOMPANY.

Appears in 2 contracts

Samples: Executive Employment Agreement (Southern Security Bank Corp), Executive Employment Agreement (Southern Security Bank Corp)

Vacation. The Employee shall be entitled to annual four weeks paid vacation time of four (4) weeks, accruing ratably over the course of during each year of employment, to calendar year. Vacation shall be taken at such time times and with such notice so as to not disrupt or times as interfere with the Employee may select, consistent with his obligations hereunderbusiness of the Company. Vacation days Unused vacation from a particular calendar year will not taken during an applicable fiscal year may be carried paid in cash but will carry over to the extent permitted under the Company’s vacation policy succeeding calendar year, up to the following fiscal year pursuant such policya maximum of 200 hours.

Appears in 2 contracts

Samples: Employment Agreement (Liquidmetal Technologies Inc), Employment Agreement (Liquidmetal Technologies Inc)

Vacation. The Employee shall be entitled to annual 4 weeks paid vacation time during each Salary Year during the term of four (4) weeksthe Employee's employment hereunder. Unused vacation from a particular Salary Year will not carry over to succeeding Salary Years, accruing ratably over the course of each year of employment, to be taken at such time or times as and the Employee may selectwill not be paid for any unused vacation, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEXCEPTING THE FOLLOWING: THE EMPLOYEE WILL ONLY BE PAID FOR ACCRUED/UNUSED VACATION AVAILABLE AT THE TIME OF THE EMPLOYEE'S TERMINATION.

Appears in 2 contracts

Samples: Employment Agreement (Liquidmetal Technologies), Employment Agreement (Liquidmetal Technologies)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks of paid vacation per calendar year; provided, accruing ratably over the course however, that if this Employment Contract is not in effect for any full calendar year; Employee shall have only a pro rata portion of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken paid vacation during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policythat calendar year.

Appears in 2 contracts

Samples: Employment Contract (TRX Inc/Ga), Employment Contract (TRX Inc/Ga)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course of weeks paid vacation in each year of employment, Employment Year to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over appropriate having regard to the extent permitted under requirements of MBR's business. The Employee shall not be entitled to carry forward from one year to another untaken vacation time unless expressly agreed between MBR and the Company’s vacation policy to the following fiscal year pursuant such policyEmployee.

Appears in 2 contracts

Samples: Employment Agreement (McKenzie Bay International), Employment Agreement (McKenzie Bay International)

Vacation. The Employee shall be entitled to annual four weeks paid vacation time of four (4) weeksper year, accruing ratably over the course of each year of employment, to which shall accrue and be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over subject to the extent permitted under terms of the Company’s vacation policy policy, as the same may be amended from time to the following fiscal year pursuant such policytime.

Appears in 2 contracts

Samples: Employment Agreement (Credo Petroleum Corp), Employment Agreement (Credo Petroleum Corp)

Vacation. The Employee shall be entitled to annual paid vacation time of up to four (4) weeksweeks of non-accruing paid vacation in each calendar year during the Employment Term, accruing ratably over provided, however, that the course Employee's 1998 calendar year vacation shall be prorated for the portion of each the calendar year of employment, to be taken at such time or times as remaining after the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policydate hereof.

Appears in 2 contracts

Samples: Employment Non Competition and Proprietary Rights Agreement (Universal Access Inc), Employment Non Competition and Proprietary Rights Agreement (Universal Access Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation time each calendar year, accruing ratably over the course of each year of employment, to prorated in accordance with Corporation policy. All vacations shall be taken by Employee at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over approved by the Corporation. There will be no carryover of unused vacation time or sick leave from one year to the extent permitted under the Company’s another, and no compensation for such unused vacation policy to the following fiscal year pursuant such policyor sick leave, if any.

Appears in 2 contracts

Samples: Employment Agreement (Regeneration Technologies Inc), Employment Agreement (Regeneration Technologies Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation in each year calendar year. Employee shall be entitled to have accrued no more than five (5) weeks unused vacation at any given time; any unused vacation time in excess of employment, to such amount shall be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policycancelled.

