Common use of Vacations and Leave Clause in Contracts

Vacations and Leave. a. Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 34 contracts

Samples: Employment Agreement (CFSB Bancorp, Inc. /MA/), Employment Agreement (CFSB Bancorp, Inc. /MA/), Employment Agreement (CBM Bancorp, Inc.)

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Vacations and Leave. a. Executive may take vacations and other leave in accordance with the Bank’s applicable policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 22 contracts

Samples: Employment Agreement (Delanco Bancorp, Inc.), Employment Agreement (Delanco Bancorp, Inc.), Employment Agreement (Sugar Creek Financial Corp./Md/)

Vacations and Leave. a. The Executive may take vacations shall be entitled to vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations vacation and other leave, the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, Board in its discretion, discretion may determine.

Appears in 11 contracts

Samples: Company Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.)

Vacations and Leave. a. Executive may take vacations and other leave in accordance with the BankCompany’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 6 contracts

Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

Vacations and Leave. a. Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 6 contracts

Samples: Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Polonia Bancorp), Employment Agreement (Northeast Community Bancorp Inc)

Vacations and Leave. a. (a) Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. (b) In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 4 contracts

Samples: Employment Agreement (Polonia Bancorp Inc), Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp)

Vacations and Leave. a. (a) Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. (b) In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 3 contracts

Samples: Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp)

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Vacations and Leave. a. Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board President and Chief Executive Officer may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determinebe deemed appropriate.

Appears in 2 contracts

Samples: Employment Agreement (Northeast Community Bancorp Inc), Employment Agreement (Northeast Community Bancorp Inc)

Vacations and Leave. a. Executive may take vacations and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations and other leave, the Board may grant Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, in its discretion, may determine.

Appears in 2 contracts

Samples: Employment Agreement (Auburn Bancorp, Inc.), Employment Agreement (Auburn Bancorp, Inc.)

Vacations and Leave. a. The Executive may take vacations will be entitled to vacation and other leave in accordance with the Bank’s policy for senior executives, or otherwise as approved by the Board. b. In addition to paid vacations vacation and other leave, the Executive will be entitled, without loss of pay, to absent herself voluntarily from the performance of her employment for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion determine. Further, the Board may grant to the Executive a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board, Board in its discretion, discretion may determine.

Appears in 1 contract

Samples: Employment Agreement (Chicopee Bancorp, Inc.)

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