Common use of Vacations and Days Off Clause in Contracts

Vacations and Days Off. Vice President shall be entitled to a reasonable paid vacation of not less than twenty (20) days each calendar year during the Employment Period (prorated for the first calendar year), exclusive of holidays and weekends, which vacation shall be taken by Vice President in accordance with the business requirements of the Company at the time and its vacation plans, policies and practices as applied to other officers of the Company then in effect relative to this subject. Vice President shall also be entitled to up to five (5) paid days off each calendar year for paternity leave and up to three (3) paid days off to attend the funeral of any member of Vice President’s immediate family.

Appears in 4 contracts

Samples: Employment Agreement (Resaca Exploitation, Inc.), Employment Agreement (Resaca Exploitation, Inc.), Employment Agreement (Cano Petroleum, Inc)

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Vacations and Days Off. Vice President shall be entitled to a reasonable paid vacation of not less than twenty (20) days each calendar year during the Employment Period Term (prorated for the first calendar year), exclusive of holidays and weekends, which vacation shall be taken by Vice President in accordance with the business requirements of the Company at the time and its vacation plans, policies and practices as applied to other officers of the Company then in effect relative to this subject. Vice President shall also be entitled to up to five (5) paid days off each calendar year for paternity leave and up to three (3) paid days off to attend the funeral of any member of Vice President’s immediate family.

Appears in 1 contract

Samples: Employment Agreement (Cano Petroleum, Inc)

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Vacations and Days Off. Senior Vice President shall be entitled to a reasonable paid vacation of not less than twenty (20) days each calendar year during the Employment Period Term (prorated for the first calendar year), exclusive of holidays and weekends, which vacation shall be taken by Senior Vice President in accordance with the business requirements of the Company at the time and its vacation plans, policies and practices as applied to other officers of the Company then in effect relative to this subject. Senior Vice President shall also be entitled to up to five (5) paid days off each calendar year for paternity leave and up to three (3) paid days off to attend the funeral of any member of Senior Vice President’s immediate family.

Appears in 1 contract

Samples: Employment Agreement (Cano Petroleum, Inc)

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