Appears in 2 contracts

Samples: Employment Agreement (Caminus Corp), Employment Agreement (Caminus Corp)

Vacation. The Employee shall shall, during the Term, be entitled to annual paid a vacation time of four weeks (4) weeksper annum, accruing ratably over in addition to holidays observed by the course of each Company. Employee shall not be entitled to carry any vacation forward to the next year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days employment and shall not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s receive any compensation for unused vacation policy to the following fiscal year pursuant such policydays.

Appears in 2 contracts

Samples: Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc)

Vacation. The Employee shall be entitled to a paid annual paid vacation time of not less than four (4) weeks, accruing ratably over weeks during each calendar year in the course Period of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyEmployment.

Appears in 2 contracts

Samples: Employment Agreement (National Penn Bancshares Inc), Employment Agreement (National Penn Bancshares Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of eligible for four (4) weeks, accruing ratably over the course weeks of paid vacation each year of employmenthis employment hereunder. The Employee shall be permitted to carry over and accrue unused vacation time for a period of up to two (2) years. Except as required by applicable law, to be taken at such time or times as in no event shall the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over entitled to the extent permitted under the Company’s receive any cash compensation in lieu of unused vacation policy to the following fiscal year pursuant such policytime.

Appears in 2 contracts

Samples: Employment Agreement (National Health Partners Inc), Employment Agreement (National Health Partners Inc)

Vacation. The Employee shall will be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks paid vacation annually or such other time as authorized by the course Board of each year of employment, to Directors during which time his compensation shall be taken at such time or times as the Employee may select, consistent with his obligations hereunderpaid in full. Vacation days not taken during an applicable fiscal Days unused in any calendar year may not be accumulated and carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policyforward and used in future years.

Appears in 2 contracts

Samples: Employment Agreement (Advanced Viral Research Corp), Employment Agreement (Advanced Viral Research Corp)

Vacation. The Employee shall be entitled to annual a period of four weeks’ paid vacation per calendar year. The Employee will provide the Employer with reasonable written notice of his intention to take any vacation days. The Employee shall be allowed to accumulate one week’s vacation per year from the previous year but at no time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as shall the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over entitled to the extent permitted under the Company’s accumulate unused weeks such that he has more than five (5) weeks of vacation policy to the following fiscal year pursuant such policyin any one year.

Appears in 2 contracts

Samples: Employment Agreement (Virexx Medical Corp), Employment Agreement (Virexx Medical Corp)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks of paid vacation per calendar year, accruing ratably over which will be earned at a rate of one week on the course first day of each year quarter of employmentthe calendar year, to be and taken at such time or times as the Employee may select, consistent in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's standard vacation policy policies. Employee shall be permitted to “roll forward” to a succeeding calendar year up to two (2) weeks of vacation time which was not used in the following fiscal year pursuant such policycurrent calendar year. Any vacation taken with respect to Employee's employment with any member of the Company Group shall be deemed to reduce the amount of vacation available to Employee from the Company, day for day.

Appears in 2 contracts

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

Vacation. The Employee shall will be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of each year of employmentpaid vacation per calendar year, to be earned and taken in accordance with the Corporation’s policies as in effect from time to time. The Employee will take her vacation at such a time or times as reasonable for each of the Corporation and the Employee may selectin the circumstances, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to taking into consideration the extent permitted under business needs of the Company’s vacation policy to the following fiscal year pursuant such policyCorporation.

Appears in 2 contracts

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

Vacation. The Employee shall be entitled to annual a paid vacation time (taken consecutively or in segments) of four (4) weeksweeks during each fiscal year, accruing ratably over adjusted pro rata for any partial fiscal year during the course of each year of employmentterm hereof, to but with no carryover. Such vacation may be taken at such time or times as is reasonably prudent and consistent with the proper and diligent performance by the Employee may select, consistent with of his obligations duties and responsibilities hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 2 contracts

Samples: Employment Agreement (Wifimed Holdings Company, Inc.), Employment Agreement (Wifimed Holdings Company, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation during each full 12-month period during the term hereof; provided, accruing ratably over however that in taking such vacation Employee shall give and exercise reasonable consideration to and for the course needs and interests of each year of employmentCorporation. Employee shall also be entitled to such other vacation time and paid holidays, if any, as shall from time to time be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policydetermined by Corporation.

