Common use of Vacations and Leave Clause in Contracts

Vacations and Leave. The Executive shall be entitled to accrue and take four (4) weeks of vacation each year at such times as shall be consistent with the Bank's vacation policies and, in the Bank's judgment, with the Bank's vacation schedule for senior executives and other employees. Vacation leave cannot be accumulated from year to year. The Executive also shall be entitled to other paid sick, personal or other leave in accordance with the Bank's policy for senior executives, or otherwise as approved by the Board. In addition to paid vacation and other leave, 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 in its discretion may determine.

Vacations and Leave. The Executive shall be entitled to accrue and take four five (45) weeks of vacation each year at such times as shall be consistent with the Bank's ’s vacation policies and, in the Bank's ’s judgment, with the Bank's ’s vacation schedule for senior executives and other employees. Vacation leave cannot be accumulated from year to year. The Executive also shall be entitled to other paid sick, personal or other leave in accordance with the Bank's ’s policy for senior executives, or otherwise as approved by the Board. In addition to paid vacation and other leave, 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 in its discretion may determine.

Vacations and Leave. The Executive shall be entitled to accrue and take four (4) weeks of vacation each year at such times as shall be consistent with the Bank's ’s vacation policies and, in the Bank's ’s judgment, with the Bank's ’s vacation schedule for senior executives and other employees. Vacation leave cannot be accumulated from year to year. The Executive also shall be entitled to other paid sick, personal or other leave in accordance with the Bank's ’s policy for senior executives, or otherwise as approved by the Board. In addition to paid vacation and other leave, 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 in its discretion may determine.