Appears in 2 contracts

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

Vacation. The Employee shall be entitled to annual paid vacation time of may take four (4) weeks, accruing ratably over the course weeks of paid vacation during each year of employment, to be taken at such time or times as the Employee may select, shall be consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's vacation policy policies and (in the Company's judgment) with the Company's vacation schedule for officers and other management employees. Employee shall also be entitled to paid legal and religious holidays, sick days, and personal days in accordance with the following fiscal year pursuant such policyCompany's normal policies in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (GT Solar International, Inc.), Employment Agreement (Telaxis Communications Corp)

Vacation. The During the Employment Period, Employee shall be entitled to annual not less than four weeks of paid vacation per year or such greater number of vacation days as may be permitted in accordance with Holdings' vacation policy (as from time of four (4to time amended) weeks, accruing ratably over the course of each year of employment, for senior executives in general. Employee shall not be entitled to be taken at such accumulate or carryover unused vacation time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal pay from year may be carried over to year except to the extent permitted under the Company’s in accordance with such vacation policy (as from time to the following fiscal year pursuant such policytime amended).

Appears in 2 contracts

Samples: Employment Agreement (Sterling Chemical Inc), Employment Agreement (Sterling Chemical Inc)

Vacation. The Employee shall be entitled to annual a paid vacation time (taken consecutively or in segments) of four (4) weeks4 weeks during each fiscal year, accruing ratably over adjusted pro rata for any partial fiscal year during the course of each year of employment, to term hereof. Such vacation may be taken at such time or times as the Employee may select, is reasonably consistent with proper performance by Employee of his obligations duties and responsibilities hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policy.

Appears in 2 contracts

Samples: Employment Agreement (Oao Technology Solutions Inc), Employment Agreement (Oao Technology Solutions Inc)

Vacation. The Employee shall will be entitled to annual a paid vacation time of four (4) weeks, accruing ratably over weeks within each 12 month period under the course terms of each year of employmentthis Agreement, to be calculated from the date of commencement of employment set forth in Section 2 herein. This vacation must be taken at such time or times as on dates which do not adversely compromise the Employee may select, consistent with Employee’s performance of his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted duties under the Company’s vacation policy to the following fiscal year pursuant such policythis Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Us Geothermal Inc), Employment Agreement (Us Geothermal Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation during each Salary Year during the term of the Employee's employment hereunder. Unused vacation from a particular Salary Year will not carry over to succeeding Salary Years, accruing ratably over the course of each year of employment, to be taken at such time or times as and the Employee may select, consistent with his obligations hereunder. Vacation days will not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policypaid for any unused vacation.

Appears in 2 contracts

Samples: Employment Agreement (Liquidmetal Technologies), Employment Agreement (Liquidmetal Technologies)

Vacation. The Employee shall be entitled to annual at least four weeks of vacation per fiscal year during which time his compensation shall be paid in full, and any unused vacation time of four (4) weeks, accruing ratably over shall accrue from year to year in accordance with the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation Employer's policy to the following fiscal year pursuant such policytherefor.

Appears in 2 contracts

Samples: Executive Employment Agreement (Host America Corp), Executive Employment Agreement (Host America Corp)

Vacation. The During the Term of Employment, Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation per calendar year, accruing ratably over the course of each year of employmentand shall be entitled to as many holidays, to be taken at such time or times sick days and personal days as the Employee may select, consistent are in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy then in effect generally for its employees. Vacation time will be accrued at a rate of 30 days per month and will not carry over from year to the following fiscal year pursuant such policyyear.

Appears in 2 contracts

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

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of each year of employmentpaid vacation per annum, to be taken at such time or reasonable times as the Employee may select, consistent Company shall in its discretion permit and in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy in effect from time to time. Vacation entitlement for any partial year of employment shall be pro-rated based on the following fiscal portion of the year pursuant such policyworked by the Employee.

Appears in 2 contracts

Samples: Employment Agreement (Profound Medical Corp.), Employment Agreement (Profound Medical Corp.)

Vacation. The During the term of the Employee's employment, the Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation each year of employment, to calendar year. Any vacation shall be taken at such time the reasonable and mutual convenience of the Company and the Employee. Accrued vacation not taken in any calendar year will not be carried forward or times as used in any subsequent calendar year, subject to Section 4, and the Employee may select, consistent with his obligations hereundershall not be entitled to receive pay in lieu of accrued but unused vacation in any calendar year. Vacation days not taken during an applicable fiscal year may will be carried over deemed to accrue daily for purposes of the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policypayments described in Section 4 hereof.

Appears in 2 contracts

Samples: Employment Agreement (Atrium Corp), Employment Agreement (Atrium Corp)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over weeks of paid vacation at the course start of each calendar year. Employee’s prior employment period with Employer and vacation taken shall be included in this calculation for 2014. Employee shall not be permitted to carryover over vacation from one calendar year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policynext.

Appears in 2 contracts

Samples: Employment Agreement (Stockbridge/Sbe Investment Company, LLC), Employment Agreement (Stockbridge/Sbe Investment Company, LLC)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation during each calendar year of employmentEmployee’s employment hereunder beginning with calendar year 2018, which shall accrue monthly on a pro rata basis, subject to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such annual accrual caps per Company policy.

Appears in 2 contracts

Samples: Employment Agreement (Cumulus Media Inc), Employment Agreement (Cumulus Media Inc)

Vacation. The Employee shall be is entitled to annual paid take up to four weeks’ vacation time of four (4) weeksper calendar year. Unless otherwise agreed in writing, accruing ratably over the course of each year of employment, to vacation must be taken at such time or times as in the Employee year in which it accrues, may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over from year to the extent permitted under the year. The taking and timing of vacations shall be in accordance with Company’s vacation policy to policies and practices for senior Employees taking into consideration the following fiscal year pursuant such policyneeds of Company.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Synnex Corp)

Vacation. The Employee shall be entitled to annual four weeks of paid vacation per year. Employee will not accrue further vacation time unless and until Employee's unused vacation time fall below five weeks of four (4) weeks, accruing ratably over the course of each year of employment, to be taken at such time or times as the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s vacation policy to the following fiscal year pursuant such policytime.

Appears in 1 contract

Samples: Employment Agreement (California Pizza Kitchen Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeksweeks paid vacation per calendar year (pro rated in the event of a service year which is shorter than a calendar year), accruing ratably over the course of each in addition to Company holidays. Any vacation time not used during a calendar year of employment, to shall be taken at such time or times as the Employee may select, consistent treated in accordance with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s 's policies relating to unused vacation policy to the following fiscal year pursuant such policy(currently forfeiture without compensation).

Appears in 1 contract

Samples: Employment Agreement (NeoStem, Inc.)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course weeks of paid vacation during each full calendar year of employment, to be taken at such time or times as his employment in accordance with the Employee may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under terms and provisions of the Company’s vacation policy policies and practices in effect from time to the following fiscal year pursuant such policytime.

Appears in 1 contract

Samples: Employment Agreement (Orleans Homebuilders Inc)

Vacation. The Employee shall be entitled to annual paid vacation time of four (4) weeks, accruing ratably over the course of weeks paid vacation during each year of employmenthis employment hereunder (as pro rated for partial years), such vacation to be taken at such time or times as shall be agreed upon by Employee and the Employee may select, consistent Company with his obligations hereunderdue regard to the needs of the Company. Vacation days time shall not taken during an applicable fiscal be cumulative from year may to year and shall be carried over otherwise subject to the extent permitted under the Company’s policies on vacation policy as in effect from time to the following fiscal year pursuant such policytime.

Appears in 1 contract

Samples: Employment Agreement (Atrinsic, Inc.)

Vacation. The Employee shall be entitled annually to annual four weeks paid vacation time of four (4) weeks, accruing ratably over the course of each year of employment, to be taken used at such time or times as the Employee’s discretion, subject to the approval of the Chief Financial Officer. Should the Employee fail to use his vacation days, he may select, consistent with his obligations hereunder. Vacation days not taken during an applicable fiscal year may be carried over to the extent permitted under the Company’s carry any unused vacation policy to time into the following fiscal year pursuant such policyyear.

Appears in 1 contract

Samples: Employment Agreement (Chindex International Inc)